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As part of Solutions Review\u2019s\u00a0Contributed Content Series<\/a>\u2014a collection of articles written by industry thought leaders in maturing software categories\u2014<\/span><\/span>Irina <\/span>Lunin,<\/span> the Vice President of Research & Development at Blueprint Software Systems<\/a>, shares some insights on assessing business process improvement strategies for your company.<\/span><\/strong><\/em><\/p>\n The processes used to get work done continually evolve to maximize efficiency while reducing costs. More and more enterprises are turning to business process analysis (BPA) to meet this challenge head-on. BPA provides a more holistic version of the traditional business process management model. BPA<\/span>\u00a0provides a structure for documenting how work gets done, analyzing that work, assessing its value, and, ultimately, executing better processes through a process improvement strategy.<\/span>\u00a0<\/span><\/p>\n By relying on data to identify business processes and determine the best ways to improve them through alignment with its business objectives, BPA can continuously increase efficiency, lower costs, and drive higher value. However, enterprises need to employ appropriate BPA techniques and process improvement<\/a> strategies to get there. <\/span>Generally, enterprises should apply five analysis techniques to their BPA efforts to realize immediate results and make better business decisions regarding their business processes.\u00a0<\/span>\u00a0<\/span><\/p>\n Once a process has been analyzed and its value assessed, the enterprise will be better positioned to choose the improvement strategy that delivers the most significant value. Enterprises typically employ four process improvement strategies: modernization, optimization, standardization, and automation.<\/span><\/p>\n Modernizing processes can extract processes from limiting legacy environments and re-platform them onto more efficient, modern technologies. For example, re-platforming existing automated processes from legacy RPA platforms onto newer generation RPA tools<\/a> can lower the cost of ownership, increase accessibility to automation, improve capabilities, enable scale, and produce higher returns. <\/span>\u00a0<\/span><\/p>\n Optimizing processes refers to leveraging predictive analytics and simulation capabilities\u2014for example, simulating changes to resources, costs, execution times, etc.\u2014to optimize improvements before they are implemented. A strong BPA practice is built on regularly optimizing processes<\/span>, regardless of whether those processes are manual, automated, or outsourced.\u00a0<\/span><\/p>\n A business process analysis solution that acts as a central, consolidated process hub enables effective process optimization. It also lets you run what-if scenarios across processes to localize areas for optimization.<\/span>\u00a0<\/span><\/p>\n Standardizing processes drives consistency, improves quality, and increases process execution times. A large enterprise running thousands of processes can leverage the commonalities possessed by those processes. Reusing processes or process components that have already been vetted, tested, approved, tuned, and proven to deliver value also provides numerous benefits, including reducing the volume of processes needing management and increasing returns with marginal investment.<\/p>\n A good BPA solution will empower process reuse, allowing organizations to shift into a mode of assembling processes from standard components instead of authoring them from scratch. Doing so will increase quality, consistency, and speed.<\/span>\u00a0<\/span><\/p>\n\n
Modernization<\/strong><\/h4>\n
Optimization<\/strong><\/h4>\n
Standardization<\/strong><\/h4>\n
Automation<\/strong><\/h4>\n
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