Business Process Flows (P2P, R2R and O2C)
Business Process Flows are designed as a set of multi-step business activities (mostly inter-dependent & cross-functional) to achieve what is planned or desired through the Organizational Objective.
Below shown 3 images depict the major Business Process Flow normally discussed in the Finance & Accounting Industry and for the purpose of Systems Implementation like ERP (Enterprises Resource Planning Systems). As we are aware, there are three main pillars of robust Business Process Management that is People, Process and Technology, it is vital to deploy and use the latest technology while we channelize the available resources through robust business processes.
Typical Purchase to Pay (P2P)/Source to Pay(S2P) Business Process Flow
Typical Order to Cash (O2C)/ Quote to Cash (Q2C) Business Process Flow
Typical Record to Report (R2R) Business Process Flow
In most of the commercial business enterprises, Business Value maximization remains the top objective and that is achieved only when the customers and investors are satisfied. All the Business Process Flows are designed in such a way that the objective of the enterprise is met with the satisfaction of all the contributors so that sustainability is guaranteed.
Why Business Process Flows are important to be implemented?
To successfully compliment the activities performed by different entities in the organization towards the direction of fulfillment of the objective behind enterprise existence.
Robust implementation of Business Process Flows in an Organization ensures Maximizing Business Value.
How Business Process Flows are implemented?
Business Process Flows are implemented through efficient usage of Technology, People and Robust Processes.
Images shown above covers just a few example of Business Process components such as Departments in Organization, Business Process Activities, System Applications widely used for Business Process Management (BPM). Using BPM methods, resources/people working in various departments perform complimentary activities in one or other business processes in best suitable way. Information Systems (IS) such as ERP, BI, Data Centers, MDM, CRM etc. further support BPM components in achieving the desired results.
Enterprise Resource Planning (ERP) Systems helps implementation of Business Processes in its true sense and helps different entities of an Organization work unidirectionally.
The objective of this post is to give a fair idea about the Business Process Flow concept. Detailed information will follow in upcoming posts. Keep Learning.
Watch out for other article on Business Process Re-engineering
2 min learning-Business Process Re-engineering