Business Process Management Blog      

Gartner thinks PNMsoft is Cool Posted on Wednesday, April 14, 2010 by PNMsoft    PNMsoft was selected as a Cool Vendor in the Cool Vendors in Business Process Management, 2010” Gartner Report published on April 12, 2010 Read the full article

Choosing a BPM Suite — Ask the Experts Posted on Wednesday, November 25, 2009 by PNMsoft    The market for BPM Suites (BPMS) software according to the Gartner Group is projected to be $5.11 Billion by 2011. The report says that total software revenues of BPM products reached nearly $1.7 billion by 2006 and exhibited the characteristics of a mainstream market – with stable vendors, vendor consolidation and rapid user adoption Read the full article

Windows Workflow Foundation Posted on Monday, August 31, 2009 by PNMsoft    Windows Workflow Foundation is the programming model, engine and tools for building workflow enabled applications on Windows. It consists of .NET classes, an in-process workflow engine, and designers for Visual Studio. Read the full article

BPM for Sarbanes-Oxley Posted on Monday, August 24, 2009 by PNMsoft    The act radically changed corporate governance and reporting obligations for all publicly traded companies, and significantly increased personal accountability for the organisations officers, securities analysts, auditors and legal counsel. New compliance requirements mandate that CEOs and CFOs personally certify financial statements and affirm they are responsible for disclosure controls and procedures at all levels of their organisation. The act also requires an annual evaluation by the company's independent auditor of internal controls and procedures for financial reporting, to be published in the company's annual report... Read the full article

BPM for MiFID Posted on Monday, August 17, 2009 by PNMsoft    MiFID – the Markets in Financial Instruments Directive, is a major part of the European Union’s Financial Services Action Plan (FSAP), which is designed to create a single market in financial services.BPM is the technology platform that enables MiFID compliance. BPM is the technology platform that solves the problems that arise from the organisational, conduct of business, transparency and transaction reporting requirements of MiFID. The system was architected to evolve as regulatory and methodological requirements evolve and will continue to meet ongoing, changing needs. BPM for MiFID automates the management of compliance rules and behaviors for the company... Read the full article

Management of Risk Posted on Monday, August 10, 2009 by PNMsoft    Management of Risk is a management methodology that provides for managing uncertainty, integrating concepts of strategic planning, operations management, and internal control. A risk is defined as a possible event or circumstance that can have negative influences on an organisation. Its impact can be on the very existence, the resources (human and capital), the products and services, or the customers of the organisation... Read the full article

The Queen's Awards for Enterprise Posted on Monday, August 3, 2009 by PNMsoft    The Queen's Awards for Enterprise are the UK's most prestigious Awards for business performance. They recognise and reward outstanding achievement by UK companies. They are presented in three separate categories: International Trade, Innovation and Sustainable Development. The Awards are made each year by The Queen, on the advice of the Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions... Read the full article

Best Countries for Entrepreneurs Posted on Monday, July 27, 2009 by PNMsoft    The World Bank Group has published their annual "Doing Business" report that ranks 181 countries on how friendly their regulatory climate is to entrepreneurs. The report provides a quantitative measure of regulations for starting a business as they apply to domestic small and medium-size enterprises. Economies are ranked on their ease of doing business. The ease of doing business index means the regulatory environment is conducive to the operation of business... Read the full article

Business process visions over the years Posted on Monday, July 20, 2009 by PNMsoft    Forrester's James Kobielus writes in his latest blog about the absence of change to the business vision - transformation, optimization and agility.... Read the full article

The climate is right for innovation Posted on Monday, July 13, 2009 by PNMsoft    The climate is right for innovation and organizations that dont change may lose their edge or even disappear. Innovation is the ability to see change as an opportunity - not a threat. The current crisis (burning platform) is a great driver for innovation... Read the full article

