For a business owner, accounts receivable is one of the most important company metrics and also one of the more confusing ones. It refers to outstanding balances owed to a business by other parties. Where possible, payees expect payment at the time a service or a product is provided, but businesses often have some form of financing that allows a customer or a client to carry a balance which is to be paid off over time. We can think of this as a quasi IOU from a customer or a client to a business.

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New year is on its way and we believe it is right time to get insight into workflow management system trends shaping 2020 and suggesting valuable ideas for improving your business effectivity. Recent years it got common for CIO to delve into workflow management through the lens of digital transformation, which is all about ensuring your business is ready to welcome the future and succeed. In this article, we’ll dive into the key workflow management trends with respect to digital transformation context and bring to recollection 2018-2019 trends which are still actual.

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“Workflow” is a broad term that covers any series of tasks that results in an outcome. The process of changing the oil in a car is a simple workflow, as is baking a cake, designing a circuit, or creating an annual report. The digital workflow definition is different just in regards to tools that are involved in the process management. These tools include the digital task manager instead of paper notebook, workflow engine that automatically routes tasks, system for tracking progress and reporting results. You probably know from experience that when you have a “system” for accomplishing something you tend to be more consistent and do a better job of it, because you are less likely to skip steps. (more…)

Visual workflow management is a technique, and it is adaptable to any organizational setup. One essential component of visual workflow management is developing processes that can be visualized from a “top view,” so that all steps in a process can be seen at once. It’s similar to how a flowchart works, but better because you can build automated steps into visual workflows. (more…)

Business process management (BPM) lets your organization have a systematic way of making workflows more effective, efficient, and adaptable. Business processes are activities that are designed to accomplish specific organizational goals, and the right BPM system can help make 2019 your best year yet.

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Workflow simulation is self-descriptive: it is the simulation of the steps of a work process from end to end. Users of simulation in business report high relevance of this approach for analyzing workflows. Meanwhile experts highlight that it is mostly focused on initial design of a workflow and less suitable for operational decision making and continuous workflow improvement. Here we describe benefits of a workflow simulation software for reliable support of operational decision in the context of workflow management. It can be particularly valuable when you have a workflow that you want to change, but you want to test out changes before putting them into everyday practice. Of course, the more accurately a workflow simulation mirrors the actual process it simulates, the more valuable it can be.

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Every business needs an automated software to handle daily repeated tasks, whether small scale or large scale. Process automation or automation system is used to automatically control a process such as chemical, oil refineries, manufacturing, and other industries.

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Over the course of net surfing for software solutions pertaining to IT management services, you are sure to come across a number of terms like ITSM or ESM more than once or twice. IT being the diverse field that it is, is full of acronyms that if unfamiliar with can be quite confusing.

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The world is evolving so as the technology age is with the introduction of rapid development. Improved ways of doing things, ideas are being brought up every day.

When building software, there are factors that developers consider such as design, functionality and integrating other features that will essentially present it to its users with a refreshing look. That is one of the reasons why building software needs good development models from the design, which people will attest in the appraisal or criticize with feedbacks. That is where Rapid Development comes into play. There are two of the best and most popular Rapid Development, the Agile and the RAD. We shall be discussing briefly what this rapid development means in essence.

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Sometimes you must make a concerted effort to root out inefficiencies and smart workflow management surely helps in this situation. Workflow process mapping is one of the most important steps in managing workflows smartly. Process mapping definition is wide, but shortly it can be explained as determining a business process success, analysis of how work is actually done and how work should be done in order to achieve process success effectively, and converting facts into a visual process map. (more…)