What is Business Process Management (BCM)?
Business Process Management (BPM) refers to a discipline that utilizes varied methods to explore, model, analyze, assess, improve, and optimize business processes. A business process coordinates the behavior of systems, people, information, and things to generate results in support of a business strategy.
Business Benefits of BCM
- Enhances agility by making changes to processes with minimal costs
- Brings in more transparency
- Increases customer satisfaction
- Improves customer retention rate
- Helps to adapt to varying organizational environment