Reasons leaders are looking at processes for savings Posted on Monday, July 6, 2009 by PNMsoft    Gartner's Jim Sinur writes about reasons leaders are looking at processes for savings. Processes are in the critical path of business change. The need for process understanding and automation will create significant business process management activity. Good business leaders understand that it is wise to invest during down times, so that when they get busy again, they will not have the opportunity to focus resources anywhere, but supporting the business operationally... Read the full article

Quantifying Employee Performance Posted on Monday, June 29, 2009 by PNMsoft    Forrester's Zach Thomas wrote about Quantifying Employee Performance Management explaining the value to clients who are looking to better manage performance, identify top and bottom performers, implement pay-for-performance, especially in this economy... Read the full article

UK Government's Long-Term Economic Goal Posted on Monday, June 1, 2009 by PNMsoft    The UK Government's long-term economic goal is to secure and maintain economic stability, in order to achieve its objective of a fair society where there is security and opportunity for all. The world economy was hit by a succession of shocks during 2007 and 2008, with the financial crisis of late 2008 leading to a steep and synchronised global economic downturn. Recessions are being experienced in most of the world's major advanced economies and the world economy is set to contract by 1¼ per cent in 2009, the first fall in the post-war period. The Government is delivering a comprehensive package to support economic recovery in the UK, while ensuring sound public finances. Budget 2009 provides further targeted support to households and businesses... Read the full article

Best Countries for Business Posted on Monday, May 25, 2009 by PNMsoft    For the fourth time, Forbes Magazine has published its annual Best Countries for Business ranking. For the second straight year Denmark has taken the No.1 spot Forbes analyzed business climates in each of 127 national economies, focusing on degrees of trade freedom, monetary freedom like the right to participate in free and fair elections, or freedom of expression and organization... Read the full article

Best Large Workplaces in Europe 2009 Posted on Monday, May 18, 2009 by PNMsoft    Great Place to Work Institute Europe has published the 50 Best Large Workplaces in Europe 2009. For the second consecutive year, Microsoft won the Best Large Workplaces category with all 16 national branches included in the study. The Greek designer and manufacturer of swimming pools, Piscines Ideales, won the Best Small and Medium-Sized Workplaces category. The criteria is based on the relationship between employees and management, employees and their jobs/company, and the relationship between employees and other employees... Read the full article

Firing Employees - Alternative Posted on Monday, May 11, 2009 by PNMsoft    Cost-cutting is an essential component of survival. Companies are looking to save money, and cutting salaries yields larger savings. Restructuring correctly is not an easy task, nor a decision to be taken lightly. Before you start firing employees, here are three alternatives to consider ... Read the full article

Understanding the need for BPM Posted on Monday, May 4, 2009 by PNMsoft    We are living in interesting times. In the blink of an eye old orders are swept away (you remember Lehman Brothers, don’t you?). Companies everywhere are being forced to improve the way they do business in order to survive and to flourish. Managers are trying to make their organisations fitter and smarter. All these changes need to be implemented at a rapid pace and with limited budgets. But how?... Read the full article

Being a Project Hero Posted on Monday, April 27, 2009 by PNMsoft    From time-to-time, I get called in to help with a project that is in crisis. We've all been there. A project is running late, over schedule, over budget. The customer is starting to growl. Team spirit is low, the blame game starts. You step in. This usually involves working hand in glove with the project manager for few weeks until things are running smoothly again. The team get their fighting spirit back again. The project manager is grateful. The customer has stopped growling. Pats on the back from everyone. Hero leaves stage... Read the full article

G20 London Summit - The Top Ten Outcomes Posted on Monday, April 20, 2009 by PNMsoft    The Prime Minister’s Office has released a statement of the top ten outcomes from the G20 London Summit:.... Read the full article

Adding Collaboration to BPM Posted on Monday, April 13, 2009 by PNMsoft    In the last 12 months, we all have seen a surge in SharePoint implementations. I think that just about every deployment of our BPM platform has included Microsoft SharePoint. From my point of view, this solution is great, enabling us to add collaboration to our BPM offering. SharePoint does have basic workflow functionality that enables programmers to build simple document approval workflows, but is missing the complexity to create real-life corporate level workflows. We usually get called in to supply the missing functionality... Read the full article

