What is Business Process Modeling?

Business Process Modeling is a technique used to model or demonstrate a business process before implementing it. 

 Business models provide ways of expressing business processes or strategies in terms of business activities and collaborative behavior. 

What is Business Process Simulation Software?

Simulation software show the flow of work through a system using graphs based upon any parameter the user wishes. 

Changing parameters and comparing the result demonstrates the impact of the change. In this way, companies can change their business processes in a computer environment, without risking costly setbacks of real world trial and errors.

Typical Uses of Business Modeling and Simulation

• Improve efficiency. By looking at the business process, organizations can improve their efficiency by eliminating redundancies. Also, each block can be looked at and improved by automating a set of activities. Any bottlenecks can be identified and removed.
• Financial Planning, quantifying the impact of business decisions on balance sheet and P&L.
• Risk Management, determining, measuring and managing the balance between profitability and certain types of risks.
• Forecasting, analyzing historical data and using that to predict future scenario's and trends.
• Business Process Modeling, mapping processes, tasks and process steps in a visual representation to the resources required.