From a Ziff Davis Media Survey…
BPM provides a solid return on investment by decreasing costs, increasing revenue and improving agility.
Organizations across all market sectors are utilizing BPM as a technology to orchestrate and integrate end users, applications and data defined business processes. Companies are also using BPM as a management practice to support the continuous process improvement needed to drive market advantage, reduce cost and friction across all facets of the business.
More and more organizational leaders are realizing that business process management creates significant competitive advantage. Gartner states that BPM is one of the fastest growing segments in software and it is forecast to remain so during the next five years. Many organizations are now focused on making BPM a program, not just a project.
In previous blogs, I have defined a company as a collection of processes. The 80/20 rule applies here – 20% of your processes will provide 80% of the value. Since these 20% are key to your company, their inefficiencies will have a direct impact on your bottom line.
Without software, you can accomplish plenty.
Identify the key Processes – Document – Test [be sure you have documented them correctly] – Measure [before measurements] – Improve – Measure [after measurements].
Process management activities have a much smaller chance of success without management involvement. Many company leaders are realizing that business process management creates a significant competitive advantage.
With Software, you can do more – BPM Software provides control, visibility & agility.
Control – dictate how the process works; who performs what activities; how long do they have; what information do they need; what information will they create; etc.
Visibility – Quickly see the status of a process; where is it now; what has been done; what needs to be done; build reports; etc.
Agility – Change is constant. You must be able to quickly and easily change the process to meet current needs.
BPM Results – A solid return on investment by decreasing costs, increasing revenue and improving agility.
Has your company identified their [20%] key processes?
Process Management – Keeping it Real…