Business & Productivity

What is Business Process Management?

Radzivon Alkhovik
Low-code automation enthusiast, Latenode partner
March 8, 2024
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If you are an aspiring businessman or entrepreneur and are at the stage of starting your own business or already have a large enterprise, the first question that should arise in your mind is how to make running your business easier. This is what our article today is going to talk about, namely business process management.

BPM Definition

What is BPM - Business Process Management stands for an approach to managing an organization by optimizing and automating business processes to achieve greater efficiency.

 This dynamic methodology, often abbreviated as BPM, revolves around optimizing and controlling various business processes within an organization. As we dive into the realm of BPM, we explore its advantages of business process management and the transformative role it plays in modern business processes.

In essence, it means effective business process management, providing a systematic and strategic approach to defining, executing, and optimizing business processes management. As BPM system stands for Business Process Management, it signifies a holistic methodology that addresses various aspects of organizational workflows. Workflow management businesses find value in adopting practices to achieve operational excellence and stable growth of any business.

Why is BPM important?

BPM automation stands out as a key aspect, where software and technologies automate repetitive tasks, reducing manual effort and minimizing errors. Business process management systems are instrumental in orchestrating complex workflows, ensuring seamless collaboration, and improving communication across different departments.

If you are just starting out and are interested in learning more about what business automation is, but you don't know where to start, there's a great Low-Code Automations for Beginners guide for you to help you start your first steps into business automation with Latenode.

The business process management lifecycle involves continuous improvement and adaptation to changing business needs. The definition of process management encompasses a strategic approach to business processes, and companies that embrace BPM management and guidelines principles often experience enhanced productivity and agility. Different services further contribute to this by offering tailored solutions to meet specific organizational requirements. More on this below in the article

Business process management provides a structured framework for managing and optimizing business processes planning. These systems, often integrated into workflows, play a pivotal role in aligning bmp business with operational activities. BPM examples and BPM case studies illustrate how organizations benefit from bpm implementation, showcasing real-world instances of improved efficiency and cost-effectiveness.

Business Process Management and Application Integration

The integration of applications into Business Process Management is a pivotal step towards achieving success. This process involves the implementation of specialized software to automate and enhance core business process stages. The number of applications that Latenode automation interacts with is almost limitless and at the moment there are already more than 30 of them but there are tools that can be used to connect any application on their own. They are getting bigger every day.  Utilizing these services and companies gain the capability not only to save time but also to enhance task accuracy. This creates a more flexible and responsive organization, capable of adapting to changing market demands.

In the context of process management, software becomes a crucial mechanism, providing a structured and systematic approach to optimizing business processes. Business services complement this by offering companies personalized solutions for their unique needs.

Thus, the integration of applications into process management, facilitated by software, becomes a great opportunity to execute everything perfectly. This not only streamlines business processes but also provides companies with powerful tools and resources for effectively managing the entire spectrum of their operations

Reject disorderly workflows. Streamline your tasks with automation.

What is the purpose of Business Process Management?

Words of the CMO of the company about the role of BPM

At its core, Business Process Management, represents a systematic approach to orchestrating, optimizing, and monitoring business processes. This definition encapsulates a multifaceted strategy embraced by diverse industries.

Business Process Definition: The cornerstone of BPM involves clearly defining and documenting each business process. This establishes a baseline for analysis and improvement.

Business process management extends beyond definition to encompass business process development and business process governance of processes. It involves creating standardized workflows and ensuring adherence to organizational policies.

Benefits of BPM: The advantages are far-reaching, contributing to enhanced efficiency, resource optimization, and a proactive response to industry changes.

Types of BPM

Types of BPM: Process automation, modeling, management and monitoring are the main components of successful business process management.

Different types of Business Management Processes represent a variety of methods and approaches that companies use to organize their operations and achieve their goals. These types help to structure and optimize various aspects of business, including internal processes, customer interaction, data analysis and resource management. Let's get to know them better.

