With business needs changing rapidly in the face of global economic scenarios, organizations continue to be pressed with the necessity to align business processes with market requirements to be competitive. BPM (Business Process Management) has therefore evolved into a collaborative platform to automate and monitor business processes The ease with which processes can be monitored, analyzed and remodelled for optimization makes BPM an important component of organization strategy. However, many organizations struggle to quantify the benefits from a BPM implementation. In this whitepaper, we examine the business benefits and cost saving that an organization experiences from BPM implementations and how they may be measured.
BPM as a Process Enabler
Global business organization consists of business ecosystem with different processes. The basic value of business unit within an organization is the need to streamline business operations, consolidate organization, and reduce the cost. Business organizations are increasingly relying on virtual project teams spanning across globe for their processes to be implemented. This has given rise to the need of collaborative platform for design and automation of business processes. BPM has emerged as a critical discipline control and process enabler for ensuring consistency in planning and performance management while reducing costs across the enterprise.
The Need for BPM Tools
Business organizations have been traditionally using ERP system to achieve their business objectives. The problem with ERP systems is that they are modelled on set of processes and lack agility in transforming the business processes to match agile business needs. Any change in processes may result in customization or changes to the base system and would involve the complete Software Development Lifecycle. Further, the lead time between the requirement and the implementation is so high as to nullify the advantages from the change. The need for ...