BizTalk is not as sexy as Office Posted on Monday, April 6, 2009 by PNMsoft    We have been there before. You are meeting a potential customer to promote a BizTalk solution. But what to show them? The mapper ?, the orchestration designer? We can show BizTalk BAM (Business Activity Monitoring) but that is not the BizTalk core functionality and might confuse the customer who already use several BI tools.... Read the full article

Worlds Most Admired Companies Posted on Monday, March 30, 2009 by PNMsoft    Fortune Magazine published its annual list of the worlds most admired companies 2009. The Top 5 are Apple, Berkshire Hathaway, Toyota Motor, Google, Johnson and Johnson... Read the full article

Reducing Business Costs Posted on Monday, March 23, 2009 by PNMsoft    Research has shown that CIOs continually have to ensure that business demands are aligned with available IT resources and budget constraints. It is generally accepted that at least 80% of IT resources and budgets are spent on ongoing maintenance. This creates a dilemma for CIOs and IT departments who have to find ways of reducing operational costs, and designing and delivering solutions more effectively..... Read the full article

Process Simulation Skills Posted on Monday, March 16, 2009 by PNMsoft    Companies must use skilled employees to do the simulation properly. I understand the logic in advocating the use of simulation tools to complete a full BPM cycle, but I tend to disagree about the understatement of skills required to run simulation properly.... Read the full article

Mortgage Industry solution Posted on Monday, March 9, 2009 by PNMsoft    Mortgage Industry Solution to support the Financial Services Lending Sector helping these organisations improve its services to the Independent Financial Advisor community. The Mortgage Industry Solution will dramatically shorten Decision In Principle Loan cycle times providing automation and Straight Through Processing (STP) based on embedded business logic and business rules to enhance compliance and regulation while at the same time improving Customer Service and providing IFA user friendly services.... Read the full article

The Paperless Office - Replacing Paper with Electronic Forms Posted on Monday, March 2, 2009 by PNMsoft    A common myth is that technology has not yet advanced enough to create a paperless office. Nothing could be further from the truth. The main obstacle is not technology, but people. Replacing paper with electronic forms is easy, reduces business costs and wasted time. Not only is a paperless organisation more eco-friendly, but it also benefits in increased organisational efficiency, increased business visibility and enables you to abide to compliance, legal and regulatory requirements... Read the full article

Top 5 Business Trends and Technologies for 2009 Posted on Monday, February 23, 2009 by PNMsoft    PNMsoft’s analysts today highlighted the top 5 trends and technologies that will be strategic for most organisations in the business sector. These trends will have a significant impact on all organisations in the coming year: business intelligence (BI), green IT, workflow as a service (saas), government will play an increasing role, and business optimisation... Read the full article

Top 5 Myths about Business Process Management (BPM) Posted on Monday, February 16, 2009 by PNMsoft    This article deals with common software myths about business process management - BPM is workflow, BPM is only for complex processes, BPM is only for programmers, BPM is expensive, BPM projects are long term projects... Read the full article

Gartner commands top business and technology priority for 2009 Posted on Monday, February 9, 2009 by PNMsoft    Gartner, the leading analyst and information technology research company has published the top ten business and technology priorities for 2009. The business priority, Improving Business Processes, is the top business priority with more than 57 percent of CIOs reporting this as one of their top five business priorites, this year. Improving Business Processes has been the number one IT business priority since its introduction to the CIO Agenda survey in 2005... Read the full article

Banking Sector looks to BPM Posted on Monday, February 2, 2009 by PNMsoft    The Financial Service Authority (FSA) called this week for banks to invest in their IT systems as part of its proposals to beef up the Financial Services Compensation Scheme, which insures customer savings in the event of a financial collapse, and made the following recommendations... Read the full article

Steps for successful implementation of a BPM project Posted on Monday, January 23, 2009 by PNMsoft    Implementing a BPM project follows the well defined principles and methods of any IT project, but with additional caveats: Understand the capabilities of the BPM software and what you want your project to achieve. It is important to establish clearly what the BPM software can accomplish and the benefits it brings to the organisation... Read the full article

