Celonis, provider of execution management and process mining, and the payment platform Stripe will work together in the future. Both companies will use each other’s technology. This is intended to increase customer benefit and simplify processes.
Only about 14 percent of global trade is now conducted online. Millions of companies use Stripe to increase revenue and transform their business. These include corporations as well as smaller companies and start-ups. Celonis’ technology will help Stripe improve processes for onboarding new users. In this way, companies using its payment platform can gain even faster and more efficient access to the global online economy.
In return, Stripe will handle payment processing for users of Celonis’ execution management system and convert them to a usage-based subscription model. This enables the provider to expand its own marketplace within a short period of time. With the help of Stripe Connect, the company can integrate third-party providers into the marketplace more efficiently and offer its customers greater added value.
Stripe supports Celonis in setting up a billing platform
“We are very pleased about the partnership with Celonis. As a company supporting some of the largest companies in the world, superior customer experience and efficiency are mission critical for us,” said Eileen O’Mara, Head of EMEA Revenue & Growth at Stripe.
Miguel Milano, co-owner and Chief Revenue Officer at Celonis, adds: “Millions of companies of all sizes use Stripe’s software for a seamless payment process. But many companies still approach payments in outdated and outdated ways. We are excited to partner with Stripe to help us build a best-in-class billing platform that offers our customers and partners a seamless payment, billing, and software subscription experience.”
Stripe is one technology platform, which companies can use to build their online business. The software solutions support payment processing and the development of new business areas. Since it was founded in 2010, the company has been actively driving the development of the online economy, enabling new business models and processing payments.
Celonis supports companies in using their data in a targeted manner. The execution management system builds on its own process mining technology and provides a whole range of applications, platform functions and the new Celoni’s studio ready to eliminate billions of dollars in inefficiencies, provide a better customer experience and reduce carbon emissions. (sg)
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