Application of Business Process Re-engineering in Enhancing Budgeting Process of PT Insurance Indonesia

In the era of competition, understanding position company is crucial in order to be able set strategy strengthen and increase competitive market. It important have a strong budgeting forecasting process establish target achieved which then as basis plan business more detail. Budgeting provides guidance, direction for achieve within period time. However, it no doubt that has been painful, taking much effort time, led engagement team feeling burden doing preparation. From interview analysis internal workshop report, research found pain points process. Among others, too many iterations while work manually, lack coordination supporting stabile technology performing challenges faced during The focused on three main areas; process, people technology. To solve issues, should improved. proposes how Business Process Re-engineering (BPR) would give solutions overcome issues. building proposed new follows through six stages BPR, are envisioning, initiating, diagnosing, transforming, implementing evaluating. Automation, Beyond approach establishing Standard Operating Procedures (SOP) tools used cater identified. expected bring setting form financial ratios instead fixed number, hence flexibility reduce granularity submission group. Automation reduces manual processes create one center data stored. SOP clear guidance performed.