New: avvaneo Discover shows concrete optimization potential
avvaneo Discover can now do even more
avvaneo Discover is an analysis tool for monitoring the efficiency of financial processes. It gives you an overview of how fast the processes are running overall, or if there are any delays, how large a workload there is and whether there may be a need for improvement. Until now, however, it was not possible to gain insight from the usual reports which specific changes could be used to clear bottlenecks and improve efficiency.
This is exactly what will be provided now with our new additional function. The new feature makes it possible for the first time to simulate the potential of a specific change. The essence is the ability to test the impact of the tolerance threshold for accepting invoice deviations by varying them. Usually, system users simply estimate the difference amounts for which a manual workflow should take place and which minor deviations are automatically accepted for efficiency. Now you can discover the best thresholds in a very simple manner within minutes.
Trying out solutions parametrically
This is what the latest feature of avvaneo Discover looks like:
At the top center you see the current statistics on "price issues". The simulation calculator works with the same real data, whereby users can vary not only the thresholds but also the timeframe, for example to compare different quarters. It is as simple as this:
(1) Set price tolerances:
You can vary the defined threshold in percentages or in absolute values with a sliding rule.
(2) View efficiency gains:
You can immediately see how much manual processing could have been avoided with the changed setting - you can see exact calculations of the theoretically saved workflows and working hours and thus know the potential efficiency gain for your organization.
(3) Estimate possible overpayments:
Finally, you will see the sum of the possibly overpaid amounts that would have to be offset against the efficiency gain.
If you "play" with the settings in this way and vary the time periods once in a while, within minutes you will be able to validate a change proposal on the basis of real, extensive data, which you can be sure will really make a difference: you select the variation where the relief of the workflows most clearly exceeds the costs to be offset.
Know immediately what to do
avvaneo Discover has become even more valuable to users for everyday operations with this feature. It can help you quickly and effectively identify drivers of unnecessary effort and implement optimizations immediately.
This new feature is a prelude. We will soon be releasing more new features with the same goal - to use real data to generate suggestions for process improvement.
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