How to reduce costs with BPM - The promise of Business Process Management - part 3

If you want to reduce costs in your business, BPM can provide valuable help.

For casual business users, BPM will improve the process and the way work gets done. By eliminating waste and reducing non-value added tasks, more time can be spent were your customers are willing to pay.

 BPM-systems will also automate manual and repetitive tasks such as creating reports, fetching data from different systems, sending email, creating instances and such. For IT-professionals BPM can also reduce the need for costly customization-jobs and integrations among systems. If your company considers consolidation as a way of reducing costs, BPM can replace a huge amount of systems with its powerful process-engine making it suitable for many case management and workflow applications. However, in the digital age investments in IT will be considered a competitive advantage just as industrial robots was for the automotive industry a couple of decades ago.

Let’s you give two examples from different industries...

Investment process

Benjamin Franklin quoted time is money - How about a lead time reduction of more than 60%?

Investments, major projects and costly purchases all need to be carried out in a structured and well-defined process to mitigate risk and unpredictable costs. This preparation process is often designed in a process diagram and well-kept in a desk drawer were no one can find it. Investment requests are often handled manual and follow routines from each stakeholders head. This process is therefore slow, costly and hidden in between people’s minds. With transparency added from a BPM system, inaccuracies may arise early, duplication work can be reduced, traceability can be added and manual work can be condensed to what’s really necessary.

Auditors will applaud the added traceability and business users will welcome faster processing of their business needs. A better business operation can in turn yield even better savings. What if your Projects ROIs can be realized faster? How much is your time worth?

Maintenance planning and information process - Less frustration and more fixing 

As with most maintenance and changes to big machinery’s, plants and transportation networks, planning is crucial to minimize the costs for the stop and the maintenance work. Not only is it important to have the process clear and well communicated. It is important that all staff follow the routines. But that can be easier said than done. With BPM it is possible to design the complete process involving HR, Production, Maintenance, Managers, Vendors, and Communication department. In that way it is easy to define roles, responsibilities and the workflow. However, the BPM solution also ensures that things get done. The system will guide the users to perform their task in a correct manner, on the right time and with the desired result. At the same time, other stakeholders in the process will get notified so they can do their contribution on time. Smooth operations together with added transparency will reduce the costs of all parameters. We have witnessed cost reductions of more than 15M USD a year, and that’s a lot of money!

Contact us today, and we will welcome the opportunity to listen to your matters and share our insights with you. Visit www.bariumlive.com

This is the third post in the series The Promise of BPM

Here you can find part 1 and part 2:

https://www.dhirubhai.net/pulse/promise-business-process-management-how-increase-revenue-selander?trk=prof-post

https://www.dhirubhai.net/pulse/increase-customer-satisfaction-improved-delivery-part-selander?trk=prof-post