Whether you run a startup or you are an established entrepreneur, there are times that you face certain challenges with your information management system.
You may have noticed your employees spending ample work time on frivolous operational issues instead of doing relevant work; or you are seeing piles of spreadsheets and corporate emails without specific details about the status of each project.
If the above scenario is your case, this post will solve your corporate operational challenges by showing you a perfect way of automating your work flows and processes, as well as highlight important tips to consider when making decisions.
Business Process Management (BPM) System is the application of automated technologies in the end-to-end analysis and management of business intelligence and data. It is the ultimate business solution to your challenges.
Being able to choose a perfect bpm software to suit your specific needs can be quite tasking, though it is not rocket science.
Here are the right factors to consider.
What Are Your Specific Needs?
This is the very first step in the entire process. Opting for particular bpm software out of the many in the market without clearly defining what you need it could create problems along the way. Determine whether your challenges are in the form of excessive paperwork, problems with a legacy interface, sluggish approval processes or extravagantly duplicated data.
Having firm knowledge of your business needs after a thorough analytic process will help you choose the perfect software so you can achieve your business goals and objectives.
What is Your Budget?
Needless to say, after identifying your specific needs, your budget to buy or create custom-made software is another limiting factor. Depending on your budget, it is more advisable to opt for total purchase of the software instead of monthly subscription. There might be hidden costs that could arise during the implementation process.
What is Your Preferred Deployment Gateway?
This is another major determining factor because more business solutions are leaning towards cloud solutions instead of on-premise deployment. This is because of the Cloud’s OpEx model, and the fact that it tends to have lower upfront investment costs as well as more scalability options.
You should be aware of risks associated with external data storage, migration costs, and other issues associated with cloud deployment before making your decision.
What is the Implementation Model?
Enterprise implementations are powered through system integrators and reseller partners. This will definitely attract higher overall implementation costs when compared to smaller implementations, which are usually driven by the vendor’s in-house team.
Lastly, How Reliable is the Vendor?
Your choice should be determined by whether the vendor is a startup that is just testing the waters or an established and verified vendor. When considering a startup vendor, discuss extensively with the top management on the features and implementation processes of the software. If considering an established vendor, look out for their recent press releases as well as the product roadmap.