Business process management BPM is a system that enables organizations to automate ordinary business processes to achieve cost minimization and greater efficiency. With a graphical interface, BPM systems can be used to model business processes visually that can assist a non-programmer or business analyst in comprehending and optimizing processes of their enterprises.
The primary aim of using a BPM solution is to enhance the functioning of human-centric business processes. For example, it can be used to manage multiple HR, security, payroll, high-volume e-commerce processes where manual intervention is required for transaction completion. BPM system helps organizations orchestrate various systems, processes as well as people to enhance the quality of business activities or transactions.
Business process management offers a number of benefits. Cost efficiency is one of the most tangible benefits provided by BPM. BPM helps businesses to minimize overhead costs and accelerate revenue growth. Both small and large-scale companies can make use of BPM to get the balls rolling, helping them to become better equipped to switch gears, respond to the changing business environment faster than competitors, and succeed!
1. Cost-effective:In the growing economic conditions, slashing budgets is not a viable way to cut down additional costs. Organizations need to increase cost efficiency to embrace the current economic shift. Business process management helps companies to drive strategy towards accelerating cost efficiency by automating tasks, streamlining business processes and collaboration, and enhancing the quality of products as well as alleviating risks.
With a built-in real-time analysis and reporting system, business process management enables companies to make cost savings up to 50%.
2. Improved Compliance and Visibility: Companies that lack a flexible process management system are unable to tackle the end-to-end compliance issues that can hinder unforeseen costs in the form of penalties. It is BPM systems that help organizations build compliance into their business practices which remains crucial for minimizing risks and avoiding future costs.
In addition, BPM systems offer end-to-end visibility, enabling companies to quickly identify issues, refine processes and shift the focus of your IT team from maintenance to innovation, and capture fresh opportunities proactively. With improved visibility, organizations can keep a close watch on their processes and optimize workforce management by identifying and resolving bottlenecks.
3. Enhanced Business Agility and Customer Experience: Business process management helps enterprises to drive overall productivity and competitiveness. It creates and documents business processes and monitors their effectiveness to accomplish higher efficiency, thereby helping organizations drive performance, and agility. Furthermore, BPM allows companies to respond quickly to changing customer demands and requirements in a seamless manner. This increases the level of satisfaction in customers, fostering unwavering loyalty.
Though the business process management system offers a multitude of benefits, it must come with integration capabilities that enable systems to share tasks in a seamless manner. BPM integration software allows organizations to thrive and collaborate, and supports various types of integration linked to data including,
1. Pull capability, which involves sending information extracted from a third-party system into the organization’s business processes. This capability enables BMP users to utilize the information and interpret it for further purposes.
2. Events happening in other systems that help to trigger a new process altogether. Say for example, as a purchase request is approved (event takes place) in an organization’s workflow management system, another process (a purchase request order in the company’s ERP) gets triggered.
3. Push capability, which involves sending the information to a third-party system when it reaches another step such as the manager approval step.
BPM integration is important for businesses. By offering hassle-free integration with other platforms like Office 365, G Suite, and other cloud or SaaS services, it helps processes to gain more traction as well as interoperability. Hence, employing a BPM data integration software can help companies drive their end objectives through improved collaboration.
However, picking any integration solution to integrate BPM systems can do more harm than good. It isn’t a one-size-fits-all approach, and so enterprises must pick BPM integration software that offers a comprehensive integration range to help companies meet their end goals.
Make sure to evaluate factors such as your specific business needs and objectives, budget constraints if any, among others before selecting a business process management integration software. Choose a robust BPM integration platform now!
Chandra Shekhar is a product marketing enthusiast who likes to talk about business integration and how enterprises can gain a competitive edge by better customer data exchange. He has 7 years of experience in product marketing for SaaS companies.