Types of Business Process Management. A Multifaceted Exploration.

At the heart of it lies workflow management, focusing on the coordination and automation of tasks within a business process management type. It ensures a seamless flow of activities, reducing problems and enhancing efficiency of Workflow.

  • Strategic BPM

Description: Focuses on aligning business processes with organizational goals and strategies.

Purpose: Enhances overall organizational performance and competitiveness by ensuring processes contribute to long-term objectives.

  • Operational BPM

Description: Concentrates on day-to-day processes, aiming to improve efficiency, reduce costs, and enhance productivity.

Purpose: Streamlines routine operations, automates tasks, and ensures smooth workflow for daily activities.

  • Human-Centric BPM

Description: Emphasizes the role of human interactions in processes, taking into account user experience and collaboration.

Purpose: Enhances employee satisfaction, engagement, and teamwork within processes.

  • Integration-Centric BPM

Description: Focuses on integrating different systems, applications, and data to ensure seamless information flow across the organization.

Purpose: Improves connectivity, reduces data silos, and enhances data consistency.

  • Document-Centric BPM

Description: Involves the management and optimization of document-centric processes, including document creation, approval, and storage.

Purpose: Improves document handling efficiency, compliance, and reduces the risk of errors.

BPM brings about:

  • Enhanced Efficiency: Through streamlined processes and reduced redundancies.
  • Optimized Resource Utilization: Ensuring resources are allocated efficiently.
  • Proactive Adaptation: Enabling businesses to respond swiftly to market changes.

Business Process Manager Role

A Business Process Manager is a key player responsible for overseeing, implementing, and optimizing business processes. Their role involves ensuring alignment with organizational goals.

Understanding BPM Definition and Its Application.

The Business Process Management definition extends beyond theoretical concepts, finding practical applications in various industries. It involves:

  • Business Process Definition: Clearly articulating and documenting each step of a business process
  • Business Process Management Definition: Structuring, overseeing, and continually improving processes.

As we navigate through the diverse types of process management, it becomes evident that effective implementation requires a strategic blend of technology, governance, and adaptability.

BPM and Automation. Revolutionizing Business Processes

At the moment we see the best time to start a business, but in the conditions of struggle and constant competition it will be difficult to cope alone, that's what business process automation is for various companies are at the forefront of this revolution, offering innovative solutions to streamline and optimize complex business processes. Thus, Latenode provides its users with ready-made automation scripts where all you have to do is specify your variables which is not difficult, because for each ready-made script there are detailed instructions and enjoy Latenode doing everything for you.

Ready-to-go BPM templates to use on Latenode

Understanding BPM

What does Business Process Management truly mean? Beyond being an acronym for Business Process Management, it means a strategic approach that seeks to improve and optimize processes across an organization. It serves as a guiding principle for businesses, emphasizing the importance of systematic process management.

Unlocking Business Process Management Benefits

Implementing business process management offers numerous benefits. From enhanced efficiency to optimized resource utilization, the advantages are compelling. These benefits not only streamline operations but also pave the way for proactive adaptation to market changes.

Exploring Business Process Management Examples

To comprehend the real-world impact of process management, exploring tangible examples is imperative. Industries ranging from finance to healthcare have embraced business management processes to improve their workflows, reduce errors, and boost overall productivity.

Latenode ready template example

Decoding Business Processes Definition and Software Integration

Defining business processes requires clear articulation and documentation of each step. This is where software integration becomes pivotal. Software seamlessly aligns with principles, offering tools that empower organizations to define, execute, and refine their processes systematically.

Workflow and Business Process Management. A Symbiotic Relationship

The synergy between workflow and business process management is undeniable. Workflows, when seamlessly integrated into BPM strategies, ensure a coordinated and automated flow of activities. This symbiotic relationship is fundamental to achieving operational excellence.

Reject disorderly workflows. Streamline your tasks with automation.

