This paper published by ebizQ states that Business Process Management (BPM) is the discipline of managing and measuring the performance of a business against strategic goals through the formalization of middle and back office business processes that describe how business is conducted as a set of coordinated activities. It often includes the use of technology to aid in modeling, execution and management of those processes. Many of the typical challenges that business leaders are facing every day often relate to how the business is managing its middle and back office processes.
This paper published by ebizQ states that analyst firms predict the Business Process Management (BPM) market growth rate at 15 percent to 20 percent, which far outpaces the 3 percent to 4 percent growth rate predicted for ERP and CRM markets. BPM is rapidly growing and becoming the technology for modeling, optimizing and automating business processes. A number of research reports also show that BPM yields impressive bottom-line and top-line benefits to organizations trying to compete in a global economy. These reports and case studies provide significant justification to support the continued and rapid adoption of BPM.
This paper published by ebizQ explains the fact that Business Process Management has its roots in Workflow technology is well known - many of todays leading products are, in fact, evolutions of the original forms processing packages. So there is no longer a need to debate what is now a moot point. But what has happened is that BPM has also changed. Rather than being an extension of workflow concepts, BPM is now seen as systems-to-systems technology exclusively used in the deployment of SOA solutions.
CIOs are expected to run IT like a business. CFOs expect one of their biggest internal investments to produce returns that meet or exceed shareholder expectations. Enterprise Architects bridge these expectations into actionable architectures. Enterprise Architecture (EA) has emerged as an area critical to deriving business value from IT investments. EA - a method of defining and aligning the principal standards that comprise an organizations technical, application, information, and business-process needs - is no longer viewed as an esoteric concept that is too complex to implement.
This paper published by ebizQ describes the advent of intelligent electronic documents that provides organizations with the opportunity to roll document workflows into more integrated, automated processes, bringing much-needed efficiency to how forms and other business documents are completed and processed inside and outside an organization. In contrast to paper forms or even static digital pages, intelligent documents are interactive and dynamic-much more than simple replacements for paper.