BPM stands for Business Process Management.
A “Business Process” is optimized in order to achieve certain benefits like streamlining the process, flexibility in changing the process, better visibility and control over the process.
Most of the time cost benefit is the key benefit which is expected after optimization or automation of a business process.
So any tool, which can help in optimizing or automating (overall management) a business process is generally called a BPM (Business Process Management) tool.
There are various BPM tools available in the market. Some of them are listed below.
- IBM FileNet
- Tibco iProcess