Process Automation News

Press Release: Rapid Business Process Mapping, Measurement and Documentation Service saves over 80% of time. The world’s best process discovery solution is now available to organizations as a service. StereoLOGIC Ltd. has announced a new automated service, that enables organizations to receive complete documentation of their business processes in a very short time. Multiple StereoLOGIC’s customers report over 80% time savings by using StereoLOGIC’s unique software.

Who is this service for? This service is for managers with the pressing need to document and measure their business processes and having a limited time and budget to do it.

Why is this service a better choice than hiring consultants or internal resources? One StereoLOGIC specialist with a subscription license of the software can replace five consultants developing documentation using traditional methods.

How does it work? A StereoLOGIC specialist with a license of the software will produce all process documentation and performance reports for the customer. This service does not require the usual investments, such as countless employee interviews, review meetings and rework. It is especially important, that the documentation will be generated automatically and free of human errors. The installation takes only one day and can be done on the customer’s server or hosted externally.

Why do companies need Process Documentation?

• Best practices and process improvement
• Business process outsourcing
• Enterprise Transformation
• Improving customer satisfaction
• Performance management
• Employee training

StereoLOGIC LTD expands its operations with the opening of a new office in New York, USA.

The expansion into the US of StereoLOGIC’s industry leading solution for business process discovery and improvement has been the driving force for the opening of the New York office. The office is located in Long Beach, New York, USA and will assist the streamlining of the sales and technical support processes for our US customers.

Dr. Sofia Passova, President and CEO of StereoLOGIC said, “Being customer focused is a key attribute of StereoLOGIC’s business strategy and this expansion will help StereoLOGIC maintain its reputation for excellent customer service.” StereoLOGIC takes its industry leading solution for business process discovery and improvement to the next level with the release of Discovery Analyst 3.2.

The new version introduces a powerful White Box Discovery™ functionality that accelerates the review and analysis of automatically discovered business processes. The key functions include Visualization of Change, Activity Re-composition and Easy Tuning Control.

According to StereoLOGIC’s customers, version 3.2 is bringing an additional 40% time savings for their process analysis and documentation effort with StereoLOGIC software.

StereoLOGIC 3.2 improves the security of the customer data by providing an audit log with a detailed chronological record of who and when accessed StereoLOGIC’s repository and what information was accessed.

Version 3.2 reduces the load on the employee workstation and enables the customer to efficiently discover business processes performed in older IT environments.

With the release of Discovery Analyst 3.2 ® StereoLOGIC provides customers with the most advanced and flexible solution for business process discovery, analysis, documentation and improvement. StereoLOGIC showcases the industry leading process discovery solution at Business Process Excellence for Financial Services conference in New York. Taking place in New York City April 17-18, IQPC’s Business Process Excellence for Financial Services forum provides two days of hands-on “how to’s” to ensure financial services firms are properly positioned – and protected – for what lies ahead. As the only event that brings together the financial services’ industry’s most progressive thinkers from leading retail and investment banks and insurance companies, there is simply no better place to hear the latest tips for measurably improving processes, performance and the management of operational risk.

Recognized by Gartner as a Cool Vendor 2011, StereoLOGIC enables financial institutions to perform automated discovery and visualization of actual business processes, measure performance, and detect the root cause of process inefficiencies.

StereoLOGIC software monitors user and system activities while employees work with business applications across all technology platforms and personal productivity tools. StereoLOGIC automatically discovers end-to-end business processes, their variations, records the process time and visualizes this information in real time.

The fact-based approach to process improvement introduced by StereoLOGIC allows companies to significantly reduce the risk and cost of business process transformation and optimization. StereoLOGIC starts shipping Discovery Analyst 3.0 ®.

StereoLOGIC takes the industry leading solution for business process discovery and improvement to the next level with the release of Discovery Analyst 3.0.

The new version introduces a powerful End-to-End Process Visualization and Analysis capability, which allows integrating business processes performed by multiple employees at a click of a button. For example, if two employees execute two different parts of the process in parallel or sequentially, StereoLOGIC provides visualization of the entire process.

Customers that use StereoLOGIC to find their best practices and control how employees perform their work, will appreciate new Automated Deviation Analysis function providing the ability to visually compare processes executed by different employees and identify deviations.

The added support for multi-lingual business applications will provide significant value to customers that manage globally distributed business processes involving business applications written in different languages (e.g. French, Spanish and so on).

With the release of Discovery Analyst 3.0 ® StereoLOGIC provides customers with the most advanced and flexible solution for business process discovery, analysis and improvement. Press Release: StereoLOGIC Named Cool Vendor by Leading Analyst Firm.

Cool vendor designation is hat-trick for StereoLOGIC founder and CEO, Dr Sofia Passova.

The automated business process discovery (ABPD) industry took a giant leap forward this week with the formal recognition of StereoLOGIC as a cool vendor in Business Process Management from Gartner Research. This is the third time in ten years that a company founded by business process luminary Sofia Passova has been awarded the coveted cool vendor status.

“Discovery Analyst™ is a genuine breakthrough in business process analysis,” said Dr Sofia Passova, president and CEO of StereoLOGIC. “In a nutshell, Discovery Analyst eliminates the need for lengthy and expensive stakeholder interviews and manual process documentation, and replaces it with a more accurate automated recognition of business processes in real time.”

As business transactions are executed by an employee, Discovery Analyst™ automatically recognizes and maps these processes using a proprietary semantic recognition engine that provides an accurate picture of what is going on.

The current industry statistics for process documentation has an accuracy rating of approximately 30 per cent. Discovery Analyst™ increases the accuracy of process mapping to more than 90 per cent while dramatically reducing the cost. Process discovery results are available in a matter of days instead of months.

When executing or planning a major IT project, Discovery Analyst™ essentially creates a level playing by capturing process information provided by employees at every point of interaction. This approach limits the risk associated with big budget IT projects getting off-track in the early stages and leads to a much higher project success rate and reduced costs. Shorter time spent on process discovery creates project efficiencies of 80 per cent or more in the development lifecycle.

Gartner Research also lauded the StereoLOGIC’s go-to-market strategy, which reduces the upfront training time required to achieve results with ABPD and begin generating valid and informative process maps. Discovery Analyst has the shortest automated business process discovery period time available in the industry thus making it a breakthrough product and earning it the cool vendor designation.

The practice of automated business process discovery will never be the same again. StereoLOGIC currently works with a growing number of large institutional clients in government and finance. For more information about Discovery Analyst or to request a demo visit www.stereologic.com.

About StereoLOGIC and Discovery Analyst™: StereoLOGIC is part of a new class of automated business process discovery (ABPD) tools that empower but do not compete with existing requirements and business process modeling tools. Analysts use StereoLOGIC Discovery Analyst™ to capture the business process logic of applications using an automated process. The tool monitors a user’s interaction with an application, watches their activity, harvests the screen interface, captures data attributes being presented to users, and presents this information in clear process flow diagrams which can be validated by users.

Discovery Analyst is a cross-platform technology to facilitate the end-to-end capturing of automated and manual processes within an organization. Discovery Analyst™ is used to simultaneously monitor thousands of users and support hundreds of analysts interacting with a single business model.