1. Increasing Agility
The business world is transforming at a rapid pace. Your company needs to keep up if you want it to remain competitive. One way of ensuring that is to quickly adapt your business processes when new conditions and requirements arise, such as when new regulations are promulgated or a competitor makes a breakthrough.
According to 2018 emerging BPM trends published by BPM Online, 49% of businesses around the world said additional investment in BPM is needed due to potential changes in their organizational structure.
Most people think of BPM projects as an effective way to create and implement a set of procedures for existing core tasks. However, BPM also helps teams to quickly reevaluate their operations and generate business processes designed to meet changing conditions.
They are able to do this because each step of the process is documented, providing business process management teams an existing base of knowledge they can quickly refer to whenever they need to
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