Celonis Inc. - Company Market Research Report

Company Overview

Name, Mission

Celonis Inc.
Celonis is on a mission to enable businesses to optimize their processes through cutting-edge process intelligence and AI.

Founding Information

Founded: 2011
Founders: Alexander Rinke, Bastian Nominacher, Martin Klenk

Key People

Alexander Rinke - Co-Founder and Co-CEO

Bastian Nominacher - Co-Founder and Co-CEO

Martin Klenk - Co-Founder and CTO

Carsten Thoma - President

Malhar Kamdar - Chief Customer Officer and Head of Ecosystems

Vanessa Candela - Chief Legal & Trust Officer

Greg Czajkowski - EVP Engineering

André Heinz - Chief People and Culture Officer

Philippe Mathieu - Senior Vice President Sales, EMEA, LATAM and APAC

Mark Jacobs - Senior Vice President Sales, North America

Headquarters

Address: 6 Theresienstr., Munich, Germany
Additional offices: New York, Madrid, and 17 other locations worldwide.

Number of Employees

Employees: 3000+

Revenue

Revenue Information: No information is available

Recognition and Valuation

Valuation: $13 Billion
Awards:

German President’s Award for Process Mining

Best of Technology Awards 2023 (Finance Category)

Glassdoor Best Places to Work in Germany 2023

The Cloud Awards 2022-2023

Known For

Celonis is renowned for its Process Intelligence platform which uses process mining technology and AI to create digital twins of end-to-end business processes, optimize inefficiencies, and support enterprises in achieving higher operational effectiveness.

Products

Overview

Celonis offers an extensive array of products centered around Process Intelligence and Execution Management. These products aim to help organizations eliminate inefficiencies, achieve transparency, and optimize end-to-end processes.

Key Products and Features

Celonis Process Intelligence Platform

Description: Empowers businesses by turning process data into clear actionable insights.

Key Features:

Process Mining: Create a living digital twin of business processes.

Process Excellence: Provides tools for improving processes, including real-time data analytics.

Process Cockpit: Merges live process insights with institutional process knowledge.

Celonis Execution Management System (EMS)

Description: Integrates execution applications with process mining for enhanced management.

Key Features:

Real-time data processing.

Intelligent business decisions based on solid data insights.

Automation of manual tasks to improve efficiency.

Celonis Process Cockpit (Symbio Integration)

Description: Unified platform combining BPM with real-time process insights for compliant intelligent process execution.

Key Features:

Integration of core KPIs with real-time performance metrics.

System-agnostic approach enabling data-driven process improvements.

Process modeling and continuous process monitoring for deviations.

Pre-built Apps

Accounts Receivable App: Manage collections with intelligent prioritization.

Duplicate Checking App: Identify and prevent duplicate payments in systems.

Material Shortages App: Track material flows and impacts to mitigate shortages.

Recent Developments

Acquisitions

Symbioworld GmbH (Symbio): Enhances Celonis' capabilities in business process management with AI-driven BPM solutions.

New Product Launches

Process Copilot: Simplifies value identification across processes with GenAI.

Transformation Hub: Centralizes impact quantification of Celonis solutions.

Studio: Redesign for easier app, dashboard, and action creation within the platform.

New Partnerships

IBM Global Partnership: Expanding Celonis partner ecosystem for executing management technology.

Integration with Climatiq: For carbon emissions management in shipping.

Symbio: For combined BPM and process mining capabilities.

Innovations and Enhancements

Celonis PI Graph: Enriched digital twin of an enterprise's business processes.

Process Adherence Manager: Integrates process mining and real-time conformance monitoring.

Process Navigator: Centralized access to process knowledge for employees through Microsoft Teams integration.

Awards

Gartner Magic Quadrant 2024: Leader in Process Mining Platforms.

Everest Group PEAK Matrix 2024: Leader and Star Performer in Process Mining.

Key Use Cases and Success Stories

Accenture's Implementation: $35M in annualized working capital benefits, 50% improvement in request-to-order cycle time.

PepsiCo: Millions unlocked in Accounts Receivable, 86% reduction in rejected sales orders.

Deutsche Telekom: 96% cash discount rate, >€66M saved in Procure-to-Pay processes.

State of Oklahoma: $4.5B+ worth of POs reviewed in less than 12 weeks, 200x faster auditing.

This comprehensive report aims to equip stakeholders with vital information about Celonis Inc., its innovative products, recent developments, and use case success stories, aligning with the company’s strategic objective to drive value through cutting-edge process intelligence solutions.