When it comes to business process management there are several reasons companies invest in these solutions. From driving efficiency in the workplace to improving company support of new trends like mobility, BPM software opens up many new doors to productivity and innovation. However, there are specific advantages that firms only gain when looking to the cloud.
Gartner reports that 50 percent of companies will be using cloud services by 2016, with cost savings, agility, time to market and efficiency as the primary drivers. When delving deeper, however, companies can lay out the exact advantages that cloud BPM provides, and establish where the value drivers are for their unique needs.
Low cost
Cloud solutions help to reduce startup and operational costs over time by providing scalability and flexibility in process management. These features will eliminate unnecessary expenses in addition to the initial savings that the cloud offers, ensuring a firm is able to embrace process management software sooner and start taking advantage of the various benefits it supplies quickly. While cost isn't always the primary factor in decision making, gaining the other improvements that BPM brings with the added benefits of cost reduction makes cloud BPM a prime choice.
Swift deployment
The flexibility of cloud solutions adds another advantage for businesses implementing new process management solutions - speed. The option to deploy faster and start utilizing these tools sooner will expedite the savings and value drivers attached to them, ensuring that a company is optimizing its workflow as quickly as possible. For most companies, this is a key reason to invest in cloud BPM over other alternatives.
Faster ROI
Due to the low cost and quick deployment of cloud BPM, it provides ROI sooner in the process, helping firms recoup costs and focus on the gains, not the investment. In any industry, swift ROI is incredibly beneficial for any technology investment, as it helps a company legitimize its purchase and establish a foundation for future investments.
Cost control
In addition to being low cost at the start, cloud solutions allow firms to better manage the lifetime costs of a solution, regardless of if it's BPM or storage. The flexibility of these tools allow firms to only upgrade as needed, while expanding or shrinking systems as necessary for workflow demands. This establishes a minimal cost-to-profit ratio, and ensures that a business is optimizing its own operations, not being controlled by the technology it uses.
Cindy Cheng
Director of Product Marketing
