The Impact Mechanism of Business Process Management on Corporate Financial Efficiency in the Context of Digital Economy

Abstract

Organizations should design, realise and improve optimisation in different areas based on the above trends today. The attention of business process management (BPM) is on improving organisational processes, enhancing the efficiency of operations for companies' profitability growth at an increasing rate recently. Although there is no clear path by which BPM impacts financial performance theoretically or empirically currently; More particularly In an Environment of Digital Economy. Based on the public Data supplied by The World Bank, The Organisation for Economic Cooperation and Development (OECD), Industry research reports, etc., as well as under existing theories of hammer & champy's business process reengineering theory, barney's resource-based view, and davenport's process innovation framework. Three types of influencing mechanisms have been clarified and studied separately: the process automation-cost reduction mechanism, the integrated use-of-data-and-decision-making-efficiency mechanism, and the risk management-compliance-efficiency improvement mechanism. Three-level impact mechanisms of a theory-based innovative organisation that has been on this path for some time and is now managing itself practically.