Appian, a major business process management (BPM) vendor, released its financial statement for the second quarter of 2019. The vendor posted a net $6.6 million loss on the quarter. Despite the lack of profitability, there is a strong outlook for the future of the company and its BPM applications.
Source: Appian at SoftwareReviews, Report Published 2019
Appian’s financial stability makes for a great case study on evaluating vendor viability. When selecting an enterprise application such as a BPM tool, it is important to consider non-functional aspects of the platform in addition to its core features. Financial stability is rarely discussed in the context of vendor evaluations. Your organization must determine how much risk you are willing to take in order to get cutting-edge tools. If a vendor disappears overnight, your organization will not be able to function. However, collaborating with an emerging vendor early will position you to leap ahead of the competition.
Overall, Appian may be posting alarming financial results. However, it appears to be heavily investing in its back end and bolstering development teams. It is likely that Appian is a safe bet for those building a shortlist of low-code BPM vendors.
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WISE Employment, an Australian nonprofit work placement organization, has selected Nintex Promapp BPM as the tool to replace SharePoint for business process management (BPM).
Agiloft has developed an integration with major electronic healthcare record vendor Epic Systems. The University of Miami Health System (UHealth) is the first institution to capitalize on Agiloft’s process orchestration coupled with Epic’s healthcare management capabilities.
Camunda, a business process management (BPM) tool vendor releases Zeebe, a workflow engine that enables automation across cloud services.
K2 Software, a major player in the business process management (BPM) space, has partnered with Dropbox, a trailblazer in cloud storage and collaboration solutions. The partnership aims to streamline how business groups using different systems manage information together.