The Insider's Guide to Next-Generation BPM
11/26/2008
Increasingly globalized and regulated markets are demanding an unprecedented level of business process agility, control and transparency as a direct result of the current economic crisis, according to Cordys, a global leader in next-generation Business Process Management.
ebizQ received the following:
Jan Baan, Chief Executive Officer and founder of Cordys, states: “It is becoming increasingly clear that enterprise application platforms such as ERP and CRM are not flexible enough to facilitate the rapid change in operations management required in the economic turmoil that has transformed the business landscape in recent months.”
“The collapse of large financial institutions and the problems faced by many other companies will result in more reorganizations, cost-cutting programs and mergers and acquisitions,” continued Jan. “At the same time these companies realize that they need to innovate and adapt to the new situation extremely fast without being hampered by time-consuming and costly IT projects.”
What happens when you combine BI, BPM and BRE? The answer is right here.
Agile enterprises can adapt to change, market trends and evolving standards and regulatory requirements at a greatly reduced expense and time to market through the adoption of business process management solutions, according to Cordys. Indeed underlying every business is a set of processes that define how that business operates, how it generates revenue, and how it supports its customers, suppliers, and the like. How a business differentiates itself from its competitors is built into its unique business processes. Hence business processes become a strategic and critical asset for the company -- no more so than in the current economic climate.
A recent report from analyst firm Gartner states that the overall BPM market grew from $1.229 billion in 2006 to $1.692 billion in 2007. This has resulted in BPMS taking a larger share of the overall Application Infrastructure Market up from 9.8% in 2006 to 11.95% in 2007, an increase of 37.7% year on year1. Cordys predicts that demand for its Business Operations Platform (BOP) will continue to grow as companies feel the effects of the current “credit crunch” and suffer as a result of inefficient, hard-to-manage processes.
Jan Baan continued: “Companies are beginning to realize the business benefits of rethinking their operations and having an effective business process management strategy in place. As a result Cordys has seen a dramatic increase in business opportunities right across our field of operations.”
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ebizQ is very interested in what you have to say. To contribute an article, an opinion, or to become a blogger, please contact Peter Schooff.
June 3, 2009
One of the most compelling trends in the enterprise business technology space over the past year has been the emergence of cloud computing. In ebizQ’s upcoming Qcamp virtual un-conference, leading industry experts and practitioners will explore the role of service-oriented architecture (SOA) and business process management (BPM) in supporting cloud-computing initiatives. Additionally, the new skills that developers and IT managers need for successful cloud development will be discussed.Register
Date:Apr 07, 2010
Time:13:00 PM
ET- (17:00 GMT)
Date:Apr 07, 2010
Time:12:00 PM
ET- (16:00 GMT)
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