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Which Benefits Can BPM Software Bring For Enterprises? - Science/Technology - Nairaland

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Which Benefits Can BPM Software Bring For Enterprises? by lolita1996: 4:24am On Jun 30, 2020
Yeeflow, a powful tool for company, is a no code BPM software, which can easily design, and customize your forms, workflows and applications with powerful drag-n-drop interface.
Which benefits can BPM software bring for enterprises?
I will list them for you one by one.

1. Help enterprises reduce cost

When an enterprise has a suitable BPM system, each business process has been determined and implemented. Through the process system, we can clearly understand the shortcomings of each business process, so as to make adjustments and avoid excessive losses. Many of the various businesses of the enterprise are mapped to each other. Once this mapping process is completed, you can easily determine where you can reduce costs. This can be achieved by eliminating redundancy, identifying quality control issues, and emphasizing excessive material and labor costs. Of course, reducing costs is just one of the benefits of this process.
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2, help companies understand and respond to customer needs

Successful companies must respond. They must be able to identify changing customer needs and preferences and respond quickly. This is another area where a successful BPM strategy can really help. It forces policy makers to pay attention. One of the latest changes in the way we look at process management is that the process itself is becoming more and more customer-centric rather than productivity-centric. Stakeholders no longer want to ask how to improve processes to launch products faster and more efficiently, but want to improve processes to better meet customer needs. This directly affects indicators such as customer satisfaction and retention. In addition, modifying business processes to meet customer needs often leads to other important improvements, leading to higher productivity and efficiency.

3. Companies increasingly find that their old business models are no longer effective

If your company has been working in an outdated business model, then you will go very slowly. It's time to make changes, not sometime in the future. You can’t ignore the changes around you. Technology, personnel, customer habits, and constantly changing social and economic conditions all constitute a rapidly changing pattern. If you fail to make the right changes at the right time, you can almost ensure that your competitors beat you at all times. Business process management can help you understand the current process and create new processes. In fact, the company making the change must determine the new business outcome.

4,improve the productivity of enterprises

As competition intensifies and the requirements for living conditions become more demanding, companies must do their best. BPM can help increase productivity and enable companies to provide more services to customers. Adidas (Adidas) is one such example, the company underwent a major overhaul. This has led to the achievement of multiple organizational goals, one of which is increased productivity. Specifically, they can reduce the delay time between order placement and the visibility of orders in the system. This can complete orders faster and more efficiently. All of this is due to the kind of objective analysis brought about by good business process management. Without business process management, companies may not realize this inefficiency.

5. Maintain the core competitiveness of the enterprise

If a company cannot keep up with its competitors, they will find themselves quickly eliminated. This may cause failure. When your processes are repeated and inefficient, they are full of waste, which means you don’t have time to focus on R&grin or other steps, so that your company can better resist competition. This is because you will always focus on operations without simplifying business processes. Limiting innovation and allowing waste to accumulate further reduces your speed. When business processes are reliable and efficient, your business will have more resources for growth and development.

6, through business process management, you can more easily retain customers

Enterprises often have difficulty acquiring new customers, and retaining them is even a bigger challenge. However, the ROI of retaining customers is much greater than that of converting new customers. The cost of doing so is lower, and over time, existing customers can provide more profits. When you improve metrics such as productivity and innovation, your customers are more likely to be satisfied with your business. This leads to improved retention. If you can adjust the use of BPM to create a better customer experience, then you will get a generous return. This is important because 67% of customers say that bad experiences are the main reason why they give up products or services. You can further establish this by linking customer support, success, and terms of service with other company activities through an integrated BPM approach.

7. Business process management leads to cross-departmental collaboration

Everyone in the company must work together on the same page to achieve a common set of goals. BPM helps improve cross-departmental collaboration, thereby bringing huge benefits to the company. Without business process management, different business domains may have no idea how their processes are related or conflict. This happens in two ways. First, in the process mapping and standardization stages, different business areas and teams must communicate with each other. They must determine the sharing process, determine the redundancy, and understand where shared information and expertise may be beneficial. Next, as the strategy created through business process management continues to be implemented, this collaboration will be promoted.


8. Business process management improves security and compliance

Usually, security and compliance issues are caused by a lack of transparency. For example, an important task controlled by a business area has not been properly supervised. It was later discovered that the existing process to accomplish this task violated compliance standards and may even be unsafe. As a result, the company may find itself violating laws or standards set by various government organizations or licensing agencies. By using a comprehensive BPM plan, these processes will no longer be in darkness. Instead, make stakeholders aware of compliance issues, be able to better understand any changes, and ensure that all processes meet internal and external security, compliance, and security standards. This can help reduce liability and safety issues
If you need a tool to manage your business, why not choose yeeflow? It really can bring you huge benefits!
for more details about Yeeflow, you can click the following link
https://www.yeeflow.com/
Re: Which Benefits Can BPM Software Bring For Enterprises? by BenSherman228(m): 2:33pm On Aug 06, 2020
I prefer Engage process. I have been using this software for business process management for a long time and it fully meets all the needs of my company. I also like that the product is not only designed for process management, it also allows you to work with topics such as continuous improvement and digital transformation, it also analyzes your processes, view statistics and create reports and reviews tailored to each target audience.

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