measuring bpm software roi and its benefits in risk management process automation

MEASURING BPM SOFTWARE ROI AND ITS BENEFITS IN RISK MANAGEMENT PROCESS

AUTOMATION

Contact us at Email: [email protected] | Web :www.skelta.com | Tel: 1 678 306 4110

INVENSYS SKELTA

• Invensys Skelta is the recognized industry leader in .NET based BPM technology through its product – SKELTA BPM.

• Skelta BPM offers 100% embeddable, enterprise class, BPM solutions to help organizations achieve operational agility.

• Skelta BPM provide easy way to deploy, web based process workflows across the business latitude and puts the control directly in the hands of the users.

• Skelta BPM has consistently helped customers achieve their BPM objectives and enhance operational efficiency through: Strong and robust product line Mature solutions framework (Accounts Payable, Leave Management,

Document Management System, BPO Management, e-Governance etc) Evolved Professional Services for a seamless post sale experience


SKELTA BPM

• Skelta BPM software product offers advanced solutions and a complete set of tools for creating, executing and optimizing business processes.

• 100% embeddable web-based architecture offers unlimited opportunities for application development to build BPM solutions, seamless integration and rapid scale up for automating any number of business processes

• Users take control of managing and making critical changes within their processes in a familiar web based environment

• It provides an easy business process modeling environment through its visually-rich Microsoft Visio like user-interface with support for advanced queue management and multi channel alerts


• Complete visibility over all enterprise processes – manual, undocumented, and automated

• Better alignment of enterprise objectives to processes through centralized process management

• Eliminates duplication of process management efforts

• A one-stop solution for all BPM needs for process analysis, discovery, design, execution and monitoring

• Enhanced control over changes to processes

• Seamlessly integrates with legacy systems thus ensuring better ROI from your IT investments

• Provides a low risk, high value entry to workflow enabled processes in your enterprise

KEY BENEFITS OF SKELTA BPM


MEASURING BPM SOFTWARE ROI

• As mentioned earlier, unlike any other software investments where financial tools are primarily used to determine ROI, the ROI on BPM software can also be measured in terms of non-financial metrics

• Hence business and financial metrics must go hand in glove to gain proper understanding of a BPM project ROI

• The obvious advantages of migrating manual processes include: Shorter cycle times Consistency and compliance Audit trails Process visibility

• Automating lateral processes bridges gaps that exist between different business applications and productivity tools. So process automation certainly impacts productivity, profitability and customer satisfaction


IMPROVED COMPLIANCE

• Robust BPM platforms provide a powerful framework that can enable creation of multiple risk management, compliance and internal controls based initiatives. BPM platforms have the capability to meet key requirements for Risk Management including:

– Powerful integration capabilities that allow for dynamic data update, real time process views and immediate risks associated with each process

– Graphical user interface for organizing risks and controls and doing away with abstract data

– Reduced bottlenecks in workflow leading to better controls and pro-active compliance management


– Ready to deploy broad compliance frameworks as well as powerful internal controls methods to meet sustained and long-term returns on investments in BPM

– Centralized repositories for all documents and evidence of compliance

– Dashboards for easy review of adherence to processes

– Definition of workflows for executing test plans and mitigation strategies

– Maintenance of audit trails for each compliance activity

– Collaborative environment for quick remedial procedures

– Workflows for reviews and self-assessment of processes, risks and associated controls

IMPROVED COMPLIANCE


COMPOSITE APPLICATIONS AS ROI

• Any organization can be divided into departments and departments into further de-composition of functional processes

• Many of these are available as complete or partial functionalities in core applications

• Composite applications can span business functions such as Sales, Operations, Billing, Finance, HR and admin processes. Some possible examples of composite examples can be:

Sales: Lead management, Sales forecasting and analysis Infra processes: Capex Approval, Purchase Requisition process Operations: Help Desk, Change management process, efficiency optimization HR: Exit process, Time sheet management process, Performance management

To Read more visit : http://blog.skelta.com/post/2014/04/17/Identifying-ROI-from-BPM-projects.aspx


SKELTA BPM

http://www.skelta.com/

Corporate Address10900 Equity Drive,Houston, TX 77041 USATel: +1 678 306 4110

R&D / Innovation Center:Invensys SkeltaSalarpuria Touchstone,Sarjapur Outer Ring Road,Bangalore - 560 103 IndiaTel: +91 80 4060 2600


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