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As an owner of a small or middle-size business, you will always make long-term and short-term goals. To assess your progress toward the achievement of those goals, you should use various types of KPIs . A KPI (Key performance Indicator) is used to track the success level of a contract or project. In addition, this benchmark can be used by each department within an organization. Maybe you are still asking this question: What is kpi? To understand more about this measurement tool, and how it is used to measure service delivery and projects, read on.

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Workflow is the repeatable pattern of the activities sequence or steps that take place to complete a specific task on a regular basis. The flow being described includes tasks, documents or information that are passed to a proper workflow participant for action  in a sequence determined by actions or pre-defined business rules.

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Workflows may be a simple sequence of work activities, or a complicated collection of processes that take place in parallel. When a company’s methodology features workflow management system capability, the result can be more visibility into all stages of the process, better accountability among work team members, and improved efficiency overall. With the right workflow management solution, repetitive tasks can be automated, and better collaboration is facilitated.

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There are plenty of organizations today that keep an antiquated paper-based method for asset inspection. The latter is described by many people as multifaceted and multiple aspects in a normal organizational workflow that will scrutinize at every area of the business.

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Business processes require data to be efficient. However, more data is generated as the process moves forward and it has to be managed well to maintain the integrity of the processes being completed. Unfortunately, it can be simple for an employee or group of employees to stray from a business process to try and complete something faster. This type of straying can have a negative impact on the outcome and interfere with overall productivity, which can have a negative impact customer satisfaction. This can be expensive.

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It may be true that mistakes are just part of being human, though this mantra is inadmissible for highly intricate and stringent operations such as new account applications and loan approvals as well as other crucial banking workflow processes. However, despite this firm guideline, a lot of banks have endured irrelevant errors because they were extremely dependent on the manual paper-based procedures.

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Manual matching of invoices to other relevant accounts documents is the traditional method and the most common practice of the accounts payable process in the business accounting process and workflow management. However, in the span of time that this old-fashioned procedure has been observed and followed by various organizations, both in small and middle-sized businesses, it has been considerably noted that discrepancies were significant and avoidable. With this, business enterprises have been searching for the most effective method in the accounts payable workflow.

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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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Leading industry analyst group, Ovum, has featured Comindware in its “On the Radar” series. The report, titled “On the Radar: Comindware simplifies low-code development and process management”, discusses Comindware’s BPM software for development of enterprise business apps for all kinds of business needs.

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Companies of all sizes face workflow challenges. If you own a company with more or fewer than 50 employees or you are a department head who knows that the company is hemorrhaging money because of workflow problems, you need a solution. First, you must identify the problems to understand what is needed to solve them.

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