Silver Spring, Md., May 31, 2016 – Business Process Management (BPM) is becoming an essential element of modern business, with more than half of business executives saying BPM is significant (38%) or imperative (17%) for their organisation, according to new AIIM research launched today.
BPM’s increasing maturity is borne out in the Return on Investment (ROI) that many organisations are seeing – 41% are seeing payback within one year, of which 17% cite ROI within just six months – and how it allows organisations to take advantage of mobile and cloud opportunities for sharing knowledge and documents.
The new report,‘Process Improvement and Automation 2016 – A look at BPM’, also revealed that user defined process mapping and modification is the top requirement for more than half of respondents, while around two-thirds say analytics and reporting are considered mandatory.
“The importance of BPM is rightfully being acknowledged – it can help reduce paper handling and inefficiencies in activities such as contracts and invoicing, and also improve performance of people and systems by giving remote workers access to the same ‘experience’ as if they were inside the firewall,” said Bob Larrivee, Chief Analyst, AIIM. “Poor processes will seriously impact an organisation’s ability to access, manage and leverage information so BPM’s growing maturity as an enterprise tool will continue. However, it’s important for users to report back on successes and justify spend back to the business.”
BPM is a way of managing the processes that are present in an organisation, and is seen as a highly effective methodology to make certain that the processes are efficient and effective. Indeed, the research revealed that faster processing of business critical activities has provided the biggest value for 53% of respondents. 45% cite their biggest value from fewer errors and exceptions processing.
The research also showed that mobile and cloud support are seen as important for 67% of organisations, while for almost nine in 10 audit trails and executed process must be secured. Benefits beyond ROI include a decrease in review and approval cycles (33%), better routing to and between individuals (62%) and greater organisational agility and routing between processes (42%).
“There can be no doubt that BPM is helping to improve processes within organisations all over the world,” continued Bob Larrivee. “But it is an element of business that is starting to go beyond that, with two-thirds of executives in our research seeing BPM as change management. As organisations continue to come to terms with the massive increase in data and information in modern business, BPM / change management will become ever more valuable as those organisations look to better capture, store and manage that information.”
Other key findings in the ‘Process Improvement and Automation 2016 – A look at BPM’ report include:
• A large majority (97%) of respondents see BPM as a systematic approach to improving business processes.
• Stuck-in-process is the biggest operational problem for 58% of respondents. For 46% it is having to deal with compliance errors.
• Outsourcing of payroll and benefits is routine for 35% of respondents. Outbound mail and print are routinely outsourced for 30%.
• Process governance policies are in place for 48% with 14% of those respondents indicating they are enterprise-wide.
The research for ‘Process Improvement and Automation 2016 – A look at BPM’ was underwritten in part by ActivePDF, HP, ibml, Iron Mountain, K2, Kofax, Konica Minolta, Media Strategies, OpenText and Systemware. The full report can be downloadedhere.
The survey was taken using a web-based tool by 486 individual members of the AIIM community between March, 2016, and April, 2016. Invitations to take the survey were sent via e-mail to a selection of the 180,000 AIIM community members.