Search This Blog

Sunday, June 21, 2009

How to Increase Your Profits With Business Process Management!

As the recession takes a firm grip on the British economy, this is an ideal opportunity to review your business processes and establish whether you are working to your absolute optimum.

So, how do you know if you are working to the best of your ability?
To any business, large or small, it can prove difficult to have an insight into every department, every lead, every deal and the general daily "goings on". A lack of process management can mean you often lose or mis-handle deals; you lack visibility to improve the efficiency in the business and as a consequence of many factors, your profits decrease.
What can you do to change?
Map and automate your business processes for increased profit!
Business Process Management (BPM) can eliminate waste and add value within your organisation, as well as becoming fundamental to your continued success. The practice of Business Process Management aids the implementation of a customer/sales focused approach to the management, measurement and improvement of all your company processes.
The benefits of Business Process Management

  • Increased visibility allows you to gain historical and real-time insight into your business operations allowing you to manage, change and improve them.
  • Ensure consistent execution of your processes by clear definition of what ought to be done, how, when and by whom ensuring effective sales management.
  • Report on key performance indicators in real-time for immediate or retrospective analysis for Management Information or Sales Reporting.
  • Automate many manual tasks and large portions of any end-to-end business processes, and benefit from your employees' skill, experience and judgment where it will have the highest impact.
  • Business Process Management will allow you to better meet sales targets through consistent execution.

The next step...
It's important to understand your current business processes and how they are managed from department to department. Once you have worked to identify those processes it is then possible to go on to look at implementing Business Process Management or a BPM solution across your organisation. The key steps in the implementation of a BPM system are to understand your processes, streamline processes, implementation, measurement and control and finally the continuous improvement and update of your system.
There are various companies which offer Business Process Management solutions, some are better than others, but it's important for you to establish the product that can be implemented with the most ease and that is most suited to you and your company.
On implementation of BPM, you'll see the benefits, reap the rewards and never look back!

Virginia Hull is an employee of Sawfish Software and specialises in business process management.

No comments: