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The Business Improvement Agency and myInvenio have entered into a partnership to help UK businesses increase productivity.

BIA Adds myInvenio Process Mining Technology to Help UK Businesses Reduce the Productivity Gap

London, England and Reggio Emilia, Italy, January 26, 2021 — The Business Improvement Agency (BIA) and myInvenio, the leading Process Mining Technology vendor, are pleased to announce their partnership to improve business productivity throughout the UK. BIA customers will leverage process mining capabilities reducing elapsed time and resources used in process discovery, analysis, and optimisation delivery by up to 80%.

The world faces several global economic, environmental, and social challenges. The UK has additional specific challenges in terms of the new trading relationship with the EU and 60 other new trade deals that came into effect on the 1st of January 2021, with scores of others being negotiated. 

A recent UK Government report highlights UK productivity output 16.3% below the average for G7 economies, attributing the woeful productivity gap to the poor adoption of innovative technology, tools, and best practices. (UK Gov - BEIS Research Report Number 2019/018). Furthermore, the McKinsey Global Institute estimates that at least 55 per cent of productivity growth in developed economies like the UK will come from firms adopting widely known best practices, boosting UK GDP by around £270 billion.

“The UK economy needs to survive and thrive through overcoming the global and UK- specific challenges. It is paramount that UK companies in all sectors address deep-rooted productivity issues. BIA empowers UK organisations to close the productivity gap by quickly finding improvement opportunities in their core business processes. BIA uses professional tools, such as myInvenio Process Mining, in our data-driven process-centric approach to reveal productivity issues and determine optimal business case validated solutions”, said Michael White, BIA Director. 

"It is great to have a UK focused partner who is as passionate as we are about delivering value to customers and who truly understand the benefits that our process mining capability delivers. BIA were particularly impressed with our platform, specifically its Task mining, Multi-level Process Mining, Decision Rules Miner, Analytics, and Simulation”, said Stefano Pedrazzi, VP Sales & Marketing.

“Not all Process Mining solutions are the same. During our evaluation, we were impressed with the comprehensive capabilities and performance of myInvenio. Having added myInvenio to our suite of professional tools, we look forward to supporting UK Businesses drive improvement and resiliency initiatives with the unique capabilities of myInvenio”, said Trevor Moore, BIA Director.

BIA are offering companies a “one-hour challenge” to experience the powerful insights process mining provides. Companies can register their interest by visiting: https://businessimprovementagency.com/1-hour-challenge/

About myInvenio

myInvenio solution is a process mining and Digital Twin of an Organization solution that offers a low-cost, fail-fast approach to analyze, constantly monitor and improve business processes, and drive digital transformation. myInvenio discovers the end-to-end process streamline and identifies process behavior, compliance, performance, resources involved and their roles. Its advanced analytics monitor process deviation, KPI alignment, and bottlenecks. myInvenio has been recognized as Cool Vendor in Analytics by Gartner (2016) and Hot Vendor in BPM by Aragon Research (2018).World-class organizations trust myInvenio. Our customers include: FCA, Chiesi Pharmaceuticals, KPMG, Deloitte, Credem Bank, Prysmian Group, and more.

For more information, visit www.my-invenio.com

About BIA

The Business Improvement Agency (BIA) comprises solution specialists that use process discovery, process optimization, RPA, automated workflow and AI complimented with their Transformation and Programme management to deliver outstanding results by quickly generating increased revenues, compliance, customer and employee satisfaction at a low cost and risk.

Beyond providing their own center of excellence (COE), BIA provides skills and technical training with transferable knowledge to enable organizations in establishing a COE.

BIA understands processes and the benefits that a mature business process centric model offers. Whether the requirements are compliance-driven, led by continuous improvement or seek greater transparency, a ‘Digital Operating Model’ (DOM) will support businesses in reaching your goals and objectives.

For more information about BIA, visit www.businessimprovementagency.com

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