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How To Set Up Strong Business Processes

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A business process is the basic building block of a business function. It is a set of tasks that a group of individual stakeholders must perform to reach a specific goal. The main advantage of having business processes is the optimization of resources.

A business process gives direction to simple tasks and helps individuals streamline their activities. It ensures that the tasks are being performed in the most efficient way possible.

Business processes help stakeholders focus on long-term business goals along with short-term business goals. Business processes also improve communication between departments and help establish clarity regarding the objective of the tasks.

Business process management is hence an integral part of modern businesses. It focuses on the overall improvement of all end-to-end business processes in an organization.

Setting up strong business processes is essential. A strong business process framework ensures that all the resources in the organization are used to their full potential and in the best way possible. It also helps in unifying teams and increasing the efficiency of cross-functional teams.

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How to Use Low-code Development to Advance Business Process Management

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How low-code development platforms advance business process management and eliminate the costs associated with custom coding.

Adaptability and continuous improvement are two of the defining characteristics of any modern business. More than ever, success is determined by the ability to scale and adapt a business’s workflow potential in line with constantly changing demands. Business process management, or BPM, is a proven discipline intended to tackle these challenges.

BPM is the technical evolution of concepts that long predate it, such as task management, the division of labor, and production. Over the past decade, organizations have started using BPM to analyze processes, measure performance, and discover opportunities for improvement – all with the goal of improving efficiency.

Today, intelligence and automation are integral to BPM, hence the rise of the term intelligent business process management, or iBPM. Intelligence and automation come in various forms, such as the digitization of business rules and intelligent process mining. Repeatable tasks are automated, with little or no human intervention required.

The main value proposition of iBPM is the intelligent collaboration and orchestration of people, connected devices, and applications in pursuit of business goals. However, to make informed decisions and better serve customers, businesses need the right tools for accessing mission-critical information in the right context.

In many organizations, that information is scattered across a disparate array of off-the-shelf and custom-built applications. Applying iBPM to such a fragmented environment ranges from difficult to outright impossible. As a result, workers are less efficient, and customer experience suffers.

Low-code development platforms (LCDPs) offer a better solution by bridging the gap between the inherent limitations of off-the-shelf software and the high costs of developing custom apps from scratch. LCDPs enable the rapid delivery of custom business applications and empower those on the operations side to become citizen developers.

In this article, we will explore how low-code is a valuable asset to BPM.

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What Is a Business Process?

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A business process is a set of comprehensive tasks and steps performed by company stakeholders to achieve an existing organisational goal or objective. Your business productivity is defined by your company’s ability to manage its business processes and delegate existing resources towards them. This process is known as business process management.

Managers are slowly realising the utility of business process management. The global business process management industry is expected to be worth between $13 billion and $14 billion by 2021. Business process management can help your business automate and optimise business activities to achieve targets and milestones much faster. Read more

How Do You Manage Tasks?

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Building and managing a business empire is extremely challenging. Lack of direction and ineffective allocation of tasks can threaten an enterprise’s status. 75% of the companies fail within the first 18 months of establishment. All it takes is one oversight, one clerical error, or one operational mistake to jeopardise a project. This is why, in the time-specific corporate world, task management is a crucial practice.

Task-management is a process used by managers to start, execute and complete a task through its lifecycle successfully. It helps teams identify the tasks that need to be done, set deadlines for their completion, and assign them to the various departments and team members. Tasks concerning sales, resource-allocation and operations require extreme scrutiny, detailed descriptions and in most cases, an automated workflow to support managers. Read more

What does BPMN mean?

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Business process management is a vital component of all business operation procedures. It’s crucial to companies for automation, modulation, and optimization of workflows and business activities. According to Forbes magazine, companies lose around 20% to 30% of their revenue due to ineffective processes. A standardised modelling solution is hence needed to save businesses from crashing. This is where BPMN comes in.

Business Process Model and Notation (BPMN) is a standardised flow chart representation method that visually depicts the sequence of a planned process. It is a powerful tool that aids business process management and makes interdisciplinary coordination easier. It communicates everything from messaging-flow between participants to varied tasks for the members involved. BPMN is the base for business process diagrams (BPD). Read more