By Diaz Nesamoney, founder, president and CEO, Celequest
Untitled Document
Business Process Management (BPM) technology allows companies to automate, integrate
and optimize repetitive critical business processes, which can help to reduce
costs, improve productivity and enhance the overall performance of the business.
As BPM technology has gained popularity, demand has grown for better access
to the information in the BPM system. Companies are looking for ways to get
intra-day performance metrics in front of decision-makers so they can take immediate
actions to improve their processes, remove bottlenecks and keep the information
flowing.
Operational BPM dashboards have emerged as the leading way to provide
this level of visibility into business processes. Unlike traditional dashboard-style
interfaces that only offer a static snapshot of business conditions, BPM dashboards
display continuously updated information from the BPM system in a way such that
line managers and decision-makers can immediately know what is happening in
the key areas of their operations.
A dashboard view into the workflow is an essential component of a BPM system.
The point behind implementing BPM is to effectively automate a manual process
and optimize the process so that it runs more efficiently. But in order for
process automation and optimization to work, companies need insight into the
system. Companies need to be able to track process metrics, such as the cycle
time between steps in a particular process, in order to understand how the process
is performing. They also need a way to see where bottlenecks are occurring and
be proactively alerted to critical issues.
For example, let's look at a home loan application. A typical loan application
process might have 18 or so steps from initiating the loan process to granting
the loan, including a rate lock, the credit check, the title report and others.
While BPM helps manage these steps and move the document through the many different
decision points along the way, it is critical to understand how each step in
the process is working. We need to be able to ask questions such as "where
in the process are we spending the most time, and how can we reduce it?"
or "how often are we exceeding the time limits for a rate lock, and why?"