Celonis has made a huge impact since it launched in 2011, raising $2.4 billion along the way. Its most recent investment, raise $1 billion in Augustvalued after $13.2 billion, the currency that you was not seen in 2022.
The company mainly built its reputation by using software to harness the process, learn how work happens in a business, and find ways to make it more efficient. So far, it has worked quite well by recording the process one by one.
But today at CelosphereAt the company’s annual customer conference, it announced a major breakthrough in what technology can do: It introduced a new product called Process Sphere that moves product from a single process. to more complex processes.
Alex Rinke, CEO and co-founder of the company, says the new approach makes the whole mining experience much more powerful.
“We always talk about an individual process like an audit, an invoice or a procurement, whatever that 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 and allows you to look at multiple processes at once because many times you have a lot of collisions at the interface between processes. your sales process and shipping process, or your shipping and payment process [and this allows you to see all that in a single view]“Rinke told TechCrunch.
They have created a very attractive visual interface to show the different processes; it looks a lot like a subway map, but instead of showing switching stations, it shows points in a process that it passes through a second or third process.
“We call it a metro map, and each process looks like a subway line, and you look at your business metro map, you can zoom in and out and just see specific routes. And it’s a really, really powerful engine and we’ve put a lot of effort into making it clear and simple,” he said.
He added, “It enables a lot of use cases, whether it’s in commerce, whether it’s in the supply chain, whether it’s in finance, because you can understand what happening throughout the enterprise at the intersection of many business processes.”