By Michael Forster, Chairman/Chief Executive Officer CommerceQuest Inc.
Abstract: Given the competitive nature of corporate business, companies are constantly seeking the most effective ways to improve productivity and maximize monetary gain. Consequently, companies are demanding more control over their business processes. Serving as a bridge that joins technology with business, business process management technologies aid streamlined workforce efforts, reduced task times, less process variation, and more predictable results. This, in turn, makes the business more robust and profitable.
Business Process Management or BPM, is the practice of improving the efficiency and effectiveness of any organization by automating the organization's business processes. BPM used to be also know as Business Process Reengineering (BPR).
Many companies have business processes that are unique to its business model. Since these processes tend to evolve over time as the business reacts to market conditions, the BPM solution you choose must be easily adaptable to the new conditions and requirements and continue to be a perfect fit for the company.