Truths about Common Myths in BPM Industry

4 min Read

Business process management commonly referred is BPM is a discipline of involving any combination of modeling, automation, execution, measurement, and optimization of business activity tasks, in support of meeting enterprise goals. The objective of BPM spans into systems, employees, customers, and partners within and beyond the enterprise boundary.

How BPM works?

BPM is a systematic approach to avoid mistakes and the company can achieve success in goals repeatable you have to manage and improve the company’s business processes. BPM software helps the organization in defining steps that are required to be carried out in the business, mapping these definitions/business logic to existing processes, and then streamlining, automating, or improving these processes so that the steps taken to complete them are more efficient and properly measurable.

Every company wants to be successful so, in order to do so in this advanced market place, all you have to do is make sure that businesses continuously improving their processes and operations. However, some are still intimidated by BPM of how complex it sounds and have different prenotion. 

Common Myths about BPM

BPM software is too expensive

This is a false assumption about BPM software that it is way too expensive but thanks to cloud technology installment of BPM software doesn’t require large investments in hardware or infrastructure. Cloud computing gives organizations the option of choosing pay-as-you-go subscriptions, designed to fit with your company budget.

BPM is for large enterprises only

Whether it is a small or large business it can be benefitted by automation. Every business has its own specific goals which are needed to be fulfilled in order to run efficiently, implementing BPM software is not a one-size-fits-all approach. That is why BPM software like GoodFlow is a lot flexible on the basis of the need of the individual or enterprise. BPM software is not about size, it’s all about efficiency. If you are small to medium-sized business don’t ever think that BPM software is not for you and don’t let this myth turn you away from implementing a BPM solution, or even practicing BPM in your organization.

Training staff on BPM will be time-consuming

Not necessarily. BPM software makes it easy for you to manage and track all the business processes in your organization. There is software like Pega, Nintex, which indeed has a heavy learning curve. But on the other hand, there is software like GoodFlow, which is easy to use and easy to understand. Anytime with a few clicks you can record a workflow, with a simple drag-drop you can build an entire process or can pull up a report from the existing data.

BPM is way too complex

Business process management software is not complex as many people think that. In fact, BPM as a practice or methodology just seeks to implement process automation initiatives driven by human processes to improve operations throughout an entire organization. BPM uses a four-step method to create better process management to improve performance:

  • It documents all the existing processes and always keeping a record of the process from the beginning till the end.
  • Identifying performance statistics/metrics and using the findings as to the base for continuous process improvement.
  • After identifying in order to have the desired outcome improving the quality and efficiency of the process is necessary.
  • After all this managing the process through a flow of information is the last step.

BPM enables businesses to design, analyze, execute, monitor, and optimize important processes. Even the smallest processes can be handled by BPM software. It is a valuable software tool to generate a competitive advantage for businesses with cost reduction, process excellence, and continuous process improvement.

Advantages a company can see after implementing BPM software are:

  1. Efficiency- this is the most important aspect basis of which a business should install or invest in this software. Many aspects of business become operations become easier when there is software involved: from marketing to inventory management, accounting, and reporting.
  2. Automation- many aspects of business operations can be automated using BPM software. There are some aspects like expense, inventory, sales, salary, and overhead that can be automatically compiled. 
  3. A better glimpse of business operations- the use of BPM software provides a comprehensive look of business activities which can help managers or business owners to come up with more strategic plans.