The goal of approval management software is to replace approval processes with workflow automation. Do you have a complex approval process? Do you require more insight into the approval process? Is your approval process effective, but slow (i.e. missing deadlines)? If you answered yes to any of these, you could likely benefit from automating your approval processes. (more…)

If you want to run a successful business, there are financial terms you should familiarize yourself. For instance, you should understand the difference between CapEx and OpEx before you dive into strategic investments and CapEx project management. (more…)

Finance is probably one of the central departments of any organization. And for its efficient operations, streamlined invoice approval workflow comprises a critical function in this department. After all, your firm is in business to maximize profits. (more…)

First, we will explain to you what BPR is. The best business process reengineering definition is this. BPR “encompasses the envisioning of new work strategies, the actual process design activity, and the implementation of the change in all its complex technological, human and organizational dimensions.” – Thomas H Davenport (1993). Also, business process engineering is about creating a new value system and redesigning a workflow. Thus, the engineers have to come up with prototypes, simulations, and tests before they could implement the new value system. Organizations reengineer two key areas of their businesses. First, they use modern technology to enhance data dissemination and decision-making processes. Then, they alter functional organizations to form functional teams.

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Advanced technologies change the way property managers’ deal with different property-related management tasks. More and more satisfied property managers state that using property management software changed the way they work and perceive property management. (more…)

The definition of business process management (BPM) is broad but it can be slashed to a systematic approach to making an company’s workflow more effective and reliable for better understanding. This short definition highlights business process management importance for business, but not hardly foreground benefits of BPM integration into a business. Below we cover why BPM is needed and how business of any size can benefit from BPM technology.

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Faulty workflow models are fairly easy to recognize. When a workflow model has not been thought all the way through, you’ll discover work-arounds, delays, re-working and gaps where steps have been omitted. Substandard workflow modelling produces processes that are illogical and cumbersome. Organizations of all sizes and types are reaping the benefits of workflow modeling.

Read on for effective workflow management tips and get risk-free trial of Comindware Tracker to put tips into practice and boost your business effectivity right away.
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By Keith Craig:

AI will change the course of how project management tasks are delivered and controlled in the future.

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Accounts payable is an accounting entry that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. The accounts payable definition and meaning are universal across companies, but the ways accounts payable process is treated are specific in regards to certain business. It is obviously important to ensure proper accounts payable efficiency in order to have these debits paid off in time and avoid default, however a lot of businesses still lean toward manual processing.

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Changes in project workflow and the makeup of the workplace have impacted how many companies handle project management. Lately, there’s been an emphasis on communication and collaboration, and on finding ways technology can make projects more efficient and transparent across team members.

Let’s take a look at some of the biggest trends that are changing how companies get their work done in 2018:

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