The central objectives of business process management (BPM)
Posted: Mon Dec 23, 2024 8:35 am
How much do you really know about your business? According to a recent Signavio survey, only 2% of organizations have created models of all their business processes. The remaining 98%, who have only partial models or no process models, will find they have overlooked costly performance losses.
Process modeling is just one element of a larger initiative that will be essential to gaining competitive advantage in the new decade: business process management (BPM) .
When companies quickly adopt disparate solutions to save money on the urgent problems of the moment, entire processes lose their agility. Each activity in the system begins to define the success of the others, whether it is useful or necessary.
BPM aims to eliminate energy waste in your organization. Based on a few fundamental objectives, BPM helps you:
Know your process performance
Learn how to get the most out of it
Change to get closer to your goal.
To join the 2% of organizations that are creating more manageable, productive, and profitable workflows, these goals can guide your use of BPM.
Centralize your data with BPM software
Despite being more connected than ever, business teams often duplicate efforts because they don't know that another department already has the data they need.
Departments spread across the globe leave less than 44% of workers knowing where to look for the information that fuels their daily tasks.
BPM aims to minimize redundant and outdated information to help your teams get organized. Your teams will be empowered to fill in the gaps and regain control of information, whether it concerns their customers or the organization itself. When data is organized and centralized for quick recall, your teams are faster to analyze, iterate, and improve.
Share and consolidate your data
Data is only powerful if it is shareable. Unfortunately, many oil and gas companies email list modern businesses have yet to escape the pitfalls of departmental data silos, which diminish the power of their insights.
Customers work across many different departments, each using their own databases, applications, and other systems. Things get complicated when changes in one area aren't automatically reflected in the others.
For example, RingCentral found that more than 70% of employees say the amount of communication they have to do has become a significant challenge. Poor communication can weigh on global companies that share performance reports across languages and cultures to hundreds of locations around the world.
By the time data is accurately transmitted through emails and application change times, the information may be too old to be useful. Worse yet, multiple versions of the same report are likely to be distributed throughout the organization, further obscuring the “real” data.
Process modeling is just one element of a larger initiative that will be essential to gaining competitive advantage in the new decade: business process management (BPM) .
When companies quickly adopt disparate solutions to save money on the urgent problems of the moment, entire processes lose their agility. Each activity in the system begins to define the success of the others, whether it is useful or necessary.
BPM aims to eliminate energy waste in your organization. Based on a few fundamental objectives, BPM helps you:
Know your process performance
Learn how to get the most out of it
Change to get closer to your goal.
To join the 2% of organizations that are creating more manageable, productive, and profitable workflows, these goals can guide your use of BPM.
Centralize your data with BPM software
Despite being more connected than ever, business teams often duplicate efforts because they don't know that another department already has the data they need.
Departments spread across the globe leave less than 44% of workers knowing where to look for the information that fuels their daily tasks.
BPM aims to minimize redundant and outdated information to help your teams get organized. Your teams will be empowered to fill in the gaps and regain control of information, whether it concerns their customers or the organization itself. When data is organized and centralized for quick recall, your teams are faster to analyze, iterate, and improve.
Share and consolidate your data
Data is only powerful if it is shareable. Unfortunately, many oil and gas companies email list modern businesses have yet to escape the pitfalls of departmental data silos, which diminish the power of their insights.
Customers work across many different departments, each using their own databases, applications, and other systems. Things get complicated when changes in one area aren't automatically reflected in the others.
For example, RingCentral found that more than 70% of employees say the amount of communication they have to do has become a significant challenge. Poor communication can weigh on global companies that share performance reports across languages and cultures to hundreds of locations around the world.
By the time data is accurately transmitted through emails and application change times, the information may be too old to be useful. Worse yet, multiple versions of the same report are likely to be distributed throughout the organization, further obscuring the “real” data.