Have you always wanted to know the percentageof invoices that are paid on time? With the “On Time Payment” App you can see thisinstantly! Aside from the 50% on time payment rate you also gain insight into the amount,over 56 thousand, timely paid invoices, distributed along the chosen timeframe.
When we put a filter on operating unit 889- Vision Netherlands, only invoices from this operating unit will be selected.
Next we willput a filter on all the Consulting cost centers, to select all the invoices that have thisspecific cost centers.
We see that the KPI’s are instantly updated to match this selection.
Only 40% of the invoices that are booked on the Consulting cost centers within VisionNetherlands are paid on time.
Let’s move on to the second sheet: “PaymentCycle Time”.
We’re going to remove the two filters to select all of the invoicesagain.
This sheet will answer the question of within how many days you pay invoices per:invoice, supplier,or any other invoice characteristic.
If we want to know what the average paymentcycle time is, we just need to change the value of Median to Average.
We see that there’san outlier in October 2017.
When we filter on this month, in the bottom right cornerwe see the suppliers that have sent invoices.
And we can see which invoices have been paidvery late.
With this App you gain insight and controlon your payables process, by using Celonis Process Mining you are able to improve yourprocesses and thereby achieve a higher percentage of invoices paid on time! Happy Process Mining!.