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Business Performance Management (BPM) and Workflow provide businesses with scalable growth and continual improvement. Workflow enhances business processes while performance management measures the results. A good sports analogy would be that of the Penn Relay Carnival hosted since April 21, 1895 by the University of Pennsylvania at Franklin Field in Philadelphia. The relay races have four runners racing as a team to improve running times in distances from 400 meters (4x100 meters) to 4 miles (4x1mile).
Using four runners to complete the task instead of just one improves the time and performance of the race. Each runner at the end of their segment passes a baton to the next runner. This is a simple example of workflow. Multiple stop watches are used to measure the time it takes to complete a segment and the overall race time. The monitoring and use of these metrics help a team to continually improve and is a good example of performance management. xforty provides software to minimize growing pains and maximize business efficiency. We provide workflow technology to ensure your processes are reliable and scalable. We also provide a complete suite of Performance Monitoring tools which allow for individual and team scorecards with real time performance metrics.
Everything in business is a process, from sales forecasting, order processing, and tracking inventory to accounts receivable. Conducting business generally involves multiple individuals, decisions and approvals. Even simple tasks are often bogged down or lost in the shuffle.
BPM reduces costs and increases efficiency in the execution of business by providing employees with key performance metrics. Workflow technology allows employees to focus on revenue-generating projects by replacing personnel-intensive tasks with computer-automated actions. BPM and Workflow technologies together reduce expensive business errors by managing and monitoring the flow of activity and ensuring assignments are completed in a timely manner.