Collaborative Minds Blog - page 10
As your business grows, you welcome new ways of revenue generation, from better customer order management and up-selling to welcoming new marketing channels and penetrating new markets. COVID-19 pandemic and its impact on customer behavior and demand are forcing businesses to pay much more attention to new market opportunities. And it becomes even more important to make sure that your team is able to transform ideas into revenue-generating offerings quickly.
Consider this scenario:
You’re spearheading a research and development project. A problem crops up, and the client wants the cause investigated. You tell her she’ll get the details in the next monthly meeting. Because your plate is already brimming, you assign the task to a team member. The next meeting comes, and the client asks for the details you promised. Sitting next to you, quite visibly shaken and all color drained from his face, is the person you assigned the task to.
Even without uttering a single word, you know that the task hasn’t been carried out, but, in your mind, the more pressing question is: How could you possibly have forgotten about this very important task?
Technology continues to advance at a rapid rate and with it, we must expand our knowledge base and vocabulary along with it. Many people are familiar with the concept of business process management, or BPM, but in today’s business environment, it is important to become familiar with intelligent business process management or iBPM.
(more…)No matter what the business or industry, the finance department is one of the most important and overworked departments in any company. They serve several highly-important and multifaceted roles and no matter how great they are, there is only so much they can do on a given day. This means that a financial process will only be as productive as the people involved are. This can affect the bottom line, reduce efficiency, and drag the entire business down in the process.
(more…)SharePoint is one of the most popular workflow automation suites and it is popular because it is flexible and has a range of uses. This software is the latest incarnation of what used to be Microsoft FrontPage and it has had a variety of new releases in the past few decades.
(more…)When looking into automation and the use of software to manage basic business tasks, it is easy to get bogged down in complicated language. Some people use different terms, well, differently. Business rules engines and workflow engines are two of the most important aspects to automating business functions and while some use the terms as if they mean the same thing, they do not and the difference is important.
(more…)BPMS refers to business process management software. These are software tools that provide for advanced automation, integration with a range of other software systems, and the improvement of business process efficiency. This is a powerful set of tools that can automate and manage a wide range of even complex business functions, improving efficiency, and reducing the need for human data entry, which also reduces error.
Streamlining and improving the efficiency of business operations is, perhaps, one of the most important tasks of management today. There is always room for improvement when it comes to the basic daily operations of a business and workflow and other automation software make this easier than ever before.
(more…)Procurement process flows are one of the most vital aspects of business and where far too much room for error can happen when data and processes are managed manually. With automation software, this process can be streamlined and errors reduced or eliminated.
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