Everything You Know About Process Management [ New Guide for 2024 ]
In today's fast-paced business world, CIOs and Business Technology Partners are the superheroes of innovation and efficiency. They know that at the core of every company is a network of processes - some simple, others complex. They can slow down even the most promising ventures if these aren't streamlined.
For CIOs, who expertly match IT plans with business goals, and BTPs, who lead game-changing IT projects, managing processes isn't just a nice-to-have; it's a must-have. It's what moves companies forward, no matter their size.
This guide takes CIOs and BTPs on a deep dive into process management. We'll explore why it's so important and how it brings a boatload of benefits to businesses. From smoother operations to boosting efficiency, we're giving tech leaders everything they need to understand how process management, regardless of company size, is the key to long-term success in our digital world.
What is process management?
Process management is a systematic approach to ensure that effective and efficient business processes are in place. It is a methodology used to align business processes with strategic goals.
In contrast to project management, which is focused on a single project, process management addresses repetitive processes carried out on a regular basis. It looks at every business process, individually and as a whole, to create a more efficient organization. It analyzes current systems, spots bottlenecks, and identifies areas of improvement.
Process management is a long-term strategy that constantly monitors business processes so they maintain optimal efficiency. Implemented properly, it significantly helps boost business growth.
The importance of process management system
When managing any organization, it is imperative to understand why process management is important. More than creating seamless workflows, it enables all aspects of business operations to run at an optimal pace.
With business processes systematically implemented, you reduce time wasted on repetitive tasks and minimize errors due to human inefficiency. It also prevents the loss of data and missed steps within a process. Moreover, it ensures that resources are used properly so your business becomes more cost-efficient.
Aside from improving business operations, process management also aligns your processes with the needs of your customers. This increases customer satisfaction and leads to higher revenues.
5 real time examples of process management
Process management encompasses all aspects of the business. Some business organizations use process management software to automate their systems, while others still use traditional methods of flowcharts and manuals. If you have been running your own company, you are most likely using some form of business process management (BPM).
Here are some real-world business process examples of how BPM is used in various industries.
1. Onboarding new employees | Human resource department
Without a proper system, the onboarding process can be chaotic and time-consuming. With BPM, forms and documents can be filled up and submitted electronically. Software is used to automatically filter data, find the best matches for a position, send messages, schedule interviews, and facilitate employee onboarding.
2. Managing logistics | Shipping company
Logistics for a shipping company entails a long chain of complex processes while dealing with potentially thousands of people in various locations. BPM standardizes and optimizes routines involved to streamline the entire process and deliver quality service. It integrates production, finance, quality control, HR, customer service, and other departments. It centralizes data to facilitate easy retrieval of information in every phase of the business operations.
3. Loan processing | Banking firms
With BPM, processing loans can be done in a much shorter time. It creates an efficient flow from document submission to credit and risk checks to loan approval. It also enables tracking of applications through the entire loan processing system.
4. Compliance management| Insurance companies
BPM improves the overall regulatory compliance of insurance companies. It reduces human error and prevents data loss through proper documentation management. It also ensures that the company is able to comply with the latest state and federal regulations.
5. Customer service | Retail business
BPM enables customer-centric operations. It unifies all systems and departments for a smooth workflow that ensures all customer needs are met. It also identifies bottlenecks in the buyer’s journey so the entire purchasing process can be improved.
Benefits of process management
1. Streamlined processes
BPM restructures tangled operations into smooth workflows, simplifying operations and improving business agility.
2. Increased productivity
BPM makes sure that resources and capital are utilized properly. It also improves business processes and working conditions to increase overall productivity.
3. Minimized risks
By clearly defining responsibilities, BPM demands higher accountability. This minimizes risks due to human error and reduces inefficiencies.
4. Reduced costs
BPM helps spot inefficiencies so they can be corrected. It also tracks the usage of resources. With fewer inefficiencies and proper utilization of resources, BPM can reduce costs and expenditures.
How RENU contracting streamlined their processes with Kissflow
The challenge:
RENU Contracting and Restoration grappled with unreliable manual processes, difficulty managing complex tasks, and inefficient tracking of process issues. They needed a solution to transform their operations, increase productivity, and ensure accountability.
The solution:
Michael Casamento, Director of Process and Procedure at RENU, discovered Kissflow during a web search. Impressed by its features, ease of use, and value for money, he implemented it. RENU began building workflows for check requests and merchandise returns. The success of these implementations led to the automation of other operations, such as claims processing, debit memo processing, and maintenance requests.
The outcome:
Kissflow has become essential for managing many of RENU's critical processes. The company has experienced enhanced productivity, time-saving in process creation, increased accountability, minimal development time, and improved end-to-end trackability of processes. Michael praises Kissflow for its well-designed user interface and responsiveness to community input. Integrations with other apps via Zapier have further improved operations. Now, RENU looks forward to building an on/off-boarding process using Kissflow.
How Kissflow can improve your business process
Kissflow is not just a tool; it's your business's partner for continuous growth and success. By streamlining processes, promoting collaboration, and enabling real-time tracking, Kissflow empowers your team to work smarter, not harder. Its intuitive interface and customizable features make it a versatile solution for any industry or department.
With Kissflow's process builder software, you're not just improving your business process but fostering a culture of efficiency and innovation. Most importantly, it is designed with users in mind, so you don’t have to deal with confusing parameters. This means you can easily, efficiently, and effectively manage your business processes. So take the leap, embrace simplicity, and let Kissflow transform your business. After all, in business, keeping it simple is the ultimate sophistication.
