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Business Process Management: Companies
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Business Process Modeling Notation is emerging as a way to specify business process models and diagrams for any business process management language. As the following extract from the BPMN Specifications states: "Businesspeople are very comfortable with visualizing business processes in a flow-chart format. There are thousands of business analysts studying the way companies work and defining business processes with simple flow charts. This creates a technical gap between the format of the initial design of business processes and the format of the languages, such as BPEL4WS, that will execute these business processes. This gap needs to be bridged with a formal mechanism that maps the appropriate visualization of the business processes (a notation) to the appropriate execution format (a business process management execution language) for these business processes. Inter-operation of business processes at the human level, rather than the software engine level, can be solved with standardization of the Business Process Modeling Notation (BPMN).
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A new report suggests that an emerging Web services market focused on new business-process technologies could make the current market for application-integration software obsolete. Emerging service-oriented process software is founded on the notion that data can be integrated in the context of a particular business process. For example, rather than simply moving data between two points, an application designed around a specific process could draw data from several sources through a multistep workflow, such as handling a new insurance claim. "When you're putting together a process, in effect you're integrating," said Ronald Schmelzer, the author of the report. This alternative approach to application integration could mean trouble for companies focused solely on enterprise application integration (EAI). Traditional application-integration middleware takes information from one application source and transports that data to another application.
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OpenConnect has created the first software designed to automatically discover the business process inefficiencies that hinder operational growth. Using patent-pending process analytics, OpenConnect provides businesses with continuous, real-time views of the processes, activities and variations that affect day-to-day operations. Armed with this information, executives can make the quick, incremental improvements that will increase process efficiency, improve employee productivity and raise profitability. With a rich history of developing innovative technology, OpenConnect's products are distributed in more than 60 countries and used by more than 60 percent of Fortune 100 companies. For more information on OpenConnect, visit http://www.oc.com/.
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"According to META Group, Inc. (Nasdaq: METG), the business performance management (BPM) marketplace will grow by 15%-20% in 2004. The BPM market grew to approximately $1.1 billion in 2003. Although this growth represents a 10%-15% increase over the 2002 marketplace, this was less than most BPM vendors had anticipated for the year. A recent META Group study uncovered that, within the next 18 months, 85% of firms will work on a BPM project. 'The anticipation of increased BPM growth in 2003 was primarily due to expectations that companies would use business applications in an effort to comply with regulations for the Sarbanes-Oxley Act (SOX),' said John Van Decker, vice president with META Group's Technology Research Services. 'The business drivers for the BPM market in 2003 were primarily more penetration of planning and budgeting solutions, not SOX compliance-driven sales.'"
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Newgen Software Technologies Ltd. is a market leader in Business Process Management (BPM) & Enterprise Content Management (ECM), with a global footprint of about 700 installations in over 30 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world’s leading BFSI, BPO, and Fortune Global 500 companies.
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In today’s ultra competitive environment, companies must streamline their business processes in order to execute in real time. Exceptions that occur during the process cycle are becoming increasingly common and prevent companies from scaling to meet market demands and opportunities. Recently, a new breed of exception management software has been developed to help conquer the billion dollar exception management problem. Dr. Dale Skeen, co founder of Vitria Technology, discusses the new breed of Business Exception Management Software (BEMS) and the best practices associated with its implementation.
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