Page 70 - E1 Integrated Workbook STUDENT 2018
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Chapter 5
Business process re-engineering (BPR)
BPR is the fundamental rethinking and radical redesign of business
processes.
BPR may transform the finance function with processes being developed
from a blank sheet, usually with the assistance of IT.
The main stages of BPR are as follows:
Each task performed by the finance function is
1. Process identification broken down into a series of processes and
these are analysed to ensure they add value.
If they do not add value, the processes are
2. Process rationalisation discarded.
3. Process re-design The remaining processes are re-designed.
New processes are implemented, ensuring the
4. Process reassembly organisation is operating in the most efficient
way.
Illustrations and further practice
Now try TYU question 2 and read illustration 3 from Chapter 5.
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