Magazine

5 Benefits of Business Process Management that you must consider


paperfree Aditi Bansal

Updated on Monday, May 08, 2017

By employing the right business process management tool, you can significantly improve efficiency, increase customer satisfaction, team satisfaction, and full transparency of all activities across the organization. Business to business marketing processes can be streamlined to utilize minimal costs and give high returns.

tags  #Business process management  #Business Agility #

 

Original link:  https://www.comindware.com/blog/leadership/benefits-of-business-process-management/


Is your organization looking to go lean and improve cost efficiency? The right business process management (BPM) focuses on cost efficiency, customer satisfaction, and staff motivation. Every B2B company aims to minimize costs and maximize revenues at all costs. However, BPM has a whole lot of benefits some of which may not be realized in the short term but eventually adds value as the company expands into the global arena. It helps business managers to switch gears and adjust quickly to the dynamic business environment.

Let’s look at the top five benefits of business process management for business 2 business marketing:

Improved Business Visibility and Compliance

Dynamic legislation factors require businesses to keep on toes with flexible systems that can handle end-to-end compliance requirements. This saves your business costs that were never anticipated like reporting and penalties. You can build compliance within your BPM system by integrating department-specific applications with the overall organizational process.

Improved Customer Satisfaction

Savvy clients can be quite demanding and would require proof-of-concept (POC) processes to demonstrate how their needs will be handled through your self-service website. A foolproof business process management helps a company to link people with technology so as to attract and retain satisfied customers. For example, Comindware allows organizations to include other users with features that allow simple security settings for smooth responsiveness, customization, personalization, and access to information.

Improved Staff Satisfaction

Successful organizations have mastered the art of sustaining a rewarding working relationship with their employees to ensure that the employees feel motivated at all times. But how do you identify high performers in your organization? Business processes can be developed to identify dedicated professionals who save the company time and money. Comindware, for instance, enables better team collaboration and the managers have real-time visibility of employee engagements, and at the same time, employees can report higher performance since they have all the information at hand.

Higher Cost Efficiency

When an organization goes leaner due to global economic crisis, it’s no longer viable to simply slash budgets. Ideally, you’ve cut down everything, and there’s nothing left to turn to. It, therefore, makes sense to focus more on improving efficiency and making the most out of what you have. The best tool to drive cost efficiency is business process management by streamlining your operations, minimizing corporate risks, improving product quality, and automating repetitive tasks.

Revamping Business Agility

BPM enables businesses to be flexible in responding to organizational learning in the crowded marketplace which demands the use of ultra-flexible tools that you can simply design, transform, and deploy. Business agility incorporates three major elements that include process management, rule management, and integration and automation.



This page with a focus on Business process management, Business Agility was shared by Aditi Bansal.

 
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