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Process Costing: A Simple Method to Find How Much Your Processes Cost

Posted by Michael Cousins on 21/06/17 11:42

In virtually every organization one of the key aims is to save your business money through process costing and the identification of more efficient processes. Cost is one example of a quantitative metric and the advice outlined in this article applies equally to any quantitative metric, for example one could just as easily focus on amount of effort involved, numbers of people, elapsed time from start to finish, the amount of defects introduced, the amount of customer complaints received and so on...

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Topics: Increasing ROI, Process Improvement, Process Mapping

How to Get the Best Return on Investment From 6 Common Business Goals

Posted by Michael Cousins on 28/03/17 12:30

Of concern to senior managers in nearly all organisations is that resources are invested in those projects that deliver the best return on investment. The long term potential of an organisation rests in the ability of senior management to make these investment decisions well...

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Topics: Increasing ROI, Process Improvement

This is How to Get the Best ROI From Process Mapping Software

Posted by Emma Harris on 03/03/17 13:56

We all want to get the best ROI possible from any business purchases. Being sure of the value of purchases is critical to getting the best ROI from your process mapping software and convincing stakeholders to greenlight the purchase.

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Topics: Increasing ROI

10 Ways to Stop Wasting Money and Increase ROI (Video)

Posted by Emma Harris on 22/02/17 11:53

The bigger the company, the bigger the potential return on investment by cleaning up internal processes and instilling an improvement culture into the workplace.

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Topics: Increasing ROI

How to Calculate Return on Investment with Business Process Management

Posted by Brad Fagan on 03/01/17 17:52

Nothing gets us into the 'New Year' spirit quite like increasing profits and achieving ROI. Making changes in your processes is an easy way to save time, money and ensure you aren't leaking money all over the company.

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Topics: Increasing ROI

How To Get the Best Return On Investment From Process Mapping Software

Posted by Emma Harris on 14/12/16 12:36

When looking at software for process mapping, the expected return on investment (ROI) is absolutely central to our decision to buy any process mapping software. We want to be confident of a substantial return on both the cost of the software and all time spent using it.

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Topics: Increasing ROI, Process Mapping

Return on Investment: Why Business Process Management Is Crucial

Posted by Brad Fagan on 17/11/16 11:33

There’s perhaps no three words that are sweeter to a business person’s ears than ‘Return on Investment’ or ROI.

Many entrepreneurs get into business with high hopes of climbing that money tree, shaking it until they make their profits and then watering and nurturing it until it’s time to harvest those profits all over again.

In your pursuit of that magical ROI however, you may have neglected the cow of Business Process Management in favour of the magic beans that may come from chasing the more lucrative option. And sure, who doesn’t like the sound of a magic beanstalk growing in their business backyard? However, I would humbly suggest that you can have the magic beans, the cow and milk it too.

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Topics: Increasing ROI, BPM

Calculating Return on Investment (ROI) on Business Process Management (BPM)

Posted by Emma Harris on 15/09/16 16:02

A recent Gartner research note states that 80% of organisations conducting business process management (BPM) projects will experience an internal rate of return better than 15%.

Of the 20 companies who responded to their survey, 55% had returns in the $100,000 to $500,000 range per BPM project.

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Topics: Increasing ROI, BPM

How can Triaster save you money? [Infographic]

Posted by Isobel Witts on 01/02/16 13:30

infographic-cost-savings

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Topics: Increasing ROI, Process Improvement