BPMs or Business Process Management software tools are something most new entrepreneurs view as unnecessary. The common understanding is that BPM software is only necessary for big companies.
This is a mistake.
While BPM tools are essential for big and mid-sized companies, they are also crucial for small companies and startups. Yes, SMEs (small and mid-sized enterprises) can function without BPM software but they have a much greater chance for survival and success if they incorporate some BPM tools sooner rather than later. And that’s even truer for startups.
So, what are the benefits of a BPM system for a startup?
1. Streamlining business processes early on
One of the biggest challenges for any startup is figuring out how to optimize its processes. Startups in new and poorly understood niches have an even harder time doing that.
This is exactly where good BPM software can be priceless as it can show how the startup should allocate its limited resources. A staggering percentage of startups fail because they invest their resources poorly. And since every startup is different, researching and planning can only get you so far.
2. Organizational mapping
BPM tools require thorough operational analysis in order to be effective but they also help to achieve it. Proper organizational mapping of a startup’s structures and methods is easily done with a good BPM.
This is especially true when it comes to identifying bottlenecks in the critical processes of your business. This will help you not only streamline your processes but also eliminate unnecessary organizational complexities, accidental functional duplications, and many other inconsistencies that may cost your startup critical resources.
3. Outsourcing organization
Startups and SMEs rely on outsourced contacts much more than larger companies. Having the right contacts and outsourcing options is often the deciding factor for the survival and progress of a startup. Good BPM software can help you determine which processes can be outsourced or whether it’s more cost-effective to keep them in-house.
4. Incorporating automation
In addition to outsourcing, automation is another way that startups can save time and resources. The problem with automation, however, is that it should be implemented adequately or it can cost you more time and energy than it saves.
This is where the BPM comes in – good BPM tools can help you decide which processes are worth automating. Automations of FAQs, email templates, and email inboxes alone can save you a surprising amount of time and effort.
5. Business process analysis
Once the processes in a startup start operating seamlessly you can usually start breathing easier. Even then, however, BPMs offer their most crucial function – a continuous business process analysis. Even after all the process mapping, automation, and outsourcing is done, having good analysis at your disposal will continue to help you determine what is going well, what needs to be improved, what can be done in the future, and so on.
In short, a BPM can help a startup develop into more than just a startup.