There are many benefits of business process management and one of them is the u003cstrongu003eincreased collaborationu003c/strongu003e it provides.u003cbr/u003eu003cbr/u003eThrough BPM, business users can easily collaborate on different workflows, work in shared workspace and share files with preferred audiences. u003cbr/u003eu003cbr/u003eLikewise, BPM helps inu003cstrongu003e prudent management of time and resourcesu003c/strongu003e. u003cbr/u003eu003cbr/u003eSince users don't have to perform repetitive tasks manually, they can save up time and work on other business projects that matter.u003cbr/u003eu003cbr/u003eBPM also ensures u003cstrongu003efast and better decision making processes which lead to increased business reputationu003c/strongu003e. u003cbr/u003eu003cbr/u003eProcess optimization and risk management are some other benefits of BPM.