Strategic Business Management provides a framework to decision-makers, for anticipating and directing organisational activities. It reduces risk of a business’s operation by offering solutions to innovate and take early actions. It provides a clear picture to organisations directing them towards, what to do, when to do and how to do, ensuring better performance in businesses. Strategic Business Management has the following importance in an organisation: –…
Category: General
Business Process Management
Business Process Management (BPM) is an ongoing activity that measures businesses by analysing, modelling frameworks, executing strategies, making improvements and monitoring processes. It is a systematic approach to improve an organisation’s business process. It simplifies the workflow within an organisation and includes Continuous Process Improvement (CPI) methodologies to optimise business productivity. BPM helps to:- Accelerate…
What is Strategic Business Management
Business strategy consists of a group of choices that positions any business in industry to generate greater financial returns. Identifying right choices is not easy or an obvious decision to make, but decisions such as these need to be made and executed using the finite resources available. Strategic Business Management includes decisions and actions, which…
Principles of Analytic Process Automation (APA)
Analytic Process Automation (APA) is using machine learning and analytic algorithms for the automation of data analytics and business process. APA is the integration of analytics, data science, and process automation and is an easy way of growing users for the business because of its self-service model. Now is the right time for APA because…
Analytics Process Automation (APA)
Analytic Process Automation (APA) is using machine learning and analytic algorithms for the automation of data analytics and business process. APA is the integration of analytics, data science, and process automation and is an easy way of growing users for the business because of its self-service model. APA platforms provide organisations to accelerate data-driven business…
Features of a Good ERP Solution
Enterprise Resource Planning (ERP): Every organisation small, medium, or large has a variety of functions including, but not limited to, finance, human resources, procurement, compliance, risk management, operations, distribution, and others. ERP software is used to automate all business process within these functions. It is integrated into the business to streamline complex business processes and…
Digital Transformation – Integration of Business and Technology
As evident from the title, the Digital Transformation is the integration of digital technology into all areas of a business, in such a way that it fundamentally changes how you operate and deliver value to your customers. It’s also a cultural change that requires radical rethinking of how organisations need to continually challenge the status…
How Can a Business Management Solution Enable IBP?
Integrated Business Planning or IBP is a cyclic planning process that focuses on collaboration of various departments within an organisation. Collaboration can be achieved easily with an online business management solution. The solution / software enables all stakeholders to send and receive the latest business data and share their insights. Business Management becomes more complex…
Customer Relationship Management (CRM) vs Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM) CRM systems manage the interaction between an organisation and its customers. Organisations use CRM to automate the process of sales & marketing and after-sales services. Sales & Marketing Teams use CRM to increase customer satisfaction and revenue by creating a central repository of customer data that can be used by all…