Business Process Management (BPM) and related concepts
BPM is a management methodology of recognized prestige and tradition in the business management environment and, in general, organizations of any kind.
All organizations work through business processes, either explicitly or implicitly, with an formal or informal definition of this; and by manual, semi-automated or fully automated actions although, in most cases, these processes are supported and only partially automated on applications that form “silos” or isolated groups of information (data, transactions, documents, emails and others).
This is done with few or no automated interactions between them, with the need to accomplish many manual tasks in the pre-transactional, and post-transactional phases of the processes and even transmitting data and documents form one tot another silo.
Hundreds of BPMS platforms have emerged along he last 10 – 15 years which have allow enterprises to facilitate the benefits of business process management through automating and optimizing the business process workflows.
Differences between BPMS, RPA and ERP
Within the business world, terminologies such as BPMS, RPA and ERP are very common, and such abbreviations may cause confusion to some. Therefore, we are going to display here the differences between them.
Business Process Management Suites (BPMS)
Encompasses components such as business analytics, workflow engines, forms builders rules engines and aiming to improve business process efficiency by implementing BPM processes what is more than a slow and transformational process, aiming to improve business processes gradually over time.
The effects of a successful and efficient BPM process implementation can be very beneficial to a business in the form of cost reductions, improved efficiency, agility, flexibility, compliance to regulations and productivity although normally requires high effort to implement and then to maintain updated.
Robotic Process Automation (RPA)
Consists of “bots” or robots which are programmed to complete a business process, instead of someone doing it manually
Instead of a slow and transformation process (BPM), this is an fast and instantaneous action. As there is no a lot of training or coding required with the implementation of RPA, no substantial effort is required.
RPA consists of minimizing the amount of manual processes in the workflow, meaning that successful RPA implementation would ensure cost reductions, time efficiencies and increased productivity.
Enterprise Resource Planning (ERP)
ERP is a management application that collects, stores and retrieves information from a database, allowing customers full access to do so when necessary.
It centralises all information in a system which therefore allows for the streamlining of information.
All processes are connected end-to-end and allows for a clear view of customer, and better connectedness to them which provides better service and improved teamwork efficiency with information being clear.
Tags: ERP, BPM, ERP, RPA, Workflow,