The objectives of Business Process Management, and the role that Therefore Quantum™ plays in meeting these objectives, is detailed below:
Continuous ImprovementTo remain competitive, your business needs to continually reinvent itself. Therefore Quantum™ will allow you to identify areas where your business is subject to process failure. The Therefore ThreadBuilder™ Application can then be used to rapidly implement process refinements.
Turnaround TimeTo improve your business' ability to retain Customers, it is imperative that queries are resolved promptly. Therefore Quantum™ provides you with a platform to ensure that queries are resolved rapidly and that the resolution process remains visible to Management.
Process ComplianceTo improve your business' ability to operate in a low cost, Customer-centric manner, it is imperative that it consistently follows optimised processes. Therefore Quantum™ enforces process compliance.
Reference NumberWhen Customers raise queries, it is imperative that they are given reference numbers. Similarly, to optimise your ability to control the execution of tasks, it is essential that tasks are awarded reference numbers. Therefore Quantum™ supports this requirement.
Ability to AuditIt is best practice that record is maintained of the way in which businesses make their decisions. Therefore Quantum™ ensures that every detail of the query resolution / task execution lifecycle is retained and available for future review.
Improved Debtors BookCustomers will generally not settle invoices on which outstanding queries exist. Therefore Quantum™ will enable you to close queries more rapidly, allowing for the collection of the underlying debt.
Further, where queries do occur, they are used to drive Continuous improvement. This will make queries less likely to occur in the future, enhancing the collectability of your debtor's book.