Benefits Of Bpm To An Organization Essays Example

Business process management (BPM) has various benefits to any organization. Every organization seeks to give optimal services to its clients. The following are some of the key benefits that an organization gets from instituting business process management.
First, BPM enable the organization to increase accountability (University of San Francisco, n.d). With BPM, an organization can track and monitor departmental functions. Such tracking may involve expenditure of deliverables and keep every department accountable. In addition, instituting BPM, the company creates checks and balances that reduces all potential losses, fraud, errors, and at the same time holding the employees responsible for their actions or inaction.
Secondly, BPM increase reliability in the organization. Effective BPM ensures dissemination of information effectively and in a timely manner. Since it is critical for the top management to receive accurate information and in a timely manner so as to make timely decisions, BPM comes in handy. With BPM, the management can track data quickly to assist in making critical decisions.
Thirdly, since there is mandatory government/legal requirement that organizations must, keep. Effective BPM helps in tracking all the legal obligations of an organization and consequently ensure adherence to all of them. The BPM also enable the organization to keep track of the changes in laws and avoid potential repercussion of non-compliance.
Fourth, BPM helps an organization in tracking all its cooperate resources. Tracking resources reduces chances of wastage. Reducing wastage in turn leads to an increase in profitability of the organization. Moreover, the best practices in BPM ensure that the working conditions of the workers are maintained. The safety of the workers in most case has legal ramifications, and hence it is very important. On top of that, the safety ensures that there is minimal waste occasioned due to the poor working conditions. To conclude, there are many benefits of BPM in any organization and hence, each organization ought to consider adhering to the best practice of BPM.
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