A well-designed business process management system can help businesses increase efficiency in a number of areas.
Business executives and managers have always relied upon efficient business processing in order to decrease turnaround time and deliver first-rate services. Today, they are equally reliant upon electronic business processes and information about continually changing business conditions in order to remain competitive in a rapidly evolving marketplace.
Electronic business process technology can direct work based on a company’s business rules, as well as document existing inefficiencies within business processes. It allows organizations to automate process improvements, and can forecast potential bottlenecks in the flow of work (and alter that flow when necessary). BPM facilitates business activity monitoring, providing managers with the ability to measure employee productivity. This enables them to address situations before they become problematic, and ensures that their business processes are operating as efficiently as possible.
What is Business Process Management?
A business process management workflow facilitates the electronic routing of tasks based on established rule sets. With paperless business processing, organizations are able to manage key processes more effectively, use their resources more wisely, improve online business process administration, reduce operational expenditures, improve business process efficiency, and measure performance at a variety of different levels. Capable of managing complex processes that involve a multitude of applications, BPM is often deployed in mortgage processing, claims processing, and other enterprise-wide procedures.
Effective business management process software helps tie disparate software systems together to create seamless operations. It empowers managers to monitor their business activities; enables automated workflow reporting; and taps into audit capabilities that facilitate compliance with HIPAA, Sarbanes-Oxley and other stringent regulations. BPM systems also allow managers to monitor employee productivity and inventory reporting. Savvy vendors who understand the uniqueness of each business can make these capabilities available to managers behind the scenes. Document process management is simplified. Users do not have to learn new software applications, which creates a happier working environment.
Benefits of Business Process Management
- Eliminate time consuming and costly manual business processes
- Improve operation efficiency
- Make business processes consistent
- Streamline business processes
- Benefit from electronic workflow management
- Optimize complex business processes
- Reduce processing costs
- Standardize processes electronically
- Benefit from remote access to business processes