Cost Reduction
Discover Sustainable Cost Reduction
Optimise Your Business Spending
Regardless of the size and scale of the business, slashing costs and expenses are the top priority for every business leader. However, many struggle with where and how to start. Randomly trimming expenditures across the board or squeezing the budget does result in some cost savings but it is not sustainable. With PRIME BPM, you can successfully reduce operating costs by gaining a complete overview of your expenses and devising a long-term cost reduction strategy.
Achieve Cost Reduction with PRIME BPM
Know your Expenses with Process Analysis
Easily create end-to-end current-state business process maps for each process in the organisation and analyse the process for cost, time and value to identify cost reduction opportunities. Use the inbuilt analytical engine to understand crucial data, such as total cost of doing the process, cost of any delays in the process, resource cost and utilisation. Armed with these insights, you can take informed actions, such as eliminating the repetitive tasks, rerouting the tasks to a lower-cost resource, removing delays, etc., to achieve effective cost savings.
Know your Expenses with Process Analysis
Easily create end-to-end current-state business process maps for each process in the organisation and analyse the process for cost, time and value to identify cost reduction opportunities. Use the inbuilt analytical engine to understand crucial data, such as total cost of doing the process, cost of any delays in the process, resource cost and utilisation. Armed with these insights, you can take informed actions, such as eliminating the repetitive tasks, rerouting the tasks to a lower-cost resource, removing delays, etc., to achieve effective cost savings.
Understand Resource Requirement
Using the analyser module, recognise non-value-adding activities and how much money and time is wasted performing these activities. Use this knowledge to focus only on the business-value adding and customer-value adding activities. By eliminating waste in the processes, clearly understand the right resource requirement and optimise process cost.
Understand Resource Requirement
Using the analyser module, recognise non-value-adding activities and how much money and time is wasted performing these activities. Use this knowledge to focus only on the business-value adding and customer-value adding activities. By eliminating waste in the processes, clearly understand the right resource requirement and optimise process cost.
Standardise Processes for Cost-effectiveness
Use the PRIME BPM tool for cost reduction by standardising business processes. Compare processes from different business areas side by side to analyse each process from cost perspective. Once you identify which process is more efficient, take parts of one process and apply them to the other process to reach the most cost-effective way of doing things.
Standardise Processes for Cost-effectiveness
Use the PRIME BPM tool for cost reduction by standardising business processes. Compare processes from different business areas side by side to analyse each process from cost perspective. Once you identify which process is more efficient, take parts of one process and apply them to the other process to reach the most cost-effective way of doing things.
Determine What to Automate
Ensure cost savings by channelling your automation strategy in the right direction. Identify the areas in the process that are most applicable for automation, such as high-frequency, repetitive tasks that are prone to data entry errors and involve multiple people. Applying automation to these tasks will help ensure long-term cost reduction on account of reduced team member requirements and reduction in time spent on the tasks. Carry out what-if analysis and create as many future state scenarios as required to maximise cost saving with automation.
Determine What to Automate
Ensure cost savings by channelling your automation strategy in the right direction. Identify the areas in the process that are most applicable for automation, such as high-frequency, repetitive tasks that are prone to data entry errors and involve multiple people. Applying automation to these tasks will help ensure long-term cost reduction on account of reduced team member requirements and reduction in time spent on the tasks. Carry out what-if analysis and create as many future state scenarios as required to maximise cost saving with automation.
Streamline Digital Transformation
With PRIME BPM, analyse the current-state processes to identify information-intensive, manual tasks that result in delays/ lags in the process. Use this data to target your digitalisation strategy. This will result in significant time and cost savings, allowing you to free up resources and focus on your core business objectives. You can also simulate the ‘to-be’ digitalised process to analyse the impact and predict cost saving before the actual implementation.
Streamline Digital Transformation
With PRIME BPM, analyse the current-state processes to identify information-intensive, manual tasks that result in delays/ lags in the process. Use this data to target your digitalisation strategy. This will result in significant time and cost savings, allowing you to free up resources and focus on your core business objectives. You can also simulate the ‘to-be’ digitalised process to analyse the impact and predict cost saving before the actual implementation.
PRIME BPM Editions
PRIME Modeller
PRIME Modeller is an easy-to-use, professional
process mapping software designed for both business users and process experts
to help them create and maintain the organization's business processes.
PRIME Modeller
PRIME Modeller is an easy-to-use, professional
process mapping software designed for both business users and process experts
to help them create and maintain the organization's business processes.
PRIME Analyser
Identifying process issues and determining process cost, efficiency and time is now a click away. Easily identify non-value adding activities, compare process efficiency to the industry threshold, and analyse impact to manage change.
PRIME Analyser
Identifying process issues and determining process cost, efficiency and time is now a click away. Easily identify non-value adding activities, compare process efficiency to the industry threshold, and analyse impact to manage change.
PRIME Improver
Right from assigning improvement tasks to tracking percentage completion per improvement, manage your end-to-end business process improvement until success with PRIME Improver.
PRIME Improver
Right from assigning improvement tasks to tracking percentage completion per improvement, manage your end-to-end business process improvement until success with PRIME Improver.
PRIME Automate
Facilitating low-code, no-code process automation, PRIME Automate allows business users to easily get started on their process automation journey.
PRIME Automate
Facilitating low-code, no-code process automation, PRIME Automate allows business users to easily get started on their process automation journey.
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