Business Activity Monitoring or BAM, is the the automated monitoring of business process
activity affecting an enterprise. BAM is generally implemented as a module of
ERP, BI, EAI or BPM products. BAM requires a business to identify its Key
Performance Indicators (KPIs) and create a system that allows monitoring and
responding to changes, preferably real time.
Virtually for everyone in a
organization can benefit from BAM. Business Activity Monitoring enables a
company to respond faster to new opportunities and threats. BAM is not
just about technology, but about recognizing a business' KPIs
and implementing the right technology in place to monitor them.
- BAM provides Real-Time, Graphical Key Performance
Indicators & Analysis
- BAM enables control and manage ongoing business
operations using closed-loop visibility.
- BAM will enable you to respond quickly to change based
on business events as they occur.
- BAM enables zoom in on cross-process metrics with
real-time analysis to determine which processes are creating bottlenecks
or which customer is most profitable.
Business Process
Management or BPM makes it easy for companies to program their current
processes, automate their execution, monitor their current performance and make
on-the-fly changes to improve the current processes.
- The process managed enterprise is the company of the
future.
- A BPM software enables you to automate those
tasks that are currently being performed manually. Many of these tasks
require some type of application process, approval or rejection process,
notifications and status reports. A BPM solution can make these processes
automatic.
- Handling exceptions is an area where BPM really shines.
Organizations have few problems when its process run smoothly ninety nine
percent of the time. However, it's the one percent that are exceptions
that dominate the majority of the company's time and resources.
- BPM is excellent for processes that extend beyond the
boundaries of an enterprise and communicate with processes of the
partners, customers, suppliers and vendors.
- BPM Gives businesses the agility to stay competitive
- BPM reduces the time elapsed in a business process
- Increases the productivity per person
- Business process consists of many steps. A typical BPM
initiative reduces the number of steps by 50%.
- A Business Process needs many people and resources. A
good BPM should reduce the number of resources needed for the same
process.
- BPM helps improve coordination across departments and
geographic locations of a company
