In simple terms, BPM (or business process management) helps define how the business should run, is running – and how to improve it. BPM does this by mapping out current ‘as-is’ processes, designing ideal process models, and governing adherence to these ‘to-be’ states.
BPM has been traditionally used to help maintain optimum process performance, and support with business pivots or the introduction of new strategies. At its core, it’s about helping people, processes and technology work in sync with these objectives. But recent years have exposed the limits of traditional BPM.
With business models outdated in the blink of an eye courtesy of accelerating, widespread change, organizations have found themselves constantly rebuilding the plane mid-air. It’s little wonder then that recent research finds 74% of businesses say their interest in BPM has increased. But the truth is conventional BPM isn’t agile enough to enable business strategies when complexity and volatility are now the norm. As a result, businesses are struggling to keep pace with a speed of change that’s accelerating faster than ever before.
It’s time to step into the modern process management era. Let’s set the scene.