5 Reasons your Company needs Business Process Management

Bigger, faster, stronger.

Find out why your company needs to implement BPM and fine tune every process to achieve the greatest performance.

With the power of Business Process Management (BPM), a business can keep all aspects of operations running optimally. For sure, BPM is a vital practice for any company in the market. Here’s a brief overview of the main reasons why your company needs business process management services and the potential benefits of it.

Business Process Management improves efficiency

It’s likely that there are many processes in your company that does not work as smoothly as they should. You know what, BPM is a great way to address this issue! For many organizations, a common challenge is that business processes are often ineffectual. This results in resource overload, an increase in waste, money and time spend.

The first step is to identify what has been done and what the current situation is. Afterward, you should analyze the future situation which you would like to achieve. Then, examine the gap between As-Is and To-Be and plan your steps in order to make the necessary changes. Surely, you will be able to reduce costs and save precious time and money with optimization of your business processes.

Business Process Management supports business knowledge transfer

People do leave for all sorts of reasons and everyone has to retire at some stage. So how do your organization ensure that business “know-how” doesn’t follow your employees out of the door when they leave? BPM can be a magnificent solution for this as it provides a clear method to capture and store key information. Latona experts recommend the best way to do this, is to present the information in the form of process maps. In this way, you make sure that business knowledge remains in your organization.

Business Process Management is a framework for Continuous Improvement

BPM provides an excellent framework for success if you want to implement a continuous improvement initiative in your organization. That is a long-term approach to making small improvements over time, as opposed to one big change that occurs all at once. BPM will let you throw a glance at your business processes and operations in order to make small, incremental improvements. And always remember, engagement of your employees is a critical factor for the successful continuous improvement.

Business Process Management supports the implementation of IT systems

The implementation of an IT system can lead to disharmony between business and IT departments. Especially if there is a lack of communication around the potential impact a new system may have on the organization. BPM can support the development and implementation of systems as it allows you to have an entire overview of what your business does and how it does it. Before you begin to implement any system, you need to understand what your business does and need. The impact that any change is likely to have on your organization, department by department is also very important. Any new system needs to support the business need. By taking a BPM approach you can model the outcome of your system before it is put in place. In that way, you will be able to minimize or eliminate any risks before they occur, as well as communicate the impacts.

Business Process Management eliminates isolated working

Many organizations can find that their main departments work independently and are not aware of what the other departments do. Most companies have big and expensive IT systems which were developed over the years but now are siloed. Especially when there are many processes that overlap several different departments this can cause problems. At Latona, we believe that taking a BPM approach will help to drop siloed working as the processes will become visible to the whole organization. This will also assist you in seeing where the different departments fit into the bigger picture and should encourage process analysis and improvement.

To compete in the digital environment of today, businesses must find ways to gather the benefits which BPM delivers. Otherwise, at best companies would miss out on profits and at worst they would risk being overrun by their competitors. Our belief is that a BPM approach will help a business innovate and transform its way to achieving more business value.

Business Process Management has, in fact, become a mission-critical business capacity.