Business Process Management
Until recently, mantra for organizations trying to improve their business processes was business process reengineering. However companies have learned over time that one-off process realignment does not work. Processes are dynamic entities that evolve continuously and require constant monitoring and enhancements, and this is only possible through Business Process Management (BPM). It is important to understand that far from being a point solution, BPM is an approach to automate complex process across multiple solutions, business units and trading partners, using software solutions. And in process-rich industry like banking, BPM can play an extremely critical role to help increase efficiency, reduce costs and improve staff productivity.
However, managing the business processes is not easy. More often than not, business processes are complex in nature, span across multiple systems and involve interactions across several business units and trading partners. Applications, on the other hand, are not designed with cross-functional business requirements in mind, they are designed to perform a particular function or solve a particular problem. So to keep a particular process operating smoothly, employees devise workarounds and links between applications such as manual transfer of data, telephone conversations, fax, email or simply, face-to-face meetings. With such a state of affairs, organizations are not able to achieve maximum operational efficiency, nor are they equipped to deal with change if business processes evolve, as they inevitably do.
inter-Vision BPM suite, developed within this concept, lets you design, automate, monitor and improve revenue-generating processes continuously, to drive growth, reduce cost, and optimize execution across your business networks. inter-Vision BPM suite enables you to manage your organization, by responding to the needs of your processes more effective, more efficient, more reliable way with less labor. This way automation of business processes becomes the standard because of the operational risks descends to minimum.