BPM for the Public Sector Posted on Monday, January 16, 2009 by PNMsoft    The public sector today faces a wide variety of challenges, including the need to improve organisational efficiency, minimize risks, enforce organisational policies and reduce internal process complexity. Managers are required to respond faster, streamline operations and automate manual tasks. BPM and workflow automation has become a powerful combination in helping the public sector and government agencies meet their organisational missions. BPM in the public sector comes in many forms and may include internal administration processes, constituent relationship management, economic development, case management, disaster centres, help desk complaint and enquiries... Read the full article

Workflow flowchart designer Posted on Monday, January 19, 2009 by PNMsoft    Until now, the ability to create workflow flowcharts has been the stronghold of experts using professional tools and high-level programming capabilities. In a modern organisation, reducing the development time for a new workflow process once a need has been identified can mean the difference between a valuable asset and a no longer relevant white elephant. The usual forced separation between analysis and development drains time and manpower resources, while making the entire project even more cumbersome... Read the full article

Workflow tutorial Posted on Monday, January 12, 2009 by PNMsoft    Workflow is the definition, execution and automation of business processes where tasks, information or documents are passed from one participant to another for action, according to a set of procedural rules. Organisations use workflows to coordinate tasks between people and synchronise data between systems, with the ultimate goal of improving organisational efficiency, responsiveness and profitability.Workflows makes processes more efficient, compliant, agile, and visible by ensuring that every process step is explicitly defined, monitored over time, and optimized for maximum productivity. Given optimal, up-to-the-minute process data, managers and employees can take quicker action and make smarter decisions... Read the full article

Beating the credit crunch Posted on Monday, January 5, 2009 by PNMsoft    Growing a business in difficult economic times can seem like an impossible task. Many businesses that once thrived are now introducing cost-cutting measures or making staff redundant in order to stay afloat. Customers can also be harder to find while securing finance is one of the companys greatest challenges because many banks have altered their lending criteria and boosted the cost of borrowing on overdrafts and business loans. But a recession can also present opportunities for a company to tighten its spending patterns, improve customer service and even find new markets for goods... Read the full article

How can Process Automation Help My Business? Posted on Monday, December 29, 2008 by PNMsoft    Business Process Management Suites (BPMS), one of the fastest growing software markets, offers what could be the most effective solution for improving processes, increasing efficiency, and complying with regulation, without incurring overhead or using the resource-draining double-systems approach Read the full article

Workflow software as a service Posted on Monday, December 22, 2008 by PNMsoft    Workflow software as a Service (SaaS) is a model of software deployment where the workflow server is hosted at the workflow vendor, and the workflow functionality is provided to customers across the internet as a rented service... Read the full article

Crisis Management - Rapid response to crisis situations and disasters Posted on Monday, December 15, 2008 by PNMsoft    In every crisis situation, whether induced by war, terror or natural disasters, the ability to act decisively, correctly and fast is vital... Read the full article

BPM Scenarios Posted on Monday, December 8, 2008 by PNMsoft    In a competitive business environment, management of an organisation's financial assets is the key to optimal business results. Tracking expenses, managing purchased items, and focused monitoring of suppliers and subcontractors can be effectively carried out... Read the full article

BPM for Financial Services Posted on Monday, December 1, 2008 by PNMsoft    The financial industry today faces a wide variety of challenges, including the need to improve profitability, reduce business process complexity, and gain better business insight in order to stay on top of their industry. Financial managers must respond to business events in real-time and looking forward to the new financial climate - challenges will get a lot more complex... Read the full article

BPM for Managed Services Posted on Monday, November 24, 2008 by PNMsoft    A combined BPM solution responds to the needs raised by the utilization of Managed Service resources: facilitating communications between the customer and the provider, providing ongoing real-time information, managing change requests and dynamic requirements, and integrating different teams into a single streamlined system... Read the full article