“In a world in which speed matters, businesses need agility and flexibility to quickly modify their processes and business practices in order to stay competitive. Traditionally, large companies have hampered process agility by locking themselves into monolithic systems, processes, and workflows.
Different business process management (BPM) suites have unique strengths and weaknesses. However, a common weakness among many BPM solutions is the lack of agility. Highly skilled developers and months (or even years) of coding are typically required to build and customize business applications. By the time an application is delivered, the business process may have changed, requiring further tweaking of the application and many more months of development time. As a result, businesses are stuck with outdated and inflexible applications and processes.
The rapid pace of modernization and evolving customer expectations is increasingly driving organizations toward business process transformation in the quest to achieve process excellence. Low‐code business application platforms enable companies to rapidly build and deploy applications that are customized to meet their unique business needs. Unlike traditional BPM options, the opportunity to transform quickly and immediately realize the benefits are greater with low‐code business application platforms.
Choosing the right solution for business process transformation will provide easy access to information and quantifiable results, while being agile, scalable, and powerful will give your business the tools it needs to stay ahead in a highly competitive market.”
– Quoted from K2’s “Easy to Build Workflows and Forms”
The Old Model
In recent years, organizations have been bombarded with a host of business improvement philosophies and methods, each with its own champions and critics. These methods, ranging from TQM to Lean and Six Sigma, when used in the right way and on the right projects, can drive rapid and sustainable improvement across an organization. When used incorrectly on the wrong projects, however, these same methods can result in sub-optimization and little, if any, improvement in overall, long-term economic performance. What is needed is a conceptual framework, methodology, and FAST implementations within which to consider the large numbers of choices available about how to improve – a business improvement framework, aligned with the company’s vision and strategic goals and specifically tailored to its organizational needs, to guide the planning, deployment and optimization of its critical business processes.
Business Process Optimization provides guidance on what to improve. Through the systematic identification of key value streams and business processes, the framework allows for the selection of business improvement programs and initiatives that will yield the greatest leverage and return on the organization’s business improvement investment.
This flexible Business Process Optimization framework provides the core foundation that allows an organization to identify its important business processes, evaluate their performance, establish improvement goals in accordance with its unique business needs, choose the right tools and methods to achieve those goals, and monitor the deployment and effectiveness of the resultant efforts.
By taking a systems view of the business processes in an organization, vNEXT offers a comprehensive, yet flexible solution to ensure that any organization could be better positioned to meet its challenges of quality on time, within budget, with confidence process optimizations today.
Our partner discussing the Return on Investment for Process Optimization: