The BPM Guide: Accelerating Digital Transformation
What is BPM? How do I know it can address my challenges? Where do I start? Get the answers to these questions, and more, with the BPM Guide!
Business process management (BPM) software solutions have come to be among the most important tools in the corporate world, with more companies adopting them to streamline their business workflow.
For businesses to derive maximum benefit from BPM tools however, it is important to be aware of a few points about BPM: what it is, what it is not, and even the common misconceptions about BPM software.
BPM refers to an approach that serves to streamline an organization’s business processes. Activities are generally classifiable under design, modeling, execution, monitoring, and optimization components, but the overall goal is to promote innovation, efficiency, flexibility, and integration with technology.
In the implementation of BPM solutions, a misconception is the view that BPM is something that is outside the responsibility of corporate IT departments. Upon closer scrutiny however, business process management has proved to be a legitimate mainstream IT field and is now experiencing continuous growth.
Among businesses, another misconception is tagging BPM as a difficult approach to implement, one that disrupts functional systems that are already in place in organizations. Thankfully, the market has introduced BPM technologies that are easy to use and readily compatible with current systems.
The misconception is that BPM tools do not easily demonstrate their benefit to the organization. BPM solution providers address this by saying that while the benefit from using BPM tools can be hard to quantify, it can be expressed more effectively in terms of business value. For instance, how it cuts time for the completion of certain tasks and streamlines operations for the business to accomplish its goals.