Business process management (BPM), having evolved over the past fifteen years, has finally reached a level of maturity where vendors are now abolishing functional silos to allow the enterprise-wide flow of business processes. It replaces the old, manual system of coordinating activities in a company and improves functionality and effectiveness through modeling, documentation, certification, collaboration, automation, and compliancy to minimize costly errors.
enable them to manage projects, tasks, or transactions in a work team approach. Business Process Compliancy . Establishes the process's readiness to comply with internal and external regulations (such as Sarbanes-Oxley [SOX]). The compliant certified processes are then used to achieve governance certification, audits, or both. Business Process Optimization . Responsible for continuous process improvement (CPI), including tools to assess the performance of the actual process against internal norms or