How to Establish a Process Center of Excellence: Steps, Benefits, and Best Practices
Process excellence is the cornerstone of a thriving business. Yet, many organizations struggle to maintain a consistent focus on improvement. A Center of Excellence (CoE) provides the structure and resources needed to drive continuous optimization, ensuring that operations remain efficient and effective. Discover how to develop a Process Center of Excellence in our comprehensive guide. […]
How to Secure Buy-In for Your Process Improvement or Process Management Initiative
Have you been handed a remit by an executive to build a process governance function? Are you the only one on the team thinking, “There has to be a better way”? Or maybe this isn’t new; it’s exactly what you were hired for. If you haven’t already found out, you will soon discover that managing […]
What is Process Excellence? Top 5 Strategies to Achieve it
All companies want to achieve growth, but what happens when that growth comes at a price? Your products are superior, you have a great team, and you have an ambitious business plan. It’s easy to focus on immediate success, but the higher your company reaches, the more it seems to forget. From unpaid invoices to […]
Defining Your Why in Process Optimization
It may seem obvious, but the first question you need to be able to answer before embarking on any process optimization journey is also the most significant: Why are we doing this? In the broadest sense, the answer is that a business is the sum of its processes. The most successful businesses are those that […]
Leveraging Existing Systems for Process Improvement
Taking inventory is a critical step in optimizing your processes, especially when you have a clear understanding of your “why” and “who.” It involves assessing the resources at your disposal, the core systems already in place, and the applications currently in use. Whether you’re starting from scratch or looking to improve on existing investments, a […]
What is Process Simulation? The Complete Guide
Inefficient processes can cost businesses up to $1.3 million a year, with resistance to change and outdated workflows being the main barriers to getting ahead of the curve. According to a study by the American Productivity & Quality Center (APQC), organizations that prioritize process improvement plans experience an average cost savings of 20% to 30% […]
Business Process Design: How to Create Optimized Processes
Whether replying to customers, preparing a product/service for the market, or managing internal departments day to day, efficiency in your business isn’t just an advantage—it’s a necessity. Companies striving to stay ahead of the competition must master streamlining their operations. This is where business process design comes into play. It’s the strategic blueprint for transforming […]
What Is Business Process Management & Why Do Companies Need It?
Efficiency and adaptability are key to staying competitive in business. This is where Business Process Management (BPM) comes into play. BPM isn’t just a buzzword; it’s a critical framework that allows companies to streamline operations, improve efficiency, and adapt to ever-changing market demands. Whether you’re a small startup looking to scale or a large corporation […]
Process Mining vs Task Mining: Exploring the Key Differences and Applications
Did you know that operational inefficiency costs the average company 20-30% of its annual revenue? While businesses in all sectors face high competition, tools and applications streamline and automate specific processes. The big question is, are you optimizing your operations to ensure efficiency? Data analysis is critical to uncovering vital insights about your processes and […]
How to Import Visio Process Diagrams to Quickly and Easily Create Process Models
At iGrafx, we understand the importance of continuous innovation to provide our users with superior tools for optimizing their business processes. We’re excited to unveil a feature that seamlessly merges traditional process mapping with modern process modeling: the capability to import Microsoft Visio model process diagrams and generate BPMN process models directly within Process360 Live. […]