More and more organizational leaders are realizing that business process management [BPM] creates a significant competitive advantage. According to Gartner, BPM is one of the fasted growing segments in software, and is predicted to remain so during the next 5 years.
BPM Software reduces costs and increases efficiency by providing:
- Shorter processing cycle times
- Reduced administration time
- Fewer manual errors
- More efficient data entry
- Improved ad-hoc reporting
Reduced Costs – Business Process Management does more than just create efficiency. Knowledge sharing and collaboration improves decision making. Process performance reports help optimize workflows. Notifications and triggers help reduce errors and eliminate waste. An intelligent rules engine helps enforce best practices. Not only does Business Process Management increase workforce productivity, but it improves product quality and reduces corporate risk.
The result – Companies will see a substantial costs savings within months of deployment.
Increased Revenue – The efficiency created through effective Business Process Management will increase product output, shorten cycle times and improve customer service. Over time, you will see faster time-to-market and an improved company image which should increase sales.
Improved Agility –Effective Business Process Management will make your company better equipped to change gears to respond to your changing business environment [faster than your competitors].
In this uncertain economy, effective process management is a key ingredient to success that allows you to break out as a market leader.
What steps has your company taken to be a market leader?
Keeping it Real!