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Procurement: Dynamic Benchmarking

Elevate your business performance against the industry benchmarks

Procurement: Dynamic Benchmarking helps the organization in real time data capturing to procure high quality data for benchmarking. This creates common measuring metrics, definitions, and procedures to avoid unreliable and inconsistent benchmarking results.

This is where Navcara and Celonis combine their strengths:

  • Navcara, in collaboration with Celonis, makes benchmarking efficient in the P2P process by streamlining workflows and highlighting inefficiencies to adopt best industry practices.

  • Intelligent automation is employed to generate benchmarking insights to identify and apply cost-effective techniques that can result in significant cost savings in the P2P process.

  • Intelligent process automation eliminates the risk of manual errors in the data collection process to avoid any sort of disparity while making performance comparisons with other organizations.

  • Data integration tools of this application ensure easy integration of data from multiple sources for benchmarking analysis.

Features & Capabilities

Provides a supplier overview with details such as days payable outstanding, overdue days payable outstanding and late payments associated with each supplier.

Get insights on supplier overview based on DPO, late payment, and overdue payment
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