This Research Brief highlights a selection of the findings from BPMInstitute.org’s State of BPMSM survey. It discusses the continual challenges insurance companies face in a very competitive environment such as attracting new customers, rapidly delivering quotes, selling additional services to customers, managing underwriting risk and meeting regulatory requirements. Since business process management (BPM) is the practice of improving the efficiency and effectiveness of any organization by automating and optimizing the organization’s business processes, it is a key technology component of IT initiatives to produce a more responsive insurance company.
Maximizing ROI in BPM Projects: Measuring Success and Proving BPM’s Value
In today’s data-driven world, every project—especially those involving Business Process Management (BPM)—is expected to demonstrate tangible returns. Whether you’re doing a critical workflow, streamlining a cross-departmental process, or implementing a new BPM...
