A business process is a collection of related, structural activities/requirements that are interconnected and that can be represented in a flowchart comprising of decision points and dependencies.
Many organizations follow the industry-specific nomenclature of business processes:
- Record to report: This domain describes the process of managing financial and ledger information for any organization.
- Order to cash: This domain describes the process of receiving and processing customer sales and its entire lifecycle until their payment.
- Procure to pay: This domain describes the process of ordering and processing ...