This 45-minute webinar, provided by Nintex Software and presented by Thomas Kohlenbach, Principal BPM Consultant, addresses some common issues regarding Business Process Management. During this webinar, Kohlenbach shares real life examples and best practice recommendations on how to overcome these 5 BPM challenges.
What is BPM?
Business Process Management (BPM) refers to the managerial task of the business processes. It is not a one-time task but rather an ongoing activity that involves consistent re-engineering of the strategies. It is related to how an organization creates, edits, and analyzes the advanced forecasted processes that sum up the core of its business. BPM is all about building and sustaining process improvements and treats business processes as a key knowledge asset of your organization.
Nintex believes effective process management depends on:
- Information that is easily understood by end business users
- A central repository of easily accessible process, procedure and associated content
- Giving teams tools that promote process ownership and accountability
- Leadership from the top
- An approach that supports ongoing innovation and improvement of processes
Today, it’s a proven fact that technology helps a business to grow seamlessly. Businesses start experiencing a drop in the production as well as profitability when it fails to cope with making necessary arrangements for incorporating modernized technologies. Companies that accept software solutions for BPM are more successful as well as long-sustaining. For your convenience, we’ve listed the top 5 benefits of having a BPM solution.
Reduction of Risks and Data Redundancy
A BPM tool provides total visibility into your business processes, which allows for special concentration on errors. This, in turn, gives organizations the chance to work more efficiently and save resources. And since automation is the key to keep the execution quality at the desired level and to ensure that a task is executed the same way every time, automating mundane business processes can help you to enjoy more time focusing on the big picture and sleep better at night knowing there are less errors and much less data redundancy.
Better Control of Operations
Regardless of how well controlled or solid your business processes are, it’s important to always have complete control of what tasks are running, who is working on what, and whether or not the deadlines are met. Enter BPM software: it will give you live access to all this information (and more) through general dashboards and data charts to monitor execution and progress.
Improved Business Collaboration
When multiple tasks or processes are running, collaboration among team members is a must. In this new digital business model era, the traditional communication channels are not the best solution. Messages, notifications and file sharing systems can and will make the line of communication easier. This ensures everyone using the system is always provided with relevant and real-time information so that if any changes are made, they’re notified right away. This will help to reduce any data redundancy and general business issues.
As market trends and customer demands change over time, so does your company goals, needs and demands. A key feature of BPM software is that smooths the design processes that are flexible. This flexibility of making changes to a process can benefit your organization greatly, and gives you the opportunity to scale with any changes that you need to meet. BPM software gives you the agility you’ll need so processes can be easily customized to suit the requirements of your organization.
Increased Productivity and Performance
Data from all your business processes are stored and used to measure process performance when utilized with a BPM solution. By comparing that data to the expected results, you can quickly identify any and all points that need improvement in order to help maximize revenues. Process improvements like getting rid of bottlenecks and elimination of redundant steps can easily be achieved with BPM. These small improvements will translate into increased productivity and overall performance.
Looking for more? Download our Business Process Management Buyer’s Guide for free to compare the top-24 products available on the market with full page vendor profiles. The guide includes four key capabilities to look for in a BPM platform, plus questions to ask before purchasing. It’s truly the perfect resource for anyone looking to find the right BPM for their business/organization, or those looking to replace an existing one.