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Hybrid Approach for Extending BPM with lower risk

"Hybrid Approach for Extending BPM with lower risk"

Extend BPM and Lower Risk with a Hybrid Approach

White Paper: BPM Partners

How does a hybrid approach to performance management disrupt conventional solutions while preserving the value of spreadsheets?

The hybrid approach to performance management is basically a design approach that combines a centralized database, workflow, and protective governance of spreadsheets for both input and output vehicles.

This whitepaper examines the tradeoffs of the relatively new hybrid approach, and how it wraps data governance around the spreadsheet as an input vehicle.

In this whitepaper, you’ll get to know more about:

  • How spreadsheet-based performance management provides a competitive advantage, extends performance management into other application areas, and lowers risk

  • How hybrid solution imposes workflow on data collection and the protection of audit capabilities around budgets and report numbers that export to a spreadsheet for analysis and usage

  • The benefits of mixing Excel spreadsheets with key aspects of packaged applications for business performance management

Extend BPM and Lower Risk with a Hybrid Approach
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What is

What is Risk Management ?

Risk management is the way of identifying, measuring and dealing with the threats to an organizations capital and earnings. Definition according to ISO 31000 Risk management is the way toward assessing the chance of loss or damage and finding a way to battle the potential Risk.

What is Business ?

By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.

What is business process management ?

Business process management is a systematic approach to business processes of a company which cover how we think, change, and monitor business processes so they run easily and can be enhanced after some time. BPM (Business Process Management) is a field of management that acts as a systematic approach for making organizations Workflow more effective, more efficient and hence improving the corporate performance by managing business process in the organizations.

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