We know that improved processes means greater efficiency, reduced costs, and improved outcomes. However, organizations have historically struggled to quantify the financial impact of process improvement initiatives. This can be a significant challenge, as without, it is difficult to see whether the actions you take are actually helping your business thrive. In extreme cases, this can even lead to process improvements being scaled back and/or de-prioritized, as senior management lack the concrete statistics to determine the value of the initiatives.
Understanding the way your business works, identifying opportunities for process optimization, and then measuring the outcomes; this is the secret to a sustainable cycle of improvement. In fact, this monitoring and measuring should never actually stop, even when a strongly positive result is determined! A commitment to continuous improvement, informed by rigorous data collection, should form a cornerstone of the way any business operates. The question then becomes, how can a company track and measure their return on investment? To help organizations answer, Signavio has commissioned a full study into how process optimization can create value within businesses of all shapes and sizes.
Research and advisory firm Forrester examined the potential ROI enterprises may realize by deploying the, offering a valuable insight into how to achieve a 123% ROI with process management. But don’t just take our word for it! See below for a summary of the study’s key findings:
To find out more about how to achieve a 123% ROI with process management in your own business, download your free copy ofof the Signavio Business Transformation Suite. If you’d like to start getting a return on your own business transformation investment, sign up for a with Signavio today!