The mapping and analysis of business processes in order to align them with overall business goals and identify areas for improvement is known as business process management (BPM).
Organizations may minimize time-consuming and repetitive operations, enhance staff effectiveness, cut time to market, and deliver a better customer experience by using BPM software to streamline processes.
Organizations can find and fix bottlenecks and inefficiencies by better understanding business processes. BPM can also assist in identifying tasks that could be automated. adidas, a Bizagi customer, laid out their business processes before automating them across many departments, resulting in a 60% improvement in operational efficiency.
Compliance and best practices are baked right into the organization’s business processes by predetermining regulations in business processes. Process maps can be used internally to identify non-compliance and avoid fines, and they can also be used to prove compliance to external parties.
Using process as a common language allows for more effective communication between business and IT, which leads to faster business application development. Business data can be saved in a single repository, allowing everyone to see the same information on a daily basis, which promotes staff collaboration.
BPM software offers process standardization as well as more visibility and control over process execution, lowering the risk of human mistakes. Access management tools also help enterprises with data governance and security by allowing them to regulate who can view and update information.
BPM software provides improved visibility and a deeper understanding of how business processes are working by mapping and analyzing them. Users can go over them again and again, looking for ways to improve their performance.
“A stack is a set of tools that work together to achieve a specific result. Many teams have an entire stack of tools they use to market, sell, and communicate with their customers. The answer to this is called a Growth Stack.” HubSpot