Optimizing Your Company as Well as Your Business Processes…
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orginally posted 8-August-2010
Have many thoughts concerning business processes being used to optimize the economic strength of a company in today’s economy and found the following on PNMSOFT and could not really summize nor say it better myself…
Automating administrative and repetitive processes to increase the ROI, improve risk management and make it easier to track and report on financial decisions is paramount to a streamlined, efficient, and effective HRIS system.
If the company’s business processes have not been refined well enough to the information flow of their systems AS WELL AS the systems honed to the culture of the company, you will have headaches.
Assess and Reassess Your BPs
Re-engineering business processes to gain process effectiveness and efficiency is a must in many companies.
Deciding to implement automation to a business process in hopes to improve the ROI will only to see a bad process completed quicker.
Before any investment of resources to automate a business process, it is well worth the time and expense to perform a needs assessment to the system as well as to the process flow to see if it is the process that needs to be changed or if it is really just a need to eliminate the manual transactions from an already sound process.
Knowledge is King of ROI
It is also important to select the right resources for this assessment — hiring a company with sharp analytic skills does not necessarily constitute a lower ROI…
If anything everything will be smoother but the ROI will still be what it was or even higher…
Selecting resources familiar with the systems strength and weaknesses from an implementation and operational point of view AS WELL AS familiar with business analysis and business processing will definitely guarantee a better ROI…
Follows is the PNMSOFT article…
The current “credit crunch” is causing organisations to seek ways to save money, improve business results and withhold governance and regulatory compliance standards.
The Challenge – Optimising the Business
- Cost Reduction
- Risk Management
- Financial Planning
How does this relate to Business Process Management?
The ability to automate operational processes, making the business run smoother
The ability to automate the organisation’s supply chain and run money transactions, thus removing human mistakes, “red tape” and errors.
The ability to have visibility and transparency over the organisation’s processes thus enabling manager’s to make informed decisions.
The Benefits of using BPM to optimise the business:
Control and visibility, and timely accurate information
BPM provides visibility into the real-time status of an entire end to end process and any related activities for employees and managers. This visibility proves highly beneficial when deadlines are approaching or work items are overdue.
The automation of business processes
which in turn results in a structured and governable way of working.
BPM creates a culture of organisational and personal accountability by tracking and auditing individual’s turnaround time and quality of work.
BPM drives employee productivity by capturing and interpreting the business context of each task and proactively providing the worker with the content required to complete it.
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