Increase Efficiency at Scale
Closing the Transparency and Trust Gap
Doing business is interaction between partners. In todays connected world, most business processes span multiple companies and stake holders. Keeping data in sync between these partners comes at a cost: conservative estimates believe that on average, about 15% of revenue is lost due to inefficient processes.
The Gap
Fragmented Data
There is no common ground for data: every partner in the process keeps their own record. This results in a high effort for data synchronization as well as a high risk of failure.
Financial Loss
Companies lose about 15% of their revenue due to error correction and inefficient processes. For an average-sized European company this results in about €1.8 Million every year.
Wasted Time
Employees spend up to two hours a day with looking for missing data, manual validation and redundant communication instead of creating value for the company, resulting in a huge loss of productivity.
Strategic Risk
Without trusted real-time data, your visibility into your processes is limited. Decisions will be delayed and innovation capacity will suffer. Intelligent automation is only possible with trusted data.