Mythics and Celonis Join Forces to Accelerate AI-Driven Oracle Transformations
Mythics, a Virginia-based Oracle systems integrator and consulting firm, has announced a strategic partnership with Celonis, the leader in process intelligence. The collaboration aims to assist organizations in eliminating process inefficiencies, reducing operational costs, and expediting Oracle Cloud transformations through data-driven insights rather than traditional assumption-based decision-making.
As more organizations transition to Oracle Cloud Applications, many face challenges in understanding the actual operations of their business processes. Traditional methods, which often rely on interviews and assumptions, may overlook hidden inefficiencies, resulting in delays and increased costs.
This partnership seeks to transform the approach to enterprise transformations and the realization of value. Doug Altamura, Chief Strategy Officer at Mythics, emphasized that modernization should encompass more than just technology migration but should lead to a comprehensive business transformation. He noted that the partnership would help clients identify and address process inefficiencies and complexities prior to moving to the cloud, enhancing their confidence during modernization efforts.
Mythics plans to integrate Celonis into the initial phases of its methodology, enabling the analysis of transactional data to accurately understand business processes. This method is designed to reveal bottlenecks and inefficiencies before the design phase begins, thereby facilitating better decision-making early in the transformation lifecycle.
Additionally, Celonis provides capabilities for continuous process monitoring and execution, allowing organizations to detect inefficiencies promptly, take corrective actions in real time, and maintain improvements after transformation. Mark Fellows, Director of Celonis, highlighted that this partnership allows customers to gain insight into their actual business operations, thereby reducing risks and unlocking value from the onset.
The partnership addresses the rising demand for data-driven transformation across various sectors, including federal, state, local government, higher education, healthcare, and commercial enterprises, which are key markets for Mythics.