In the era of fast changing world where there is hardly time to catch up breath, we still must care about the core and that is business process management. Business process management is used around identifying and documenting core business processes within the organisation. It also focuses on everything around core business process like roles, responsibilities, time taken from A to B, inputs required and outputs expected.
Although a lot has been done by companies to manage business processes effectively, identify core ones to keep in house and noncore to outsourced to manage through the vendors. With all the more fast changing needs and directions of business is making companies to increase their focus on business process management.
Business process management is important and seen useful because of following,
Good business process management ensures,
Great returns in terms of process automation and use of technology to enable & enrich the business user’s experience
Agility to be able to identify and change as per changing business needs
Ability to create one understanding of the business process flow across the organisation
Ability to identify and outsource or buy business as a service for non core business processes
Ability to better control and comply with audits and regulatory needs
Bad business process management leads to,
Poor response to changing business needs requiring business process change
Agility to adapt only for local situation leading to duplicity and unmanageable change
Duplicate business processes and their automation for various locations due to slightly different adaptation in different places
Increased business process management, trainings and IT costs
Unclear understanding of business processes would lead to control, compliance and regulatory issues
No matter how fast the change becomes, its still very essential to have full ownership and effective business process management in place. The value of the same is long lasting and could be the make or break of the success of the company.