Research Shows Advantages of Business Process Management Applications Get 15% Rate of ReturnOctober 15, 2010 No Comments
SOURCE: Business Net Solutions Ltd
Milton Keynes September 2010 – Research shows that organizations using business process management applications get an internal rate of return higher than 15%. Business process management tools emphasizes on the participation of the business owners and not just systems integration.
Save time and money- business process management provide optimization of the organization’s goal, process modeling, management and automation. To be successful, business process management applications must include the owners combined with the right technology.
The outcome would be inter-departmental and inter-system business software applications. These applications should also easily integrate with existing applications like CRM, ECM and ERP. There should be no need to redesign the whole system just to fit in the business process management applications.
Improve quality of work- Aside from saving time and money, another advantage of a business process management applications is reducing or eliminating loss caused by loss of documents, error in filing or error, and the lacking important information needed for review. Also, flow visualization enables all those involved in the process to clearly understand their role at any given time.
Visualization in business process management tools also clearly defines the duties, what time and kind of work that needs to be completed. There would be no misunderstandings and negligence and most important, no more excuses for delays. Business process management applications also improve coherence and external and internal parties are clear on their expectations. End result the satisfaction of both the owners and customers.
Streamlining business process- since the inception of a business, processes are in place, and as the business grow, so is the creation of other processes making the organization more complex. All businesses have set of policies and procedures with detailed management standards, thus implementation of these poses as a challenge. Many businesses recognize this challenge so they spend money on consultants to streamline their processes. However this leads to confusion among the workers and the consultants leading to system failure.
Business process management applications when applied at the inception of the business will streamline all the processes in its early stages, control the recording and working hours, standardized the management and its needs and quality service requirements.
Optimize processes – Business process management enables an organization to discover their hidden potentials by modifying their current processes to give higher yield or higher internal rate of return.
Business process management covers from the procurement, research and development, sales and marketing and accounting. Business process management tools are used by most organizations for continuous process optimization in its lifetime. Factors in choosing the right business process management tools are standardization, waste minimization, kitting, preventive maintenance and proper metrics.
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Company Details: Business Net Solutions Ltd
Contact: Martin Anderson
Phone: +44 1908 236807
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