To take this a bit further, it is difficult to quantify indirect ROI. Yet, this might be due to some confusion around calculating ROI for BPM initiatives. Some argue that BPM, when generally applied, often fails to meet its expected ROI. Some, however, remain wary about some of these arguments, claiming that businesses can be trapped into a particular solution that can lead to a downward spiral of inefficient ways of operating and costly adjustments when systems need to be modified. Nonetheless, it is important for companies to be mindful when adopting BPM because it can be easy to make errors that could impact profitability since it can be quite easy to miss relevant opportunities and focus the BPM initiatives on the wrong things. Further, iBPMs can be utilized to increase organizational productivity and efficiency - when executed correctly. iBPMs, in particular, when used to automate repetitive tasks and to cut unnecessary expenses, can be remarkably effective. In fact, BPM implementation offers significant advantages, some of the key benefits contain immense cost savings and the minimization of manual effort.Īutomation also enables organizations to prioritize the development and growth of specific business processes more efficiently. Many renowned software analysts, who openly recommend business process management solutions, readily reinforce BPM’s enormous potential. Intelligent Business Process Management software (iBPMs) has become a hot topic in the current era of automation and digital transformation.
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