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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
Want to know more? One of our team will reply to you as soon as possible and will be able to answer any questions you may have. We'd love to help you start making better decisions for your business.
Email: partnerships@silicoai.com
160 Kemp House, City Road, London, EC1V 2NX, UK
Business Process Simulation (BPS) with Silico helps you optimise the efficiency of your procure-to-pay process to generate cost savings and cash improvements, manage supply chain risks, and improve supplier relationships. Your transformation teams can use Silico to analyse your current, as-is procure-to-pay process, test alternative process designs digitally, and thereby optimise the ROI of your transformation initiatives and process changes.
Create a Digital Twin of your procure-to-pay process to continuously monitor, analyse, and optimise it – from initial purchase requests and POs, through goods and invoice receipts, all the way to vendor payment. Silico is built from the ground up to expand your procure-to-pay Twin into a full Digital Twin of the Enterprise (DTE) iteratively, with value generated at each step at minimum risk, time, and cost. Start your company’s DTE journey and rapidly expand your FutureSight into supply chains, capacity, and inventory management.
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.
We have a range of other process mapping solutions including SAP but Silico makes it easier for us to understand and interact with the model.
With Silico, we can iteratively develop business process simulation models that predict the impact of future changes on our order-to-cash process and link those directly to business outcomes and financials even where processes are not system-based and without months of data collection.
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.
Increase process efficiency and reduce costs: Maximise the impact of your transformation initiatives by identifying where process reengineering, digitalisation, and automation are most effective in streamlining your procure-to-pay process.
Optimise working capital management: Ensure procurement, goods receipt, and payment are optimised for your bottom line, cash balance, and working capital with Silico’s Twins connecting processes to finances.
Improve vendor relationships and reduce supply chain risks: Use supply chain intelligence to build better supplier and vendor relationships that mitigate supply risks.
We would also require realistic values for relevant variables such as processing times and available resources and your ideas for process changes.
A full Digital Twin of your procure-to-pay process also requires real-time data integration to your relevant systems and an understanding of decisions and problems of your operational decision-makers
Let’s take a look at how a procure-to-pay process simulation model works with Silic:
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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:
