Measuring BPM Software ROI and its benefits in Risk Management process automation

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MEASURING BPM SOFTWARE ROI AND ITS BENEFITS IN
RISK MANAGEMENT PROCESS AUTOMATION
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2
INVENSYS SKELTA

• Invensys Skelta is the recognized industry leader
  in .NET based BPM technology through its product
  SKELTA BPM.
• Skelta BPM offers 100 embeddable, enterprise
  class, BPM solutions to help organizations
  achieve operational agility.
• Skelta BPM provide easy way to deploy, web based
  process workflows across the business latitude
  and puts the control directly in the hands of the
  users.
• Skelta BPM has consistently helped
   customers achieve their BPM objectives and
  enhance operational efficiency through
• Strong and robust product line
• Mature solutions framework (Accounts Payable,
  Leave Management, Document Management System, BPO
  Management, e-Governance etc)
• Evolved Professional Services for a seamless post
  sale experience

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SKELTA BPM

• Skelta BPM software product offers advanced
  solutions and a complete set of tools for
  creating, executing and optimizing business
  processes.
• 100 embeddable web-based architecture offers
  unlimited opportunities for application
  development to build BPM solutions, seamless
  integration and rapid scale up for automating any
  number of business processes
• Users take control of managing and making
  critical changes within their processes in a
  familiar web based environment
• It provides an easy business process modeling
  environment through its visually-rich Microsoft
  Visio like user-interface with support for
  advanced queue management and multi channel
  alerts

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KEY BENEFITS OF SKELTA BPM

• Complete visibility over all enterprise processes
  manual, undocumented, and automated
• Better alignment of enterprise objectives to
  processes through centralized process management
• Eliminates duplication of process management
  efforts
• A one-stop solution for all BPM needs for process
  analysis, discovery, design, execution and
  monitoring
• Enhanced control over changes to processes
• Seamlessly integrates with legacy systems thus
  ensuring better ROI from your IT investments
• Provides a low risk, high value entry to workflow
  enabled processes in your enterprise

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MEASURING BPM SOFTWARE ROI

• As mentioned earlier, unlike any other software
  investments where financial tools are primarily
  used to determine ROI, the ROI on BPM software
  can also be measured in terms of non-financial
  metrics
• Hence business and financial metrics must go hand
  in glove to gain proper understanding of a BPM
  project ROI
• The obvious advantages of migrating manual
  processes include
• Shorter cycle times
• Consistency and compliance
• Audit trails
• Process visibility
• Automating lateral processes bridges gaps that
  exist between different business applications and
  productivity tools. So process automation
  certainly impacts productivity, profitability and
  customer satisfaction 

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IMPROVED COMPLIANCE

• Robust BPM platforms provide a powerful framework
  that can enable creation of multiple risk
  management, compliance and internal controls
  based initiatives. BPM platforms have the
  capability to meet key requirements for Risk
  Management including
• Powerful integration capabilities that allow for
  dynamic data update, real time process views and
  immediate risks associated with each process
• Graphical user interface for organizing risks and
  controls and doing away with abstract data
• Reduced bottlenecks in workflow leading to better
  controls and pro-active compliance management

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IMPROVED COMPLIANCE

• Ready to deploy broad compliance frameworks as
  well as powerful internal controls methods to
  meet sustained and long-term returns on
  investments in BPM
• Centralized repositories for all documents and
  evidence of compliance
• Dashboards for easy review of adherence to
  processes
• Definition of workflows for executing test plans
  and mitigation strategies
• Maintenance of audit trails for each compliance
  activity
• Collaborative environment for quick remedial
  procedures
• Workflows for reviews and self-assessment of
  processes, risks and associated controls

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COMPOSITE APPLICATIONS AS ROI

• Any organization can be divided into departments
  and departments into further de-composition of
  functional processes
• Many of these are available as complete or
  partial functionalities in core applications
• Composite applications can span business
  functions such as Sales, Operations, Billing,
  Finance, HR and admin processes. Some possible
  examples of composite examples can be
• Sales Lead management, Sales forecasting and
  analysis
• Infra processes Capex Approval, Purchase
  Requisition process
• Operations Help Desk, Change management process,
  efficiency optimization
• HR Exit process, Time sheet management process,
  Performance management
• To Read more visit http//blog.skelta.com/post/2
  014/04/17/Identifying-ROI-from-BPM-projects.aspx

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SKELTA BPM
http//www.skelta.com/
RD / Innovation CenterInvensys
SkeltaSalarpuria Touchstone,Sarjapur Outer Ring
Road,Bangalore - 560 103 IndiaTel 91 80 4060
2600
Corporate Address10900 Equity Drive,Houston, TX
77041 USATel 1 678 306 4110
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