RapidValue BPM helps organizations align strategies with objectives, make meaningful operational improvements, manage ongoing change, and reduce the risk of their transformative efforts. Today, we take one common RapidValue usage scenario as an example to see how the solution facilitates business transformation.
In my previous blog post, I discussed how RapidValue, our business process management (BPM) solution for Microsoft Dynamics AX, can assist companies in managing business transformations, from conception to assessing the outcomes.
In RapidValue, companies can translate almost any conceivable operational and transformational goals into the proper alignment of strategy, resources, processes, and applications. Some of the typical objectives which companies have achieved by making use of RapidValue include reducing inventory levels, increasing profit margins, improving manufacturing efficiency, introducing a new service or new product, and acquiring another business.
One frequent scenario, optimizing a company’s cash flow, can serve to illustrate many others. The basic role and use of RapidValue are the same in any business transformation that aims to improve how people, processes, and applications work.
Like many businesses, our sample company seeks two main outcomes in improving its cash flow. It wants to reduce the accounts receivable days outstanding and, at the same time, optimize payment processing and take advantage of cash discounts offered by vendors. In the beginning, stakeholders define these two objectives as precisely as they can.
In the next step, the stakeholders need to establish the right relationships between the processes and the two goals. Once they have done that, they also know which people and roles are affected. They can then target the to-be-improved processes in a RapidValue customer solution.
Sharpening the focus on the processes involved in reducing days sales outstanding (DSO), the next step is to define the changes that need to take place to bring DSO to 31 days. This happens in the implementation setup of the RapidValue customer solution. Stakeholders identify a number of requirements against gaps in preparing for the business transformation.
These requirements, once resolved and reconciled with the new DSO approach, turn into changes which key roles can test and either approve or reject. RapidValue INTERACT, our social BPM app, helps to gather the employee feedback and further improvement suggestions prompted by the process changes.
Finally, the company can use the standard Microsoft Dynamics BI tools to measure the actual DSO reductions.
As you see, we designed RapidValue to make BPM practical and eliminate needless complications from it.
In the next blog post, we will consider a few other business transformation scenarios in which RapidValue helps companies benefit from operational improvements, better strategic alignments, and reduced risk. In the meantime, if you have any feedback or questions, please send me here.