Business process management (BPM) is an organizational discipline in which a company takes a step back and examines all of its business processes individually, collectively and holistically. It examines the current situation and identifies potential areas for improvement to create a more efficient and effective organization. It is the process by which a company creates, edits and analyzes the predictable processes that form the foundation of its business operations.
BPM software enables organizations to align various business functions with customer needs and assists organizational executives in determining how to deploy, monitor and measure company resources. When properly implemented and executed, BPM has the potential to significantly increase efficiency and productivity, lower overall costs and reduce the risk of human errors, thereby substantially optimizing results.
In recent years, building enterprise applications has become much more accessible due to low-code application development. Low-code application development platforms can enable businesses and citizen developers to create powerful BPM software without extensive coding knowledge or the interference of a skilled software developer. According to a recent study, 84% of enterprises have turned to low-code technology to reduce strain on IT resources, increase speed-to-market and involve the business in overall digital asset development.
How Low-Code BPM Solutions Can Help Your Business:
1) Combatting Security and Encryption Threats
Business Process Management does not just involve analyzing individual business processes for issues with efficiency, resource allocation or productivity levels. BPM processes must also be conducted to empower businesses to identify and enable business processes to align with a potentially improved future state of organizational operations.
With the frequency and sophistication of cybersecurity threats increasing, it is now more important than ever for organizations to secure sensitive data related to internal business processes. The consequences of a significant data incident can be disastrous. According to a study by Accenture, a malware cyber-attack can cost an organization up to $2.6 million. This is why a powerful low-code BPM platform should be selected that ensures the most up-to-date security and encryption features to protect your data systems and sensitive organizational data.
Low code solutions can aid in the security verification and deployment process by allowing citizen developers to create two-step verification processes and other encryption features. This necessitates the availability of automation tools with built-in security code testing and validation.
2) Addressing Issues with Third-Party Integration
Almost every organization makes use of dozens, if not hundreds, of third-party applications and systems on a day-to-day basis. Data silos and various inefficiencies can be made worse by disparate systems. A low-code BPM platform can make it simpler to integrate and manage third-party applications in a single consolidated location. Recent studies have shown that approximately 26% of business executives named low-code application development platforms as their most crucial automation investment.
Using a low-code BPM platform with built-in integration tools can allow your business to quickly integrate various third-party applications into your business processes. Furthermore, low-code solutions can enable your businesses to build API-centric applications for integrating BPM functionality into your external applications.
3) Preventing Lack of Document Management
Document management is a vital aspect of almost any business process. Documentation plays a role in almost every organizational workflow to some extent. However, business processes based on paper can be extremely inefficient and prone to error. A document management system simplifies the extraction of relevant data and information from documents, thus almost completely eliminating the need for time-consuming manual data entry tasks.
Furthermore, a low-code BPM platform with automated document management features enables authorized users to quickly access stored documents, store and backup information to prevent data loss, maintain audit trails and generate documents automatically.
4) Addressing Lack of Detailed Data Analysis
A BPM solution’s automated data reporting and predictive analysis tools can assist businesses in significantly improving existing processes, forecasting future market trends, identifying and addressing evolving customer expectations and increasing overall profit margins. Recent studies indicate that up to 70% of new enterprise applications developed by organizations will use low-code technologies by the year 2025.
A low-code BPM platform with built-in data reporting tools can allow stakeholders to create extremely detailed reports without having to manually export data to an external data management system. Organizations can also benefit from powerful capabilities such as tracking predetermined key performance indicators (KPIs) to identify various business process inefficiencies and using service level agreement (SLA) reporting to calculate the costs of delays when using intuitively designed reporting tools.
Therefore, your business must consider how useful it may be for the marketing department of your business to be able to advertise data on how long each task takes to complete or for your business to be able to process data on how to improve shipping processes. Data from reports and analytics can serve as a guiding compass for businesses, directing them on how to take appropriate action and ultimately increase productivity.
5) Simplifying Complex Visual Interfaces
Traditional application development can often contain complicated visual interfaces that may cause confusion and significant delays. However, low-code development platforms employ the use of visual interfaces with simple logic and drag-and-drop builders. The ability to create and deploy powerful applications using a visual interface is one of the key features of a low-code BPM platform. Rather than relying on professional software developers to manually code individual applications, citizen developers can easily design high functioning, complex enterprise applications and optimize business processes using low-code technology.
Planet Crust – Build Powerful BPM Solutions Using Low-Code
Low-code technology can help your business build and deploy high-functioning, complex business process management software using low-code technology. Planet Crust’s low-code solution, Corteza, can not only enable your business to easily develop powerful BPM solutions much faster than ever before but can also equip your BPM software with robust features that will ultimately make business processes more efficient and productive.
Corteza low-code platform is the perfect tool to help your business overcome business challenges. Get a trial now so that your business can take advantage of the various benefits of low-code BPM software.