Business process management (BPM) software is a mouthful when you consider the option alone. When you instead look at the benefits business process management software can deliver to the business and to IT, the measurable impact makes such an investment worthwhile.
Cordys is one player in the business process management field and its platform of next generation BPM, combined with cutting-edge cloud technology, allows customers to dramatically improve the speed of change and reduce cost. As a result, companies can fundamentally alter the way they innovate business operations. If this sounds like too broad a description, let’s take a close look at the benefits we mentioned above.
For the business side of things, there are four key benefits that can be readily seen and easily measured: faster changes, unparalleled innovation, continuous improvement and superior performance.
With faster changes, companies can significantly increase the speed of change and agility in their business operations, while also exploiting new revenue opportunities faster. Through innovation, companies can create a single view of the business, outperform competition and meet the demands of today’s market that do nothing if not change.
Through continuous improvement a company can design, execute, monitor, change and continuously optimize the quality of critical business processes with a closed-loop BPM. In addition, the organization can stay on top of new trends, reduce the time to market, accelerate growth, increase customer satisfaction and incorporate acquisitions much faster to deliver optimal performance.
When cloud technology is introduced into the mix, the business process management software benefits include flexible and scalable IT services without software deployment and maintenance. It can be configured on a pay-as-you-go basis to dramatically lower total cost.
For a company’s IT division, the benefits of business process management software include easy deployment as new processes and applications can be done on the fly and are designed to be predictable, on time and within budget. A reduced TCO allows the company to implement new processes and applications faster and cheaper.
Business process management software also delivers high security to IT as it takes a holistic approach to security throughout the platform for safe integrations with the extended value chain and the cloud. And, finally, BPM also promises no limitations, allowing for the building and changing of processes and applications without restrictions.
While not all solutions are a one-size-fits-all offering, you can easily see the benefits of business process management software that touch the business and the IT department to deliver a measurable impact.
Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.Edited by Erin Monda