Mar 18, 2021
The Frankfurt-based consultancy TME and the IT specialist process.science are entering into a strategic partnership to sustainably optimise processes of financial service providers by means of process mining. To this end, both companies will work on solutions that enable faster identification and implementation of digitalisation potential in processes.
"We are very pleased about the partnership," explains Thomas Deibert, partner at TME. "With process.science, and the use of process mining technology, we support our customers in data-driven process optimisation." The prerequisite for the successful use of the technology is the technical know-how and methodology in processes. An added value that both partners now offer their customers in the cooperation. "Together we increase transparency, standardisation and quality in process flows in customer projects," says Lucas Schroth, founder and managing director of process.science.
Process mining uses the data traces of process flows that accumulate in a company's IT systems to reconstruct and analyse business processes - even in real time. This makes process mining a solution for effective optimisation and control of processes on the one hand and the basis for automation on the other.
Process-oriented corporate management is the central strategic instrument for strengthening competitiveness and increasing the value of a company. However, with the digitalisation of entire business functions, processes are also becoming more complex and intransparent. Innovative, effective and cost-efficient solutions are needed to drive improvements and transformation of value creation processes. Processes and value chains should be considered in a data-based manner. This is where process mining comes in.
TME AG is a consultancy specialised in digital transformation based in Frankfurt am Main and a member of the Christ&Company network. It accompanies its clients through the challenges of change within an organisation with the aim of being able to serve new customer requirements digitally, effectively and promptly. From the structural adaptation of business models and products as well as services with digital measures, to the establishment of flexible organisational forms and collaboration models, to the set-up of automated, intelligent processes.
process.science GmbH und Co. KG is an independent IT specialist that makes process mining and data science tools available to companies. The combined use of data science and process mining solutions helps companies to carry out data-driven process optimisations by visualising and harnessing the hidden process knowledge already contained in data and checking compliance with KPIs.
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