What does it mean to "benchmark" processes in SAP Signavio?

Benchmarking processes in SAP Signavio refers to the practice of comparing existing processes against established best practices or internal standards. This is essential as it allows organizations to assess their performance in context, identifying areas of strength and opportunities for improvement. By leveraging benchmarks, businesses can understand how their processes measure up against industry standards or optimal performance criteria, which can inform decision-making and process optimization strategies.

This practice encourages continuous improvement and helps in aligning processes with organizational goals. Ultimately, benchmarking enables organizations to not just maintain but enhance operational effectiveness by promoting best practices and facilitating performance discussions based on quantifiable comparisons.