A Framework for Cost-Aware Process Management: Generation of Accurate and Timely Management Accounting Cost Reports
Organizations are constantly seeking efficiency improvements for their business processes in terms of time and cost. Management accounting enables reporting of detailed cost of operations for decision making purpose, although significant effort is required to gather accurate operational data. Business process management is concerned with systematically documenting, managing, automating and optimizing processes. Process mining gives valuable insight into processes through analysis of events recorded by an IT system in the form of an event log with the focus on efficient utilization of time and resources, although its primary focus is not on cost implications.
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