What Are The Benefits Of Using BPM Software To Facilitate Business Process Management?
Financial Benefits of Business Process Management • Creates additional/new revenue • Creates cost savings through tax avoidance • Enables cost avoidance • Faster return on investments • Increases cash flow • Increases profitability of existing products/services • Increases revenue of existing sources • Increases stock price/shareholder value • Lowers cost of production • Lowers cost of servicing Organizational Benefits of Business Process Management • Builds company reputation • Creates new customer opportunities • Fosters company vision and mission • Improves market position relative to competitors • Improves the ability to serve customers • Increases competitiveness and ability to charge a premium Operational Benefits of Business Process Management • Decreases employee work loads for undesirable work • Elminates non-value added activities • Improves employee morale / team spirit • Improves internal communication between departments and groups • Improves use of workspace • Increases e
