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Let us help you make better business decisions. Contact us today to start your Business Process Simulation journey.

Email: sales@silicoai.com

160 Kemp House, City Road, London, EC1V 2NX, UK

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Elevate your Finance Team with Business Process Simulation from Silico

Finance teams can use a Business Process Simulation (BPS) based Digital Twin to develop a competitive advantage by reacting to volatile environments and other changes quicker, more accurately, and more strategically than competitors.

With a finance twin, companies can take the first step towards creating
a Digital Twin of the Enterprise (DTE) while deriving immediate benefits. Digital Twins allow finance teams to forecast and analyse, for example, revenues, costs, and margins as part of flexible, rolling, and ad-hoc budgeting exercises and strategic performance management initiatives.

They help optimise pricing and contracting, make or buy, target market, and product portfolio decisions.


Silico lets us make future decisions that benefit the whole organisation rather than individual business units and promotes transparency to align stakeholders around change initiatives.

- Head of Transformation

One customer identified that without transforming their current process in time to support their commercial growth objective, they would miss out on £200mn of revenue over 5 years.

We have our business intelligence tools to tell us what has happened and use Silico to tell us what is going to happen.

- Head of Department

Using Silico one customer identified the optimum transformation pathway which is simulated to achieve an 8.3% revenue uplift over the next 2.5 years.

One customer uses Silico to prioritise transformation initiatives across a global process to ensure they are carried out in the optimal order.

Significantly speed up delivery times of products, bringing revenue forward and increasing customer experience.

Silico lets us make future decisions that benefit the whole organisation rather than individual business units and promotes transparency to align stakeholders around change initiatives.

- Head of Transformation

One customer identified that without transforming their current process in time to support their commercial growth objective, they would miss out on £200mn of revenue over 5 years.

We have our business intelligence tools to tell us what has happened and use Silico to tell us what is going to happen.

- Head of Department

Using Silico one customer identified the optimum transformation pathway which is simulated to achieve an 8.3% revenue uplift over the next 2.5 years.

We have our business intelligence tools to tell us what has happened and use Silico to tell us what is going to happen.

- Head of Department

One customer uses Silico to prioritise transformation initiatives across a global process to ensure they are carried out in the optimal order.

What are the Benefits of using Silico for your Finance Team?

With a Digital Twin of your financials, your team can generate actionable insights that drive business outcomes. Take advantage of emerging opportunities and mitigate the impact of adverse environmental changes as quickly as possible.

Generate actionable insights:

Optimise decisions at the lowest level, like pricing towards individual customers, to maximise organisation- wide outcomes.

Align your organisation:

Overcome organisational silos and integrate purchasing, production, sales and more to connect your entire organisation with a single source of truth and purpose.

React instantaneously to new situations:

Allow decision makers to monitor and optimise financial decisions using insightful, interactive, real-time dashboards

Free-up time for value-adding activities:

Let your analysts spend their time on developing valuable recommendations and insights rather than collecting data and creating new models.

How to get started with Business Process Simulation for your Finance team?

Silico can develop a BPS model of your finances in as little as four weeks with:

To develop a simulation model of your finances, Silico requires information about the relevant parts of your organisation, like products, materials, and customers, and their relationship from, for example, existing spreadsheets or discussions with your team.

We work with your team to gain an understanding of what inputs, outcomes, and problems decisions makers want to simulate and evaluate virtually.

A full Digital Twin of your finances also requires:

Realistic values for relevant variables such as processing times and available resources.

An understanding of decisions and problems of your operational decision makers.

Make Finance work for everyone.

How can different roles interact with Silico?

CFOs

While some people may view the role of CFO as primarily financial, it is also important to have a strategic vision for the company. This is where a Business Process Simulation (BPS) based Digital Twin can be extremely helpful.

Pricing & Contracting

Pricing & Contracting is a critical function for any company, but it can be particularly challenging in fast-paced, volatile environments. A Business Process Simulation (BPS) based Digital Twin can help companies develop a competitive advantage by reacting to changes quicker, more accurately, and more strategically than competitors.

Sales

Sales teams can use a Business Process Simulation (BPS) based Digital Twin to develop a competitive advantage by reacting to volatile environments and other changes quicker, more accurately, and more strategically than competitors.

Production

Digital Twins can be used to support a wide range of business decisions, from long-term strategic planning to real-time operational decisions. By understanding how changes will impact business performance, organizations can make more informed decisions that can lead to a competitive advantage.

Procurement

BPS provides a complete view of an organization's procure-to-pay process and can be used to optimize that process by identifying inefficiencies and opportunities for improvement. Additionally, BPS can be used to simulate different scenarios in order to find the optimal solution for a given situation.

Let’s take a look at how a Finance simulation
model works with Silico:

Model your business in Silico

Use existing process assets including process maps and mining graphs to virtually replicate your processes and link processes together as well as to commercial outcomes.

Synchronise with real-time data

We integrate all relevant data sources, including process mining, process maps, and task mining, as well as ERP and CRM systems.

Analyse your as-is process

Run forward-looking scenarios to ensure your processes are future-proof, identify issues before they occur, and focus transformation efforts.

Prioritise process changes

Silico provides a risk-free, virtual environment to experiment with improvement ideas to identify the combination of actionable process changes that optimise the KPIs that matter to your stakeholders.

Optimise your process

Monitor your processes in real time and use advanced AI features to identify the most impactful improvement initiatives and operational actions for optimal business process performance.

Download our Business Process Simulation Guide

Are you looking to learn more about Business Process Simulation and how it can help you to build a digital twin of the enterprise? Download our free guide to get up to speed:

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