What is Business Process Management

Managing a business involves a variety of processes and responsibilities on the part of the project managers. What is business process management? Business process management (BPM) is a set of activities that helps the businesses to run more smoothly. These processes figure in all stages of the company's activities from the starting stage to the final sales.

Business process managemeant mainly comprises design, execution and monitoring. The key components involved in business process management are risk management, business process modeling, business process outsourcing, employee motivation and product inventory. The main advantage of business process management is that it can be remolded as well as modified again according to the needs of the changing business environment. It can also be changed to cope with the new trends in the industry. By introducing a business management plan, core processes such as budgeting, capital expenditures, and administrative processes can be perfectly managed.

Business process management should be planned after considering all aspects of the particular business so that it will be the appropriate up to date system. Regular inspection and evaluation at different levels is needed to improve the workflow and also to enhance the work output of a business. If proper business process management is not done then those companies will not be able to attain their potential output. In such companies, the risk management will be poor, and they are more prone to pitfalls and future losses. This can even lead the business to a stage of collapse.

Nowadays, software tools are commonly used to aid business process management activities. These tools are known as business process management systems. These software tools carry out suitable process analysis so that negative consequences are nullified. Business process management systems make the designing and implementation of all business management processes cheap, easy and efficient.

Agile Business Process Management

There isn't any place where this is more clear than the business world.

Each Manager faces a consistently changing business environment virtually each day - from a worldwide recession to a rival launches a revamped offering.

Business Agility demands a quicker and better reply, and can drive a quantifiable increase in an establishment's cash and profits.

Sadly, IT often slows the business down by limiting the options available to management, and causing a delayed reply. This is an obvious result of the way IT applications have always been engineered. Today, IT applications are a mass of code and information and can't be simply modified. Consulting firms like Agilian leverage new IT paradigms like Business Process Management ( BPM ) and Company Rules Management ( ERM ) and supply IT and Business the power to align, conform to change, and grow, all quicker than ever. New application development with BPMS solutions from vendors like Appian, IBM, Lombardi, Metastorm, Savvion, Pega and others takes a small part of the time to build and change compared to typical development approaches.

By separating the guidelines from the application code, changes in business rules,eg a rise in sales tax, don't need any change or testing of the fundamental code, leading to quicker Time-to-Value ( TTV ) and phenomenal ROI. Bequest applications hold an establishment hostage to varying degrees of pliability and openness, making it difficult to act with anything approaching the essential sense of pressure that shareholders demand. Solutions from sellers like OpenSpan and eglue provide an inexpensive way of integrating and augmenting existing applications to accommodate for change, even for the most firm and obscure bequest applications. Agilian harnesses the power of best-of-breed Business Process Management Apartments ( BPMS ), Service-Oriented design ( SOA ) and Concern Rules Management ( ERM ) solutions, giving companies the actual customised resources critical to develop, reinforce and integrate business applications quicker and more effectively across the organization and reach it and Business Agility. Following are some benefits from which you can get to find out how corporations can become successful by trying this kind of software.

The refinement can be done with help from that info which appears shortly after the running processes together with the first configuration and the design exercise. The application monitoring makes sure the improved potency in the general management infrastructure and also permits the application testing together with the performance. With the great improvement in the visibility and potency, BPM have a capability of making the business fully clear. The blockage can be seen and then steps can be taken to remove it. You may be ready to see the delays which are coming to you and are making becoming difficulty for you. You'll be able to manage early the stages where there is blockages are coming in the way. Whenever there'll be an obligation of some info, you can get every sort of info and exchange that has been made.

You can also make references really simply for any sort of needed info to be consulted. By the use of IT in business processing, there comes a change in the processes manufactured by diverse businesses as by making them quicker and more trustworthy by reducing the work burden.

What is Business Process Automation

Business Process Automation or BPA for short. This was a buzzword a few years back with anyone and everyone claiming they were experts in this area. Maybe so. But to really realize its true potential you need to understand what business process automation is and why you will need it?

If you own/run/manage a business, take a look around yourself at the daily activities you perform to run your business effectively and efficiently. If you do observe closely, you will quickly notice that you (or your staff) do perform a lot of tasks that are generally repetitive in nature or they may be administrative tasks; tasks that you have to perform and are necessary to run your business.

Let me elaborate that with an example. A customer calls and enquires about a product you market. You tell the customer you will send a product brochure. You take all relevant information like prospect name, address etc. and walk over to your secretary. Your secretary takes the information, chooses the appropriate brochure, creates a covering letter, puts it in an envelope and mails it to your customer. Sounds familiar, right?

Well, what if I told you that process automation automates the entire process above using the Internet? And all with zero involvement from you? Or anyone else from your organization? Would that be cool? Let me help you visualize it.

Your prospect comes over to your web site, browses and is now seeking more information on a specific product. You have the prospect fill in all relevant information from within your web site. When the prospect submits the information, your web site will automatically save the information electronically in a database and send a personalized email to your prospect (i.e. thanking him/her for the enquiry and providing instructions to download the brochure). Your system can also follow up automatically after a few days with that specific prospect asking if they have any other questions or if you could be of any help.

This is, in essence, business process automation. You are automating the different business processes within your business. The beauty of automating this is the zero-involvement from your business. Let's take this a step further. If the prospect does decide to buy the specific product, they can purchase it directly from your web site (via a shopping cart). Your web site will already know what your prospect had received so you can "speed up" the process by simply collecting payment information over a secure line, process the transaction and then send new shipping details to your customer. The prospects details now go into the customer database (because you have converted a prospect into a customer). The order details automatically get sent to your order-processing department for order fulfillment. When the order is shipped, your order-processing department updates the "system" with ETA for the product. Your customer can now automatically track the status of their order. And you can actually get an overview of how many orders were received, shipped, transacted; all through a browser. Even if you were holidaying and were miles away from home/office.

Can you think of all the costs you have saved by automating routine, mundane tasks that have typically needed human intervention