Enabling Management Insights
Wizsm delivers solutions which provides multiple perspectives and enables timely decisions.
Multiple Use Cases provides faster ROI.
Wizsm Process Mining Solution
Inefficient Processes Cost Money.
Organizations define their business processes within central process repositories, which detail and define the process the way they are to be executed (Design Processes), using tools such as Wizsm Process. Processes are then deployed using IT systems such as ERP’s, Workflows and other automation Systems such as Wizsm Trova. All these IT systems maintain transaction logs.
The Wizsm Process Mining Solution reads the transaction logs of these IT systems and recreates the process maps (Discovered Processes or “As-Is” Processes) using Process Mining techniques. This enables identification of process issues, and also of the impacts on other layers of the process, such as users, customers etc.
The Wizsm Process Mining Solution enables visual comparison between the “Design Processes” and “Discovered Processes”, to understand potential non conformances in the actual executed processes. The solution is targeted at the Technology, Process Optimization or Quality Team and supports multiple use cases as under.
- Automated Business Process Discovery (ABPD)
- Process Audits
- Process Optimization Initiatives
- Business Process Optimization
- Process Risk Evaluation & Process Compliance
- Process Investigation & Fraud Management
- Process Cost Reduction
- What does my Standard Process look like?
- How can I plan Process Improvements?
- What are the process variations compared to the defined process?
- Which process variations should not be occurring?
- How can an automated process be effectively audited with just sampling?
57 percent of organizations are automating processes in one or more business units or functions.
Another 38 percent say their organizations have not begun to automate business processes, but nearly half of them say their organizations plan to do so within the next year.
MANAGING COST OF PROCESS AUTOMATION IS CRITICAL
More than 50% of leaders of successful companies, understand the total cost of ownership of automation efforts very well or completely (McKinsey).
Only 28% of respondents from other companies say the same, underlying the importance of the cost of process automation.
Leaders need to make automation a strategic priority and deploy technologies systematically.
Decentralizing governance, internalizing automation’s costs and benefits, and identifying process bottlenecks, also contribute to the ongoing success of process automation.