Cosentino Revolutionizes Operations with AI-Powered Solutions
Cosentino Revolutionizes Operations with AI-Powered Solutions
In today's rapidly changing business landscape, companies are increasingly leveraging advanced technology to enhance their operations. One notable example is the transformation undertaken by Cosentino, a prominent manufacturer specializing in innovative design and architectural surfaces. Through a strategic partnership with Celonis, they have developed an AI-powered assistant aimed at optimizing credit block management.
Enhancing Efficiency through AI
By implementing a Celonis-powered AI assistant, Cosentino's credit management team can address blocked sales orders significantly more efficiently. The assistant is capable of managing and resolving these issues up to five times faster than prior methodologies. This remarkable improvement not only streamlines operational processes but also enhances overall customer experience.
Valuable Insights from Celonis
Manuel Haug, the Field CTO at Celonis, emphasizes the importance of process intelligence in maximizing the effectiveness of enterprise AI. He stated, "Celonis process intelligence provides the necessary data and business context to bolster enterprise AI efficacy. It integrates insights from various systems, ensuring comprehensive visibility into both past and present business processes while embedding significant business knowledge such as industry benchmarks and reference models." This depth of insight is crucial for companies eager to innovate and elevate their operations.
Commitment to Technical Innovation
Rafael Domene, Global CIO at Cosentino, remarked on the transformative impact of the AI assistant, noting how it has revolutionized their order management framework. Since its introduction, the assistant has significantly enhanced the reliability and speed of their processes, echoing Cosentino's long-standing commitment to technological advancement and business success.
Over 75 Years of Excellence
Since its inception in 1945, Cosentino has led the way in supplying high-quality natural and manufactured surfaces for diverse architectural applications. With a bold vision and unwavering dedication, the Spanish company has consistently introduced groundbreaking products like Silestone and Dekton. These innovations can be found in prominent structures and everyday spaces across the globe, showcasing the company's impact on both the market and the lives of consumers.
AI Integration in Business Processes
In an ambitious initiative launched in 2024, Cosentino opted to leverage AI technology to further optimize its operations. Collaborating with Celonis, a renowned expert in process excellence and AI, they embarked on a journey that would transform their operational capabilities. In just seven weeks, Celonis identified key use cases, structured the necessary data from Cosentino’s systems, and successfully deployed the AI assistant.
How the AI Assistant Works
The AI assistant for credit block management operates by assessing each blocked sales order within moments of receiving the request. It aggregates vital information, such as order value, customer credit status, and critical performance indicators related to the order's processing. With this comprehensive insight, the assistant can recommend the most effective course of action, whether it's removing the block or retaining it pending confirmation of payment.
Empowering Credit Managers
Certainly, the AI assistant enhances the productivity of credit managers, providing them with well-reasoned recommendations and the option to either accept or challenge the AI’s decision. If a manager disagrees with the recommendation, they can offer feedback that allows the AI to adapt and improve over time, creating a learning loop that enhances future accuracy.
About Celonis and Its Mission
Celonis is dedicated to making processes beneficial for individuals, companies, and the environment alike. The company's Process Intelligence Platform uniquely combines state-of-the-art process mining with machine learning technologies, offering businesses a digital twin that mirrors their operations. This system-agnostic approach fosters a collective understanding, allowing organizations to continuously derive value from their processes.
Headquartered in Munich and New York, Celonis operates over 20 offices worldwide, demonstrating its commitment to global reach and community impact.
Frequently Asked Questions
What is Celonis and why is it important for Cosentino?
Celonis is a leader in Process Mining and AI technology, essential for Cosentino's business transformation and efficiency improvements.
How does the AI assistant improve Cosentino's operations?
The AI assistant speeds up the resolution of blocked sales orders, streamlining credit management significantly.
What notable products does Cosentino offer?
Cosentino is known for its innovative products like Silestone and Dekton, famous for their applications in architecture and design.
When did Cosentino begin its AI-led innovation project?
In 2024, Cosentino initiated an innovation project utilizing AI technology to optimize its business processes.
What is the overarching goal of Celonis?
Celonis aims to empower businesses by providing tools that facilitate continuous improvement across various operational aspects.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.