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BusinessOptix - Process Discovery & Mining Technology Evaluation

Vendor Analysis

by Bailey Kong

published on Jun 12, 2020

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Report Overview:

This NelsonHall assessment analyzes BusinessOptix's offerings and capabilities in Process Discovery & Mining Technology Evaluation

Who is this Report for:

NelsonHall’s Process Discovery & Mining Technology Evaluation, provides an assessment of BusinessOptix’s process discovery & mining platform designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of Process Discovery & Mining platforms and identifying vendor suitability for RFPs
  • Process reengineering and RPA and intelligent automation center of excellence personnel evaluating process discovery & mining platform capability
  • Vendor marketing, sales, and business managers looking to benchmark their platforms against their peers
  • Financial analysts and investors covering intelligent automation and process discovery & mining platforms.

Scope of this Report:

The report provides a comprehensive and objective analysis of BusinessOptix’s process discovery and mining capabilities, covering BusinessOptix platform’s functionality for:

  • Data extraction, transformation, and loading
  • Process analysis
  • Process improvement
  • Process monitoring
  • Corrective action enablement
  • Administration.

This report also assesses BusinessOptix’s product development strategy and strengths and challenges.

Key Findings & Highlights:

BusinessOptix offers more than just process mining but a platform for process management. The platform is an all-in-one solution for documenting processes/workflows/organizational roles, sharing content with stakeholders for comments and governance, and enabling process transformation towards client goals. It can also be used for regulatory compliance, holding RACI matrices, and evidencing controls in processes for compliance audits. The process mining capabilities offered in the platform include:

  • Data extraction, transformation, and loading
  • Process analysis
  • Process improvement
  • Process monitoring
  • Corrective action enablement.

BusinessOptix implemented its conformance checker by comparing two models; this contrasts the more common approach of comparing data to a reference model.

BusinessOptix offers two different subscription models: Mining as a Process and Mining as an Enterprise.

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