If a business is highly regulated, such as a stock brokerage firm, business processes allow auditors to more quickly review operations to determine if operations are in compliance with regulations. An operational problem can be more easily identified if a work flow is defined for standard processing. A business process frees up managers to work on exceptions as opposed to dealing with daily operational issues. A business process reduces the time required to train new employees. A documented business process helps assure that everyone part of the process has the same guidelines for how to perform their work. A business process and its definition standardize how work is done, according to the Harvard Business School.
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