Steps of the BPM lifecycle

Business Process Management is a strategic approach that aims to improve and optimize an organization's business processes for enhanced efficiency and effectiveness. The lifecycle encompasses a series of systematic steps to ensure seamless integration and continuous improvement. Let's delve into the key stages of this lifecycle.

BPM lifecycle steps: modeling, automation, monitoring, analysis, optimization.
  • Definition and Identification

At the outset of the business process management lifecycle, businesses need to define and identify their core business processes. This involves understanding the intricacies of each process, its objectives, and its role within the broader organizational framework. companies often employ comprehensive techniques to analyze, document, and map out existing processes.

  • Analysis and Design

Once the processes are identified, the next step involves a detailed analysis and design phase. The example scenarios may be modeled to understand the flow of activities and potential bottlenecks. BPM technology plays a crucial role in this phase, enabling businesses to simulate and optimize their workflows.

  • Implementation

With the design in place, the focus shifts to the implementation of software. It is employed to automate, monitor, and execute the redefined processes. This stage integrates business process management workflows into the daily operations, enhancing efficiency and reducing manual errors.

  • Monitoring and Management

Continuous monitoring is a hallmark of process management. It provides real-time visibility into the ongoing processes, allowing for proactive management and quick identification of deviations from the defined standards. This step ensures that the processes remain aligned with organizational goals.

  • Optimization

The Business Process Management lifecycle is a cyclical process, and optimization is a key component. Using services and tools, businesses can analyze performance data to identify areas for improvement. BPM guidelines guide organizations in making informed decisions to refine and enhance processes for better outcomes.

  • Adaptation and Change

As business environments evolve, process management must adapt accordingly. BPM technology, such as software, supports organizations in implementing changes seamlessly. This flexibility ensures that the lifecycle remains dynamic and responsive to emerging challenges and opportunities.

In conclusion, the BPM lifecycle is the embodiment of the entire business lifecycle, because Business Process Management is also continuously evolving and does not stop.

Business Process Management examples

For a clear example of how business process automation helps with real-world examples, we have prepared a chapter for you that clearly outlines the abilities and benefits of real-life examples :

  • Retail Order and Supply Chain Optimization

    Retail companies often grapple with complex order and supply chain processes. Through the application of BPM, these organizations can establish a system that automates the tracking of goods, manages inventory, and processes orders. For instance, upon receiving a new order, it can automatically check the product availability, generate a supplier order, and monitor the delivery process. This not only reduces the likelihood of errors but also shortens the time from retail order to product receipt
  • Enhancement of Request Processing in the Financial Sector

    In the financial sector, intricate processes of request and client query handling are common. Using BPM, financial institutions can create a system that efficiently manages these processes. For example, when receiving a loan application, it can automatically analyze the client's credit rating, prepare the necessary documentation, and track the application status. This accelerates decision-making processes and increases customer satisfaction.

  • Streamlining Manufacturing Processes

    In the manufacturing industry, business process management can be employed to optimize a range of processes, from inventory management to production stage tracking. For instance, process management can automate inventory management, forecast material requirements, and optimize production schedules. This leads to cost reduction, improved efficiency, and a reduction in the time required for product output.

  • Healthcare Patient Care Coordination

    Business Process Management
    can revolutionize patient care coordination in the healthcare sector. By implementing it, healthcare facilities can streamline processes related to patient admission, treatment scheduling, and discharge. For example, BPM can automate appointment scheduling, facilitate communication between healthcare professionals, and ensure a smooth transition between different stages of patient care.

  • Human Resources Onboarding and Talent Management

    BPM is valuable in human resources for optimizing onboarding and talent management. Organizations can use business process management to automate the onboarding process for new employees, including document submission, training schedules, and introduction to company policies. Additionally, it can assist in talent management by automating performance reviews, training needs analysis, and career progression planning.

These examples showcase the diverse applications of process management across various industries, highlighting its ability to enhance efficiency, reduce errors, and ultimately contribute to a more streamlined and effective business operation.

Why automate your business with Latenode? What are the benefits of incorporating Business Process Management?

