Summing up, here would be a list of the main functions a BAM tool should perform: Adaptation and learning, where user answers are integrated into the decision system with the intention of improving the support in decision making and in action-ready dashboard creation.User answers/actions are captured within the BAM tool and then are sent to the systems to be executed.Action-ready dashboards: those decisions generated will transform into integrated actions on the dashboard.Decision support: through a set of rules it interprets and recognizes situations in order to help the user in decision making.The components that form a BAM system are the following:
They also provide ease when following up on transactions performed, helping active processes through systems and applications that detect possible setbacks. These tools apply new indicators and reinforce existing ones, so performance and efficiency levels on each task are properly maintained. This gives a chance to identify possible new scenarios that require decision making. With this, the BAM tool gives support to decision making based on complex and detailed information.īusiness Activity Monitoring tools allow the user to understand the operations performed in the corporative environment in real time. They also pick up on data from files and databases.
Business process monitor software#
These tools not only help in business processes and in sending event alerts, they also provide executives involved in the strategic planning with information.īAM software allows retrieving metrics on work processes in general or specific metrics applied to each department. Want to know more about business process monitoring?ĭiscover how it works in the Pandora FMS Enterprise version and how it helps to supervise the processes in companies.īAM can be used to predict events such as estimating the prices for each action that takes place during a process, interest rates or voting results. To the user, it offers complete visibility over business processes, providing the most precise information about the status and results of operations and processes performed, so that it’s the user who’s ready for any problems that may arise. In order to do this they perform activity logs and notify about possible problems, along with the status of each process.BAM analyzes the opportunities and risks the company has, with the goal of maximizing profitability.īusiness Activity Monitoring is actually a complex toolset that allows monitoring the Key Performance Indicators (KPI). These tools improve speed and optimize efficiency in work operations. The main objective of BAM is to know a process’ behavior and evolution. Plus, these tools allow the correlation of work events, identifying behavior tendencies and patterns, along with the possibility to offer action completion, generating new events. Business Activity Monitoring (BAM) allows decision making based on monitoring business processes in real time.
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