WHAT IS BUSINESS PROCESS MANAGEMENT AND HOW CAN BPM HELP A BUSINESS?
Business Process Management (BPM) is extremely important to every business. Business. BPM enables businesses to maximize profit and gain a competitive advantage over their competitors.BPM enables businesses to develop and deploy new applications faster and easier while responding to any change in customer or market requirements. Companies using BPM are able to face the challenges and recognize future opportunities long before their competition. Even, let us say that in the current business environment, businesses without business process management are not able to compete. This is why business process management is becoming so desirable nowadays. In this way, every business tries to integrate BPM into its daily business practices.
What does business process management mean?
BPM is a system that supports the workflows needed to run every successful business. Therefore, you will use BPM software in design, production, management, control, and even analyzing business performance.
Where can you use business process management software in your business?
It's simple, using your BPM to quickly and easily accomplish your every task. You can use business process management for any project in any department. Here are a few examples:
· Purchase and finance
In order to maximize revenue, it is essential to properly manage financial assets. BPM software can manage and track spending costs as well as monitor suppliers and subcontractors. BPM allows you to supervise and coordinate key activities such as billing, invoicing, purchases, payment of invoices, payments, budget, and even travel expenses.
· Human resources
BPM makes it easy for human resources to oversee important employee data, such as training dates, vacations, rental of human resources, and performance assessments. With business process management, all of these processes become faster, more consistent, and more efficient. Gaining HR department access to such information leads to quick and, above all, good decision making.
· Marketing and sales
Utilizing BPM saves valuable time and resources from marketing and sales. Business Process Management simplifies pre-sales processes while allowing employees to respond quickly to customer requirements. Most often, business process management is used in promotional campaigns, in to meeting customer requirements, in offering quotes, marketing, launching new products, and overall managing the sales process.
• Customer Relationships
Customer Relationship department will use BPM software to effectively troubleshoot and provide current and accurate customer information. By properly integrating business process management software, BPM can help this department automate and organize key activities such as acquiring new customers, managing service call, customer complaint handling, credit approval, and task management.
What does BPM offer to businesses?
• Data analysis
Good business decisions depend on the accuracy and completeness of the information. For best results, use up-to-date data. If data is outdated, inaccurate or incomplete, businesses make bad decisions. BPM stores data in one place, so decision makers make decisions based on up-to-date and accurate information.
Obsolete workflows and manual tasks can cost your business time and money. BPM automates tasks to improve operations efficiency, gain more insight into processes, increase growth, or better manage risk.
• Rules system
To achieve consistent automation, BPM needs a dynamic rules system.
• Device mobility
Nowadays more and more people use their tablets and smartphones than computers to access information, BPM software must be available both on computers and on mobile devices.
• Accessibility of data
The ability to store information and use BPM software not only in the premises of the company, but also in the cloud provides businesses with maximum flexibility.
BPM software security is extremely important. After all, BPM software must provide sufficient security to protect your operations and data even from handy hackers.
• Inclusive cooperation
One of the biggest benefits of BPM is its ability to maximize interaction and information sharing among all employees in the business. Therefore, with the right BPM software, employees can get an instant overview of new information.
So what? Were you interested in the benefits of business process management? Would you like to improve your business processes to help your departments? Try it out with our Bitrix24 software, which is really affordable for every business.
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