Solutions Review: 5 Business Process Management Vendors to Watch in 2018
Tuesday, October 31, 2017
Photo Credit: solutionsreview.com
Business Process Management (BPM) is the practice of aligning business goals and processes as companies and organizations evolve. BPM software is often deployed to help organizations gain a competitive advantage by assisting business leaders to improve organizational performance by analyzing, designing, implementing, controlling and modifying operational business processes. It can also help organizations define the steps required to carry out a business task, mapping these definitions to existing processes, and then streamlining or improving these processes so that the steps taken to complete them are more efficient.
In that spirit, we’ve turned our gaze to the future of BPM software. Whether its inclusion in a recent analyst report, the release of an innovative new tool, or a bump in venture funding, these are the providers that have earned watch list status for the year ahead.
Recently recognized in Gartner’s latest Magic Quadrant for Intelligent Business Process Management Suites (iBPMS), the bpm’online platform offers strengths in its case designer capability, with milestones clearly spelled out at the top and related tasks and processes listed underneath each phase of the case. It is relatively straightforward to configure the workflows, screens and rules using the platform. Bpm’online hosts an online marketplace that offers users of the platform add-ons to enhance the platform capabilities.
Their BPM solution, bpm’online studio, helps organizations leverage intelligent technologies that allow users to automate time-consuming operations, take advantage of pre-built solutions for marketing, sales and service on top of the BPM platform, and build apps and solutions faster with bpm’online low-code development platform.
Pega 7 BPM streamlines operations to reduce costs and improve business agility. Analysts recognize Pega as the most comprehensive BPM suite to combine Robotic Process Automation (RPA) and BPM in a single, unified platform. Pegasystems BPM software enables business stakeholders to accelerate enterprise app development through visual tools (no coding), support for business/IT collaboration, and continuous improvement by allowing user modifications to running apps in a controlled way.
“Standardize business processes across your global enterprise while providing for governed variations to optimize your business applications in each business unit, geography, and legal jurisdiction.”
K2’s all new low-code process automation platform comes with completely re-engineered and re-designed designer’s (workflow/forms), management portals, user interfaces, etc. The platform can be deployed in one of two (or both in hybrid use cases) deployment models: K2 Cloud, a managed cloud service, which takes all of the K2 functionality and puts it into the cloud without constraints. K2 Five is a new on-prem version of K2. All of this builds upon the industry leading functionality of K2 blackpearl, their previous on-prem version.
“With intuitive and powerful tools, organizations can rapidly deliver mission-critical applications as well as fast-changing, lightweight departmental processes, all with a single platform.”
The Appian BPM platform combines low-code development with process management to allow IT and citizen developers to construct process-centric and case-centric applications. It allows enterprises to dynamically alter processes for ongoing process improvement, and supports intelligent business processes that support business transformation.
“Build web and mobile apps faster, run them on the industry’s most reliable cloud, and manage and optimize your most complex processes, end-to-end, without limitations.”
5. TIBCO Software
TIBCO Software is a leading middleware “stack” vendor with a substantial and growing BPM business. TIBCO’s robust real-time analytics and operational intelligence capabilities are well-suited to business outcomes. ActiveMatrix BPM has strong integration capabilities and provides a message-oriented middleware, an API management tool and a variety of prebuilt adapters for common enterprise applications. Lastly, TIBCO offers hybrid cloud development capabilities.
“TIBCO’s ActiveMatrix BPM facilitates valuable business insights and actions by presenting the right data to the right person in a consumable fashion at the right time. This capability allows companies to fuel digital transformation by enabling better decisions and faster, smarter actions. We provide solutions that can truly transform your business, not just automate it.”
Elizabeth Quirk — Enterprise Technology Writer
Liz is an enterprise technology writer covering Enterprise Resource Planning (ERP), Business Process Management (BPM) and Talent Management Suites (TMS) at Solutions Review. She attended Massachusetts College of Liberal Arts, where she attained a Bachelor of Arts Degree in Journalism. You can reach her at firstname.lastname@example.org
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