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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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.
Microsoft® Excel™ is the default business tool in many companies thanks to breadth of its functionality and incredible flexibility. Over the years Excel users have leveraged its functionality to solve a wide range of challenges. For example, MS Excel is widely used for managing tasks and projects, tracking progress in Excel is also a widely spread practice. Have you ever thought of creating a workflow in Excel? A lot of people struggle to create Excel approval workflow and give up on trying one day. (more…)
Before taking a capital expenditure decision, take the best practice template, put it online, and have a streamlined execution process for your capital expenditure (CapEx) approval process: makes it transparent to the decision-makers and the task-owners.
How many times during the day do we multitask? We are so used to multitasking that we most probably do not even count. The problem is that unstructured work on parallel tasks often brings significant productivity loss that effects on all our daily activities and results generally. Some of the negative consequences of multitasking are:
A workflow diagram visually depicts steps and actions that define a process and how it should be accomplished. It shows how data and tasks flow through the steps, whether this is accomplished by humans or by machines, and it also shows under which conditions the process is allowed to continue forward. The flowchart is an example of a workflow diagram, but it’s not the only way workflows can be visualized.