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The threat of a global recession hangs over the world. The warning signs are growing louder by the day, with analysts and economists voicing their concerns. A huge wave of layoffs and hiring freezes across tech giants also tell the same story about the impending recession. Recession periods prove difficult for an organisation’s survival as sales go down and economic growth stalls.
What is the biggest issue that leads to delays, unrealised benefits and loss of momentum with BPM projects? A number of organisation, which fail to maximise the business value from their BPM initiative, have one thing in common—inconsistent and disconnected process management efforts across the organisation. Without any guidelines and rules, process management initiatives remain isolated, resulting in low, localised results.
As the business landscape continues to evolve rapidly, organisations are constantly looking for ways to do more with less to gain a competitive advantage. Hence, Business Process Management has become a necessity today. Many organisations have already or are actively looking at implementing strategic BPM initiatives. Business Analysts are responsible for analysing current business processes to identify improvement opportunities.
As technology undergoes rapid change, customer expectations are also evolving. The term fast and quick service has gained a new meaning. Customers are increasingly prioritising experiences while choosing a brand. As per a Forrester study, customers are 2.4 times more likely to stick with a brand when their problems are solved quickly. Likewise, a survey result shows that positive experiences throughout the customer journey will encourage 65% of respondents to become long-term customers of a brand.
What leads to the desired output from a process improvement initiative? There is not a one-point answer to the question as many elements need to come together, however, business process analysis is a key step on which the entire improvement initiative rests. After all, the improvement results will be based on the issues and bottlenecks identified in the current state process.
Business Process Automation and Robotic Process Automation, although serve similar goals, adopt different approaches and are suited for different requirements. In this blog, we will look at what is Business Process Automation, Robotic Process Automation, their differences, and the automation approach you should choose, as per application. In this blog, we will look at what is Business Process Automation, Robotic Process Automation, their differences, and the automation approach you should choose.

Many business process improvement initiatives start with a big bang but lose momentum mid-way. This is because organisations miss a critical step of assessing their readiness and putting a robust improvement plan in place.

What are the top 10 Features of PRIME BPM? PRIME BPM functionality is geared towards achieving long term productivity and efficiencies within the organisation.

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