Why is business process reengineering so popular?

Why is business process reengineering so popular?

Are you wondering why business process reengineering is a term popping up everywhere you turn? Here’s a refresher: the term, "business process reengineering," was coined in the early 1990s. It is defined as the radical restructure of organizations by focusing on the ground-up design of their business processes. It’s the full-scale recreation of processes as opposed to an iterative optimization of sub-processes. Since inception, it’s been a wildly popular methodology, and it hasn’t lost any steam in 2018.

Technology plays an enormous role in the implementation of business process reengineering. In fact, emerging technologies that automate labor and resource-intensive processes or eliminate obstacles for swift delivery or customer service have propelled business process reengineering into even greater popularity.

In the '90s, we were waiting for technology to catch up! But with machine learning, AI, workflow automations, and cloud technologies taking over core processes, business process reengineering is no longer just a concept.

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What is business process reengineering?

What is business process reengineering?

Business process reengineering is not a particularly new term or methodology. In fact, it made its first appearance in an article in the 1990s, 20-some years ago.

This article was written by Michael Hammer, a computer science professor at MIT. Hammer defined business process reengineering as the act of recreating a core business process with the goal of improving product output, quality, or reducing costs.

What is business process reengineering? It's a company's approach to change: rethinking how technology could be used throughout their workflows to create new processes. Typically, this involves first analyzing these core workflows and identifying processes that are under-performing or inefficient and then finding technology solutions to better them.

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How the rise of electronic forms helps business process reengineering

How the rise of electronic forms helps business process reengineering

Many companies—and some industries—still rely on paper for their core business processes and operations. But the “go paperless” revolution has brought on new technologies that are designed to overhaul the processes that have traditionally required paper documentation. Technology, like enterprise content management (ECM), has been a major motivator for companies to implement business process reengineering methodologies.

"Reengineering" in this case means radical change, not just minor adjustments to negligible issues in your workflows. This technology is meant to disrupt the way you’ve always done it when it comes to data capture, record storage, content and document management, and information exchange. How can electronic forms help you reengineer the core processes in your business?

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3 business processes your finance department should be updating

3 business processes your finance department should be updating

To say the role and value of the finance department is continuously changing would be a gross understatement. When it comes to business process reengineering, finance is often the first place to start! Finance department processes are great candidates for automation. Automating finance processes can:

That’s why finance leaders within your organization should be tasked with business process reengineering objectives to ensure that the department is consistently producing efficiencies. Here are three areas where updating through process reengineering in your finance department will make a significant impact.

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Are electronic forms going to disrupt your business processes?

Are electronic forms going to disrupt your business processes?

It’s no secret that businesses in industries worldwide are in the middle of a seismic shift from paper to digital-centric ways of working. The transition hasn’t always been smooth. In fact, at times the waves of change have capsized businesses that were ill-prepared or were consumed by the transition from a paper-reliant process.

But paper has a way of clogging systems, and that’s what the digital shift has been working to eliminate. More specifically, paper forms have a way of piling up, slowing down operations, and becoming an obstacle to efficiencies.

Valuable information often sits in these paper forms even though they are a primary method of collecting, organizing, and actioning the critical data required for effective business operation. That’s why it’s essential to handle the transition from paper-based forms to electronic forms properly, so as not to completely disrupt your core business processes.

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