It is all well and good to understand the wonders of Rapid Process Discovery (RPD) and the industrious nature of Digital Process Automation (DPA) within BPM (Business Process Management), but let us look at the numbers. How do companies statistically benefit from implementing RPD and DPA in their business processes? According to research, process mining decreases the robotic process automation (RPA) timeline by 50%, increases business value by 40%, and reduces RPA project risk by 60%. As DPA is used to automate more complex end-to-end business processes, process mining proves to be just as invaluable, if not more, to DPA as it is to RPA. Gartner research shows that 30% of a full-time accounting department employee's time is spent on avoidable rework. When processes are digitally automated, "this equates to savings of 25,000 hours per year at a cost of $878,000 for an organisation with 40 full-time accounting staff." As for the phrase "money talks," Denis Bensch, CIO of FlowCentric, says that "data without action is meaningless." So, now that you have heard the money talking, here is how to listen.
Step 1: BusinessOptix
BusinessOptix is your RPD software solution for process mining, process modelling, and process simulation. It builds the foundation for FlowCentric Processware and enables companies with foresight through a powerhouse of features:
- Process discovery with process mining gives you the data on how your processes are orchestrated by identifying variations and inefficiencies that go unnoticed in the theoretical models.
- Modelling and optimisation with process modelling visualises your workflows to uncover inefficiencies and optimises processes for better performance.
- Simulation with process simulation lets you experiment with different scenarios in a virtual environment. By simulating the impact of potential changes before implementing them, you can adjust to ensure the best potential strategy.
- Visualisation with RPD gives you a visual representation of your processes, making it easier to communicate insights and improvements to stakeholders.
Just as the Oracle helped Neo in The Matrix, BusinessOptix helps companies to uncover their processes. By utilising these powerful features of BusinessOptix, companies gain unparalleled insights into their workflows and can better strategise their processes moving forward.
Step 2: FlowCentric Processware
Much like the diligent bees in a hive, FlowCentric Processware works tirelessly to streamline and automate complex business processes. As a comprehensive BPM platform, FlowCentric Processware empowers companies to get the most out of their processes:
- Integrating FlowCentric Processware into existing systems is seamless, ensuring data consistency and reducing manual data entry.
- Automating repetitive tasks ensures adherence to policies and procedures and reduces the need for extensive training and supervision, allowing employees to focus on strategic activities.
- Monitoring processes in real-time grants insights into performance metrics, enabling companies to identify areas for improvement. This ensures that their processes are always aligned with their business goals.
By integrating Processware into your BPM strategy, manual intervention is reduced, operational efficiency is enhanced, and it supports Green BPM practices, allowing businesses to align their processes with sustainability principles, such as reducing energy consumption and waste.
Step 3: Continuous Business Improvement
BusinessOptix and FlowCentric Processware work together for your BPM strategy, propelling your business processes towards continuous improvement and setting them up for success:
- Discover: Use RPD to gain a deep understanding of your current processes. Identify bottlenecks, inefficiencies, and areas for improvement.
- Model and Simulate: Create detailed process models and simulate different scenarios to determine the best course of action. Visualise potential improvements and their impact.
- Integrate and Automate: Implement automation using FlowCentric Processware to streamline your processes and ensure compliance with policies and procedures.
- Monitor and Improve: Use the data collected from automated processes to drive continuous improvement and implement changes based on real-time insights to stay ahead of industry trends.
Together, these elements form the backbone of a robust BPM strategy that will propel your business into a new era of excellence. Reap the rewards of RPD and DPA and become one of the powerful companies powered by FlowCentric Processware.
Join the ranks of the most powerful companies powered by FlowCentric Processware.
Request a call today to discover how FlowCentric Processware and BusinessOptix can revolutionise your business processes and help you achieve your strategic goals.
