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Celonis can now map multiple processes and present them on a metro map • londonbusinessblog.com

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celonis has made a big impact since its launch in 2011, and has since raised $2.4 billion. The most recent investment, an increase of $1 billion in August, was on a $13.2 billion hindsight valuation, the kind of money you haven’t seen in 2022.

The company has mainly made a name for itself by using software for process mining, figuring out how work flows through a company, and finding ways to make it more efficient. So far, it’s worked out pretty well documenting one process at a time.

But today at cellosphereAt the company’s annual customer conference, it announced a major breakthrough in what the technology has been able to do: It introduced a new product called Process Sphere that shifts the product from a single process to more complex cross-departmental, multiple processes.

Alex Rinke, CEO and co-founder of the company, says the new approach makes the entire process mining experience much more powerful.

Celonis process metro map

Image Credits: celonis

“We always talk about one individual process such as audits, invoices or purchasing, whatever the process is. We said, ‘how can we reinvent this and take it to the next level’? And that’s why we built a new processing technology, which is very revolutionary, that allows you to look at multiple processes at once, because you often have a lot of friction at the interface between, say, your sales process and your shipping process, or your shipping process and your billing process. [and this allows you to see all that in a single view]Rinke told londonbusinessblog.com.

They created a very attractive visual interface to represent the different processes; it looks very much like a subway map, but instead of showing switching stations, it shows points in a process where it transitions into a second or third process.

“We call it a subway map, and every process looks like a subway line, and you look at your company’s subway map, you can zoom in and out and just look at specific lines. And it’s a very, very powerful engine, and we’ve put a lot of work into making it clear and simple,” he said.

He added: “It allows for many use cases, whether it’s in commerce, whether it’s in the supply chain, whether it’s in financial operations, because you can understand what’s going on in an entire company on the intersection of multiple business processes.”

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