Benefits of Optimizing Your Business Processes

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A key focus of many organisations is the ability to optimize their current business processes. Business processes are the foundation to running a business or organisation effectively, however over time business operating procedures and processes can become inefficient, wasting time and resources. According to market research firm IDC, this can cost businesses 20 to 30 percent of their yearly revenue and also lead to internal dissatisfaction and missed opportunities for growth. To ensure businesses continue to grow and operate effectively, it is important for companies to regularly revaluate and update their business processes.

There are three main benefits to optimising business processes:

1. Increased efficiency
By identifying the inefficient systems in place and automating tasks, an organisation can work towards optimizing their business processes. Eliminating inefficient processes will allow employees to be more productive as they can focus on more important tasks on hand. As processes become more efficient, they will also become more effective which will lead to better informed decisions and execution of tasks and assist with organisational growth.

2. Access to accurate information
A key part of process optimization involves having a central repository that can deliver accurate information at any time of the day or any part of the business cycle. By having this single source of truth that is accessible by all relevant parties it creates value to an organisation by ensuring that all information communicated is up-to-date and useful.

3. Improved flexibility
If business processes are optimized successfully, it will result in more flexibility, meaning that individuals, teams, departments and organisations can respond in an agile manner and adapt to any significant changes affecting the business. Subsequently, businesses are able to cope with sudden mishaps and remain competitive within the market.

It is clear to us that an organisation needs to regularly update their existing processes to operate efficiently and effectively. Implementing a business management system that is a true reflection of an organisation’s current processes, controls and deliverables allows organisations to function at their highest potential and manage their growth in an ever changing business environment.

Quality Management in the Disability Services Environment

The change to the NDIS in the disability services provider market within Australia has forced providers to look at their viability and quality standards, and organisations must adapt to a new person-centric business model or perish.

The disruption means services now have stricter pricing controls and there are considerable administrative overheads in everything from requesting payment for services, to meeting the quality standards. These have contributed pressure to the bottom line. Most providers have responded positively to this by looking at ways to improve productivity; however there are still opportunities to streamline operations further.

Why Usage Data is Important For Change Management

Usage data is one of the most effective ways of evaluating the relevancy and value of a system. By knowing what users are viewing or not viewing, organizations are able to understand what is of value to their users and effectively manage when change needs to be communicated. Effective change management requires the use of data but few companies are transforming their data into insights to understand the needs and interests of their users.

Holocentric Launches Centro FREE™ – A Free Online Resource for NDIS Service Providers

As the NDIS continues to gather momentum, many disability service providers are feeling the effects of significant change. Holocentric’s research at the recent NSW National Disability Service (NDS) Conference showed that 76% of NDIS service providers were highly concerned about achieving a clearer understanding of NDIS policies and changes as well as streamlining the approach to NDIS compliance.

Social Engineering – Why Your Company is at Risk

With the rapid emergence of new IoT devices and cryptocurrencies comes with it a plethora of new security vulnerabilities for social engineers to exploit and work their way into an organization’s sensitive data. But the real question is – what is a social engineer?

You have probably heard the phrase “humans are the weakest link” being tossed around within the cybersecurity sphere. But what does this really mean, particularly within the context of social engineering? Well, what if I told you human psychology could be leveraged to steal an organisation’s sensitive data?

Managing Digital Transformation in the Healthcare Industry

As the world becomes more digitalised, it is only likely that companies will follow suit to satisfy consumer expectations. For the healthcare industry, big data, advanced analytics, sensor-enabled devices, and 3-D printing are all technologies that have the ability to impact the way healthcare companies develop products and provide services.

According to research by McKinsey & Company, the healthcare industry falls far behind in their digitisation efforts. Therefore, to meet the rising customer expectations, healthcare companies are integrating the latest technologies into existing business models and IT architectures to improve services. As well as this, with more new, non-traditional entrants making their way into the industry, it is important for healthcare companies to increase their digitisation efforts to compete.

The Year of the Digital Twin

I run the risk of the over-use of the word digital which seems to be the topic of much research and marketing spin, and yet is prevalent in the strategy of most organisations. Whether this is digital transformation or digital disruption, technology is affecting most industries on a scale never seen before.

Change is big. At Holocentric, we aim to help you undertake change more effectively and at lower risk. 2018 will see the introduction to a new range of solutions that move further into the operating space, commencing with the implementation of change initiatives. We are accustomed to understanding complexity and will continue to offer solutions that aim to reduce complexity and deal with the many details that change initiatives entail.

Year in Review 2017 - Message from the CEO

2017 is about to finish and we are celebrating a great year of growth in the company. More importantly, we have seen our customers achieve a variety of excellent outcomes and so much more with our products. These range from strategy and benefits realisation to process improvement, systems implementation, transformation, knowledge management, metadata management and governance. Compliance and regulation are two aspects of governance that are often top of mind for senior executives, so are the focus of our newsletter this month.

Large, complex organisations are realising the need for management knowledge through a single source, to align strategy to execution and to be able to implement change and transformation more quickly and more often. At Holocentric, we call this a Business Management System (BMS). It has been very encouraging to hear from Gartner over the last 12 months of the need for a Business Operating System, which is very similar in concept to our BMS.

Managing Regulation Changes with a Modelling Approach

Despite being one of the most important areas of doing business, research has shown that more than half of Australian businesses struggle with compliance. However, failure to comply with industry regulations can have serious and dire consequences that result in heavy fines, trading restrictions and sometimes even jail time for directors.

Legislation and regulation is constantly changing and it can be daunting for businesses due to the level of documentation and frantic activity that often surrounds compliance audits. This can make the process be seen as less of an ongoing quality control mechanism and rather, a costly reactive imposition with little benefit.  

BMS 3.2.0 Now Released

Our team at Holocentric is excited to announce the new release of our long-awaited BMS 3.2.0. The new BMS 3.2.0 release has introduced various new features that will help organisations be more efficient and productive. These include a redesign of the authentication for Azure Active Directory (Azure AD) users allowing clients to seamlessly authenticate users within their organisation using Azure AD in BMS.