Ahead of its BPM Summit on March 23-25 in San Diego, California, of which Metastorm is a sponsor, Gartner announced the findings of a survey that estimates companies can save as much as 20 percent within the first year of a BPM implementation. The results came as part of a survey that the analyst firm conducted during its London-based BPM Summit earlier this year.

According to Gartner, 70 percent of respondents from the event view BPM as a lifeline keeping them above water during the tough economic times, 20 percent are using BPM as a catalyst to grow their business and 10 percent is planning to use BPM as a competitive differentiator for critical business transformation initiatives.

BPM is about smartly cutting costs – looking at both individual and interconnected processes throughout departments and entire organizations to reduce inefficiencies. It’s clearly a powerful tool in today’s tough economic times.

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