If your business’s technology is slowing your processes down and holding your company back, you’re not alone—94% of workers report that they frequently perform tedious, time-consuming tasks that eat away at their productivity. For this reason, many businesses are turning to business process management (BPM) systems to streamline their processes and increase efficiency.
But first, you’ll need to know the five stages of a successful BPM lifecycle and how you can use these steps to ensure your business is getting the most out of its process management system.
What Is BPM, and Why Is It Important?
Business process management (BPM) is the practice of managing and optimizing a company’s processes to achieve efficiency, scalability, and overall cost savings. BPM systems use digital tools such as workflow automation, artificial intelligence-driven analytics, and compliance tracking to make complex business processes easier to manage.
If you’re looking to modernize your business and remain truly competitive in today’s market, BPM is an integral part of that process—and understanding the five stages of a successful BPM lifecycle is essential to getting the most out of your system.
The 5 Stages of a BPM Lifecycle
A BPM lifecycle is the cycle of stages a business needs to go through to successfully implement and manage a BPM system. The five stages are:
1. Planning Stage
The planning stage is focused on analyzing existing processes to identify areas for improvement and create a plan for success. During this stage, you’ll need to define your business objectives and goals as well as review all of the applicable laws and regulations that your process must adhere to to remain compliant.
2. Designing Stage
In this step, you’ll create a blueprint of your ideal process and build an automated workflow to support it. You’ll also need to decide on which software tools and applications best fit your needs.
3. Implementing Stage
You’ll then need to set up the actual BPM system, train employees on how to use it, and make sure everything is working properly. This includes testing the system to make sure it meets all of your expectations and is operating as intended.
4. Monitoring Stage
Next, you’ll review how well your new system is working compared to your expectations. This includes evaluating any bottlenecks or potential areas for improvement and tweaking the process accordingly.
5. Optimizing Stage
In the final stage, you’ll use data-driven insights to further optimize your process. This includes analyzing past performance and using that information to make decisions about where improvements can be made to remain competitive in the long run.
For Seamless BPM Execution, Call ExpressAbility
To avoid falling behind the competition, you’ll need to be able to quickly and efficiently implement a successful BPM system that meets all of your business’s needs. ExpressAbility can help you do just that. We’re experts in the field and have helped many businesses streamline their processes and reach their business goals faster.
We believe that BPM is more than just software—it’s a way of thinking, and we strive to create solutions that can help your business reach its potential. Contact us today and let us get you started on the path to success with our BPM software.
