Why Read This
Companies waste millions of dollars each year on ineffective and inefficient business processes. Many companies attack this waste with process improvement exercises using approaches such as Six Sigma, Lean, Lean Six Sigma, and total quality management (TQM). However, when automating, controlling, and reporting on mission-critical business processes, many of these same firms remain stuck using rigid packaged applications or expensive custom-developed solutions. Process analysis, automation, and transformation through business process management (BPM) suites increase collaboration across business and technical teams while providing the flexibility and adaptability needed to quickly change processes based on new competitive and economic threats and opportunities. Firms can realize a return on their investment in BPM suites within three years through impressive gains in business efficiency and worker productivity. This makes BPM suites a good investment in the face of challenging economic conditions and an increasingly competitive business environment.