Business Process Management (BPM):
Business Process Management has been implemented in many organizations in order to leverage the automation of existing and future business processes. BPM is a key to maximize an organization’s ROI(Return On Investment), Quality and service provided to the customers. Growing popularity of BPM tools and the need for automation of business process in today’s business world turns many companies to go for BPM.
Advantages of Business Process Management (BPM):
- BPM’s activities like Modeling, Automating, Monitoring, Analyzing, and improving the business processes helps an organization to get good profits in less time.
- BPM’s business process models visualize the activities within the organization and business-to-business transactions.
- BPM’s process flow models visualize the process flows within the organization and business-to-business transactions and the relationships between process flow.
- BPM’s data flow models visualize the data flow within the organization and business-to-business transactions.
- BPM’s decomposition diagrams for business process modeling, process flow diagrams and data flow diagrams visualize the processes and activities in a detailed manner.
BPM&’s workflow helps to define, create, execute, automate and manage processes within the organization and business-to-business-transactions to get more productivity.
The entire business process procedures can be documented in a shared multi-user repository. This provides technical and non-technical persons to understand the different processes that occur in each departments of the organization, its performance and the outcome of each business processes.
BPM increases quality and quantity of a product or a service provided by the organization.
BPM reports can be very useful to the topmost executives of an organization and whoever needs it.
BPM reduces the working hours of the employees.
BPM reduces the errors and exceptions when compared to a manual process.
BPM helps an organization to abide by the regulations of the government.
Business-to-Business Transactions (B2B):
BPM is the core of B2B transactions to gain leverage with vendors, customers, consumers, and suppliers.
Provides significant competitive advantage over competitors.
Simulation techniques with different scenarios can be used on business processes to explore the effect of change.