- Business process management (BPM) allows businesses to streamline and automate their processes in a flexible and scalable way. BPM software provides a range of features, such as workflow design, process simulation, and analytics, that can help businesses to improve efficiency, reduce costs, and increase customer satisfaction. In contrast, custom applications are typically tailored to a specific business need, and may not be easily adaptable to changing requirements. Additionally, BPM software often has a lower total cost of ownership than custom applications due to the BPM vendor’s ability to spread development costs across many customers, while custom applications require the business to bear the full development costs.
The Benefits of Business Process Management for Streamlining and Optimizing Business Workflows
BPM is better for business owners in maintaining business workflows because it provides a number of advantages over manual or custom-built solutions:
- Visibility and Control: BPM software provides a centralized platform that allows business owners to monitor and manage their processes in real-time, making it easier to identify bottlenecks, optimize performance, and ensure compliance.
- Scalability: BPM software is built to handle complex and changing business requirements, making it easy for business owners to scale their processes as the business grows.
- Automation: BPM software automates repetitive tasks, reducing human error and increasing efficiency, freeing up time for business owners to focus on more strategic tasks.
- Collaboration: BPM software provides a collaboration platform for different departments and teams to work together on processes, improving communication and coordination.
- Continuous improvement: BPM software provides analytics and reporting tools that allow business owners to track and measure the performance of their processes, identify areas for improvement and make data-driven decisions.
- Flexibility: BPM software can be easily configured to adapt to the specific needs of the business, providing a level of flexibility that custom-built solutions cannot match.
Overall, BPM software provides a more efficient, effective, and scalable solution for managing business workflows, allowing business owners to focus on growing their business rather than on managing their processes.
Learn more: Comparing IBM Business Process Manager and Bonita