The Decades Long Benefits of Business Management Software (BMS) Applied to Mission Critical Functions and Departments

1) Improved Business Performance through Process Improvements, Automation, Monitoring and Alerts

2) Increased Workforce Productivity while Reducing Labor Costs Improving the Bottom-Line

3) Consequential Business Risks and Productivity Knowledge Never Before Seen and Now Manageable 

Revealed Risks and the Reasons Previously Hidden

With precision, we can now finally see the previously hidden business risks and costs that were eating at our guts.  

• Why is uncollected Revenue reaching 12% of total billed revenue? Because Revenue Recovery is running at over 15% Lost Workforce Productivity (LWFP)

• Why are excess accidents, readmissions and customer satisfaction so directly impacting VBP performance recovery revenue scores? Core Medical Operations are trying to function with 9% LWFP

• Why are the Strategic Projects doing so well and ahead of schedule?  Strategic Projects are running at only 3% LWFP, easily replaced by a little OT

Benefits of BMS

1) Improved Business Performance through Process Improvements, Automation, Monitoring and Alerts

In a 2022 article by Oracle: "60 Critical ERP Statistics," relevant benefits of BMS are highlighted. Oracle lists 3 of the top benefits achieved when BMS is applied to Enterprise Resource Planning (ERP):

• ERP implementation led to business process improvement for 95% of businesses.

• The top three business goals cited for implementation are achieving cost savings (46%), better performance metrics (46%) and improved efficiencies in business transactions (40%).

• The top three benefits businesses said they gained from an ERP system are reduced process time, increased collaboration and a centralized data system.

In this article by McKinsey and Company, "Digital transformation: Raising supply-chain performance to new levels, " key benefits of BMS applied to Supply Chain Management (SCM) are listed:

• Better decision making

• Automation

• End-to-end customer engagement

• Innovation

McKinsey gathered business data on 3 performance standards of SCM: Standard Performance (No Process Modeling), Functional Excellence (Process Improvement), and Digital supply chain + functional Excellence (BMS applied to Process Improvement). Results are displayed in the chart below.

"Digital Supply Chain Levers Can Unlock Significant Improvements Across Multiple Performance Dimensions"

2) Increased Workforce Productivity while Reducing Labor Costs Improving the Bottom-Line

1. BMS process modeling and automation applied to the entire employee replacement lifecycle, including recruiting, reduces Lost Workforce Productivity (LWFP) by 10% to as much as 50%, measurably

2. The Business Risk reductions are shown below. This is an award winning hospital

3. In "The Pink Elephant in the Boardroom - Part 1," the hard costs of turnover and recruiting for this 295-bed, award winning hospital are over $85,000,000 annually. 

What Business Management Software Delivers to Your Business

• Increase Business Productivity by 1.5% to over 10% - accurately measurable

• Increase Performance of Mission Critical Functions by 2% to 7% - accurately measurable

• Increase Sales by 1.5% to over 12% - accurately measurable

• Increase Earnings-per-Share by 1% to over 11% - accurately measurable

• Reduced Costly Accidents by 1% to over 5% - accurately measurable

• Accurately and Measurably Reduce Risks to:

  • Core Operations

  • Strategic Projects

  • Revenue

  • Safety

  • Sales

  • EPS

Can we CEOs not consider these business gains and risk reductions?

Note from Dan: This is definitely one of those statements that has to be considered salesy. This is why we offer a 30-day no-cost pilot project. However, these are the real results we have seen over and over for 15-years. This is what you would expect by applying Business Management Software to a new domain of your business. 

3) Revealed Risks and the Reasons Previously Hidden

With precision, we can now finally see the previously hidden business risks and costs that were eating at

our guts.  

• Why is uncollected Revenue reaching 12% of total billed revenue? Because Revenue Recovery is running at over 15% Lost Workforce Productivity (LWFP)

• Why are excess accidents, readmissions and customer satisfaction directly impacting VBP performance recovery revenue scores? Core Medical Operations are trying to function with 9% LWFP

• Why are the Strategic Projects doing so well and ahead of schedule?  Strategic Projects are running at only 3% LWFP, easily replaced by a little OT

All Turnover is Not Equal - Loss of Top Performers and Specialists in Critical Positions....