Top 10 Business Process Management software

Important news about Business Process Management software

2024. Stack AI wants to make it easier to build AI-fueled workflows



In the vast and somewhat perplexing universe of startups, there exists a curious entity known as Stack, a bold young upstart with a penchant for low-code wizardry. This enterprising team has conjured a tool that allows mere mortals to summon AI-driven workflows—yes, we're talking chatbots and digital assistants that actually assist. Having bagged a modest $3 million to fuel their intergalactic mission, they’ve devised a platform where users, with a deft drag and drop of components (Google Drive here, a large language model there), can piece together mind-bending automations without needing to speak fluent code. Though, of course, the odd bit of manual tinkering may still be required when the AI gets, shall we say, whimsically uncooperative.


2023. AI-based Workflow automation startup Parabola raises $24M



In a move that seems inspired by the kind of ambition usually reserved for sentient tea sets or particularly entrepreneurial dolphins, Parabola, that plucky little startup on a mission to get paperwork to practically process itself, has cheerily announced that it has bamboozled investors into handing over $24 million in a Series B funding round. Their cunning plan involves using artificial intelligence to take the sort of administrative tasks that usually send human beings into an existential spiral of despair—like processing documents, images, and emails—and transform them into smooth, almost suspiciously efficient workflows. The platform isn’t just your average, humdrum document wrangler, though. It gleefully categorizes product names into neat little boxes, like "clothing," "home goods," "grocery," or "electronics," while also playing accountant by extracting invoice details and arranging them into tables that would make even the most meticulous spreadsheets blush. And if that weren’t impressive enough, Parabola goes on to peer into the mysterious realm of Amazon keyword rankings, giving e-commerce teams a fighting chance to optimize listings before the entire universe implodes.

2022. Bardeen raises $15.3M for browser-based workflow automation



Neuron7, a startup that analyzes customer service records to assist agents and technicians in resolving product issues, has secured $10M. Neuron7 utilizes natural language processing to guide users step by step, evaluating metadata from knowledge bases, product documentation, customer support call logs and transcripts to create a “collective intelligence” that can aid in diagnosing and addressing problems. Neuron7 isn’t the first to introduce a recommendation system for customer service — far from it. In addition to established players like Salesforce, the company faces competition from Zingtree and Talla, which integrates customer content with automation and machine learning to help agents access the information they need. Ultimate.ai also offers an AI-powered service that provides real-time assistance to staff handling customer inquiries.


2021. Ikigai gets $13M to build automated workflows with humans in the loop



In a universe so vast and bewildering that no one is quite sure what the whole point of it is, Ikigai has emerged with a bold plan to bring order to at least one corner of it: workflow automation, with a refreshing twist of human involvement. Unlike traditional robotic process automation (RPA) — the realm where bots dutifully handle all the dull, repetitive tasks that the universe seems to have in abundance — Ikigai is pioneering a more sophisticated form of workflow magic. Imagine a toolkit where users can drag, drop, and mix in data sources from hither and yon, all while creating steps where mere mortals, yes, humans, make crucial decisions in the process. The pièce de résistance? A rather delightful “AI-charged” spreadsheet that displays all these intricate dance steps in a dashboard/spreadsheet view that’s positively bursting with insights. And in a reality where $13 million is a pretty convincing argument, Ikigai has secured this amount in a seed round to help steer the way.


2021. Tonkean raises $50M to accelerate its no-code business automation service



In the grand galactic opera of business process automation, startup Tonkean has just strapped itself to a $50 million Series B funding rocket. Imagine, if you will, a whimsical fusion of no-code wizardry, tireless bots, and that most curious of variables—humans. Tonkean’s raison d'être is to arm operations teams—sales ops, marketing ops, and their ilk—with the power to weave complex business logic across a sprawling galaxy of apps, all while occasionally pulling humans into the loop when the bots look slightly perplexed. Designed with a benevolent nod to IT overlords, Tonkean’s toolkit scales to meet the appetite of enterprise behemoths. Its no-code sorcery enables ops groups to snap together prefab modules or conjure their own bespoke workflows, resulting in something remarkable: teams that can boldly go where no team has gone before—faster, smarter, and with far fewer SOS calls to engineering.


2021. n8n raises $12M for its ‘fair code’ approach to low-code workflow automation



Berlin-based n8n — a company with the delightfully ambitious notion that everyone, yes, everyone (whether they actually know what an API is or not), should have the tools to link up data and workflows like the proud conductor of an orchestra of integrations — has raised a rather eyebrow-raising $12 million in Series A funding. Now, n8n is something of a wizard with more than 200 established applications under its belt, allowing people to connect and cajole various platforms and data streams into harmonious productivity. From helping marketing folks to feel like IT superheroes to enabling IT teams to build clever, chatty chatbots or visualize data within Slack in ways previously reserved for sci-fi films, n8n is on a mission to grant "technical superpowers." Imagine it: a platform that not only automates workflows but also whispers alerts when machinery or code need a bit of tender maintenance. In short, n8n isn’t just integrating your tech stack; it’s boldly (and with a gleeful smirk) setting it free.


2021. Zoho launches new low code workflow automation product



Zoho, a company renowned for its range of cost-effective business tools, has introduced a new low-code workflow product named Qntrl (pronounced control). Zoho is targeting the mid-market with a solution that demands less technical know-how compared to traditional business process management tools. Although Qntrl might need some technical assistance to link a workflow to more intricate backend systems like CRM or ERP, it enables less technically skilled users to drag and drop components and then receive support to complete the remaining tasks.


2021. Process automation startup Camunda raises $98M



Camunda, a Berlin-based startup that develops open-source process automation software, has announced an €82 million Series B funding round. Camunda has evolved into an endpoint-agnostic orchestration layer that integrates with various systems. The company is part of a larger trend towards end-to-end automation or comprehensive orchestration of endpoints, which can include RPA bots, microservices and manual tasks. Camunda offers the capability to coordinate how these automation components interact to establish a complete workflow across an organization. In addition to its open-source platform, the company also offers the cloud service Camunda Cloud.


2021. IBM Business Process Manager is renamed to Business Automation Workflow



IBM Business Process Manager (BPM) and IBM Case Manager have been consolidated into a single product, IBM Business Automation Workflow. The new solution introduces additional features, such as organizing library items into custom smart folders and providing deeper insights into script issues through enhanced validation in the web-based IBM Process Designer. It also allows monitoring of system maintenance data in the Process Admin Console, importing environment variables and servers from other process applications or toolkits, identifying resource challenges using Performance Monitoring, modeling gateway decisions with decision tables or action rules in Process Designer and benefiting from a unified sign-on experience.


2021. SAP is buying Berlin business process automation startup Signavio



In a move that surely made the rest of the software galaxy sit up and double-check its circuits, SAP has deftly swooped in and acquired Signavio, a business process automation startup, for a figure somewhere in the ballpark of $1.2 billion (presumably without a hitch, but let’s not rule out a mild panic over the decimal point). Traditional BPA tools, those venerable lumps of enterprise machinery, have lurked around for ages, often gathering metaphorical dust, while SAP, ever the cunning corporate hitchhiker, realized that Signavio’s fresh, cloud-native approach was precisely the shiny upgrade it needed to tackle this whole "modernizing business processes" puzzle. And of course, in a time when the entire workforce seems to have holed up in their slippers at home, the notion of streamlining all this messy human behavior through the cloud has taken on a rather cosmic level of importance. All of which fits neatly into SAP's grand scheme, as Signavio rounds out its business process intelligence unit in a way that can only be described as...well, somewhat inevitable, really.