What is Business Process Management?
Business process management and workflow automation work in tandem to help businesses of all industries work smarter, not harder. For many years, Gartner has been consistently studying the effects of business process management (BPM) on businesses and found staggering results: implementing BPM boosts the success rate of your projects by 70%!
Today, we’ll discuss what BPM and workflow Automation are and how you can start integrating them into your process.
Some of the main terms you’ll see in this blog are:
- Business Process Management
- Workflow Automation
- Business Process Automation
Business Process Management (BPM)
CIO defines business process management as: “Business process management (BPM) is the practice of aligning goals and processes as businesses evolve.”
Workflow Automation
Tallyfy defines workflow automation as: “Workflow automation is a created series of automated actions for the steps in a business process. It is used to improve everyday business processes because when your work flows, you can concentrate on getting more done and focusing on the things that matter. It allows teams to spend more time on the actual work itself and less time on the processes that support them.”
Business Process Automation
Laserfiche defines business process automation as: “is the use of technology to automate repeatable, day-to-day tasks. It accelerates how work gets done by routing information to the right person at the right time through user-defined rules and actions.”
They’re all very similar, but Business Process Automation is a bridge of the two to help your agency thrive. We’ll break it down to discuss how you can bring both BPM and Workflow Automation into your agency to help you create Business Process Automation.
Creating Business Process Management
We often discuss the importance of using technology to make your agency more efficient and effective. However, it’s crucial you have a plan for your adoption. Implementing technology without a plan won’t prove all that fruitful for you or your agency.
Remember, technology is great, but it is not magic.
The goal of implementing BPM into your agency is to create efficiencies with reason behind them that you can then build up quantifiable, S.M.A.R.T. goals around. Without the process, your agents will work independently of one another without cohesiveness. This can lead to confusion, frustration, and, at the worst, loss of revenue. To learn more about misalignment and its effects on your agency, check out our blog: How Misalignment Hurts Your Agency & How To Fix It.
Learn more about BPM and the benefits of integrating it into your agency in our infographic below:
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This blog was originally posted on June 3, 2020, and has been most recently updated and republished on November 18, 2021.
Posted
by Allison Babberl
on Thursday, November 18, 2021
in
Insurance Automation
- data management
- insurance automation
- productivity
About The Author
Allison is the Content Lead at AgencyBloc. She manages the creation and schedule of all educational content for our BlocTalk and Member communities. Favorite quote: “Conversation is the bedrock of relationships. Without it, our relationships are devoid of substance.” -Maribeth Ku
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