Top 5 Business Process Management Tools in 2023

Automation is not an option but an essential requirement for businesses nowadays. Selecting the right software that meets your requirements is a difficult and time-consuming choice.

 

We’re here to help make the choice easy for you. Starting with the basics Here are our top three picks for the top Business Process Management Tools in 2023.

• Nanonets
• Hive
• Brisk Logic

In this blog, I’ll review the top 5 BPM tools available and help you select the best one. Continue reading.

5 Top Business Process Management Tools in 2023

1. Brisk Logic
2. Nanonets
3. Monday
4. Pipefy
5. Hive

This is how they compare to one another on a variety of features.

What are Business Process Management Tools?

Business Process Management Tools are the process of managing the business processes of a company by enhancing efficiency, creating processes, identifying areas for improvement, and maximizing the efficiency of these procedures.

 

There are many advantages of implementing BPM as a BPM tool within your company.

BPM tools can help improve customer service by ensuring that every customer has the same experience when you are submitting a support ticket or contacting your company.

 

They can also cut costs by identifying redundant activities and eliminating those from the workflow. The demand for tools to manage business processes is growing, as evidenced by the following statistics.

BPM Tools Market Size Statistics

Check out the following points when your business is thinking about the introduction of a Business Process Management Solution:

• In 2020, the market for business processes management market was valued at US$ 10.64 billion.
• The market is predicted to grow at a CAGR of 12.0 percent between 2021-2028, increasing from 11.84 billion USD in 2021 to 11.84 billion at the end of 2021 to 26.18 billion by 2028.
• Customers who use business process management have found that BPM platforms provide 30 % to 50% more productivity when it comes to processes that require primarily back-office personnel, and typically 15-30 percent for processes that require knowledge workers.

Business process management (BPM) is among the most difficult responsibilities that managers can be faced.

 

It is possible to ask how to create plans, design, implement and monitor business processes to generate better returns than existing processes.

 

Many BPM tools are on the market, such as Cloud-based workflow tools. What is the best method to decide?

 

In this article, you will take a look at the advantages and disadvantages of the best 10 software for managing business processes.

Top 5 Business Process Management Tools in 2023 and beyond

As we mentioned before, choosing the most effective software for managing business processes can result in a variety of different outcomes.

 

Our list of recommendations should assist you in selecting the ideal Business Process Management Tools that meet your needs.

1. Brisk Logic

Brisk Logic is a combination of enterprise low-code and full-stack automation in order to develop Business Process Management Tools quickly. Brisk Logic is an environment for the development of enterprise software.

 

Intelligent Business Process Management Systems (iBPMS), Dynamic Case Management (DCM), Digital Process Automation (DPA), Robotics Process Automation (RPA), and Low-code Development are a few examples of Brisk Logic applications.

Pros

• Complex capabilities
• It is easy to create workflows
• Intelligent case management
• A feature-rich platform for digital processes
• Low-code platform

2. Nanonets

Nanonets code-free Business Process Management Tools that allow you to automate every business process without having to write any code.

 

Nanonets has an outstanding OCR API that can identify handwritten notes, documents, and blurry images scanned by hand and converts them to text with a precision of more than 95%.

 

You can gather, digitize documents, validate, extract and sign off on documents using automated workflows. Nanonets is able to integrate with more than 5000 business software via API integrations that are easy to implement or Zapier.

 

Here are a few excellent characteristics that make Nanonets a great choice for automating business processes.

Pros:

1. Intelligent Data Capture:

Nanonets assist businesses in digitizing and extracting pertinent information from documents by using a smart OCR API.

2. Automated Workflows:

Speed up the speed in business procedures by automatizing manual steps such as document collection, verification of documents 3-way matching, and approvals, among others.

3. Real-time Dashboards:

Use the expense dashboards to track spending as well as tag expenses and comprehend the real-time trend. Track relevant KPIs such as the %STP of bills, invoices paid, and so on. With information from Nanonets.

4. Cloud hosting and On-Premise choices:

Select the option of hosting that best meets your needs.

5. Integrations:

Nanonets is compatible with every software using simple Zapier as well as API-based integrations.

6. Custom Models and Templates:

with Nanonets you are able to utilize pre-defined workflows such as statements, invoices, bills of delivery purchase orders, the accounts payable. Or develop your own custom AI mode.

7. Price transparency:

Nanonets offers a simple pricing plan that is $499 per month and $0.1/per document scan. There are no hidden costs for every customer.

8. Trained OCR models

9. 24/7 support and live chat options

Cons

• It isn’t able to handle high levels of volume.
• Table capture’s interface can be more effective
• The way you report can be improved.

3. Monday.com

Monday offers specific BPM tools that provide industry-specific solutions to various industries.

 

Monday’s software for managing business processes lets users work on campaigns, plan actions, and evaluate the results using a single interface.

Pros

• User-friendly interface
• Chart types and visual dashboards
• Business process templates to help you get an easy start

Cons

• Options for low customization
• Xero integration isn’t accessible
• Live chat is not available.
• The long process of onboarding
• The requirement for dates is required for all job that has a dependent
• Workflows are still in the embryonic stage

4. Pipefy

Pipefy is an automated business process that is a low-code platform that can create scalable, safe, and effective business processes.

 

Pipefy lets teams are productive by streamlining the transfer of information throughout the company with no code-automated workflows.

Pros

• Excellent templates for the organization.
• Real-time notifications to stakeholders
• Easy Personalization
• Good Start Guides
• Simple to utilize

Cons

• Analytics and reporting can be confusing.
• Mobile App is a bit of a whimsy
• It’s difficult to discern the comments on cards.
• A difficult interface for users
• Other customization options are required
• Dashboard integrations are not always easy to navigate.

5. Hive

Hive is a process management tool that helps make teams efficient by efficiently distributing team task assignments across teams.

 

Teams can track their progress with multiple views such as Kanban, Gnatt, Table, and Calendar view. Hive is also able to automate repetitive back-end tasks using the basic capabilities of workflow.

Pros

• Flexible software
• Time Tracking
• Custom Features
• Information Integration
• Project Flow Tracking

Cons

• There are no process templates
• Customization increases the cost
• No Mobile App
• Multiple files are not able to be attached to a request for a project