Now we will finally tell you how automation works using Latenode as an example and why our platform stands out from the competition.

Latenode's home page

Making Things Easier. Streamlining Your Work with Latenode

Automation is all about making things work more smoothly. Latenode, a powerful automation tool, helps your business by simplifying tasks. It takes care of repetitive jobs, so your team can spend more time on important things that help your business grow.

Getting Things Right. Improving Your Processes

Mistakes can happen when people do things manually. Latenode's automation makes sure everything is done correctly, whether it's entering data or doing complex calculations. This keeps your information accurate and reliable.

Saving Time and Effort. Speeding Up Your Tasks

In business, time is money. Latenode speeds up your tasks by doing things faster. This not only makes your team more productive but also helps your business respond quickly to changes in the market.

Growing with Your Business. Adapting to Changes

As your business gets bigger, it's important that your tools can handle the growth. Latenode's automation is designed to grow with your business, managing more work and adjusting to new tasks.

Saving Money. Making Your Operations Cost-Effective

Doing things manually can end up costing more than you think. Latenode's automation helps you use your resources efficiently, cutting down on costs and giving you a better return on your investment.
Also financially, Latenode is a more cost-effective platform than its competitors, while offering more extensive functionality.

Seeing Clearly and Taking Control. Making Smart Decisions

Latenode's Business Process Management gives you a clear view of what's happening in your business. With detailed information and real-time monitoring, you can make smart decisions and solve problems before they become big issues.

Happy Customers. Giving Them a Great Experience

In a world where customers are so important, Latenode's automation ensures that everything your customers see, from placing orders to getting support, happens smoothly and quickly. This makes them happy and more likely to stick with your business.

By using Business Process Management, especially with Latenode's easy-to-use features, you're making a smart move to make your business work better and grow. It's not just a good idea—it's something you need to do to succeed in today's business world.

Words of the CMO of the company about the role of BPM

Is BPM expensive?

One common misconception about Business Process Management is that it comes with a hefty price tag, deterring some businesses from exploring its transformative potential. However, the landscape is changing, and affordable solutions like Latenode are breaking the mold, offering a cost-effective yet robust BPM experience.

Latenode stands out as an excellent and budget-friendly solution, making advanced process management accessible to a broader range of businesses. Its pricing model is transparent, eliminating hidden costs and allowing organizations to budget effectively.

Latenode offers a suite of essential BPM features without compromising on quality or functionality. From intuitive process design to automation and real-time monitoring, Latenode encompasses the critical elements businesses need, all within a cost-effective package.

One of the standout features of Latenode is its scalability. As businesses expand, Latenode grows seamlessly with them, ensuring that the cost remains proportional to the value derived. This adaptability makes it an ideal choice for small and medium enterprises looking to automate their business without breaking the bank.

Platform Comparison

Platform Cost Performance
Latenode $0.0019 Complex Scenario
Zapier $0.04 Single Task
Pabbly $0.002 Single Task
Make $0.001 Single Operation

Why Latenode Stands Out

  • Transparent Pricing: Latenode provides a clear and straightforward pricing structure, allowing businesses to understand the costs associated with implementing BPM.
  • No Hidden Fees: Latenode believes in honesty. There are no surprise charges, ensuring that organizations can budget confidently without unexpected financial burdens.
  • User-Friendly Interface: Latenode offers an intuitive and user-friendly interface, minimizing the need for extensive training or additional support costs.
  • Flexibility in Implementation: Latenode's flexibility allows businesses to start with what they need and scale up as requirements evolve, providing a cost-effective and tailored solution.

In Conclusion:

Contrary to the perception that BPM is an expensive investment, platforms like Latenode challenge this narrative by offering affordability without compromising quality. For businesses seeking a budget-friendly yet powerful solution, Latenode emerges as a compelling option, making advanced process management within reach for organizations of all sizes.

Optimize your Business Process on Latenode – your low-code automation platform

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