Triaster Blog

Process Mapping: How do You Measure Process Improvement?

Posted by Chrissy Noble on 20/03/18 10:20

Process mapping and cost to benefit value is an important aspect of any business but how do you measure process improvement? So many businesses fail to document their ‘as is’ process or consider their ‘to be’ method. In 2017, the UK was home to 5.7 million private sector businesses. When undertaking a project, every company’s goal is to see the best return on investment (ROI) and to do this a business needs to perform a cost benefit analysis (CBA).

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Topics: Increasing ROI, Process Mapping

How this Successful Process Improvement Example Resulted in £350k Savings [Infographic]

Posted by Lynn Dudenhoefer on 27/02/18 12:15

Successful process improvement examples are often hard to come by. Tangible information about real-life savings remains difficult to access. Many businesses refrain from sharing their Process Management results, leading to a lack of transparency in terms of monetary savings within the continual improvement market.

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Topics: Increasing ROI, Process Improvement

The Cost Savings Benefits of Business Process Management [An Analysis]

Posted by Lynn Dudenhoefer on 20/12/17 11:52

When looking at purchasing a BPM System, it can be hard to justify the investment when you aren't sure of the real potential benefits of Business Process Management software. Recently, the New Charter Group (one of Triaster's customers) provided us with their thorough cost savings analysis - which is why we are now able to show you what a potential organisational cost saving could look like and demonstrate why Business Process management is important.

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Topics: Increasing ROI, Process Improvement

10 Business Improvement Techniques to Stop Wasting Money

Posted by Emma Harris on 10/10/17 12:29

Having an effective business strategy is more than just finding new and improved ways of getting new customers, it's also about implementing the type of business improvement techniques that stop waste and ensure higher levels of efficiency.

Waste is the real killer in business. It has been estimated that as much as 95% of our business processes are wasteful - that's a great mark for an exam, but pretty appalling if you don't want to pump money straight down a funnel. 

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Topics: Increasing ROI

Get Best Return On Investment From Business Process Mapping Software

Posted by Emma Harris on 14/09/17 12:10

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

What’s more, we probably need to quantify the expected return in order to secure budget for the software purchase and the project that it is to be used for.

There is no dispute that process mapping is one of the pivotal BPM tools, central to any improvement initiative, but you shouldn't just look for a process mapping tool, you should be looking to find software that offers the best return on investment for your Process Mapping projects - here's how to do just that...

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Topics: Increasing ROI, Process Mapping

How to Calculate ROI on a Project Using Business Process Management (Video)

Posted by Brad Fagan on 24/08/17 12:24

If you are trying to work out how to calculate ROI on a project, you may want to look at the potential cost savings that Business Process Management can provide - the results can be very surprising.

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Topics: Increasing ROI

Saving £300k With Business Process Management Software [Infographic]

Posted by Brad Fagan on 27/07/17 14:06

If you weren't convinced of the business benefits of Business Process Management software before today, you might just change your mind after reading our infographic explaining some of the real ROI benefits.

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Topics: Increasing ROI

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

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