chemicals
$1.7M annual savings using process mining to optimize Procure-to-Pay (P2P) processes for a chemical Fortune Global 500
INDUSTRY
chemicals
INDUSTRY
Retail
INDUSTRY
Retail
Key Outcomes
$1.7M in Annual Savings
Achieved significant yearly savings through P2P optimization.
43% Faster Purchase Order Processing
Streamlined purchase order operations.
30% Less Rework
Minimized corrections, enhancing process efficiency.
10% Quicker Cancellation Profiling
Reduced delays in cancellation processing.
40% Faster Invoice Processing
Accelerated invoice handling with optimized workflows.
Overview
A global chemical company faced inefficiencies in its Procure-to-Pay (P2P) process due to manual interventions, multiple touch points, and a lack of automation. Aligned Automation leveraged process mining, data analytics, and intelligent workflows to optimize the P2P process, resulting in $1.7M in annual savings, a 43% efficiency gain in purchase order processing, and a 40% improvement in invoice processing time, while significantly reducing rework and profiling delays.
This global company is one of the largest in the plastics, chemicals, and refining industries. It is publicly traded and features on the Fortune Global 500 list. The company has a presence in over 100 countries and multiple manufacturing sites across continents.
Our team helped a leading global manufacturer optimize their P2P processes by leveraging enterprise data and analytics. We performed process discovery, analytics, reengineering, and intelligent workflows to achieve a more intuitive and frictionless process. Additionally, we enabled a proactive measurement system for transparent result tracking.
10+
Years of delivery excellence
10+
Years of delivery excellence
10+
Years of delivery excellence
Capabilities
Process Mining
Intelligent Process
Automation Analytics
CAse studies
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