BPM (Business Process Management) software is a set of applications that automate, execute and monitor how business processes are conducted from beginning to end. BPM software is moving business away from the traditional workflow management model by connecting people to people, applications to applications and people to applications. The rise of BPM in the financial sector and other industries is a response to the need for more agility and operational performance on the part of individuals and technology. BPM software is slowly taking the place of workflow management and enterprise application integration due to their limits to connect people with each other or with applications. BPM software is giving businesses a competitive edge by allowing their organization to rapidly solve problems and respond to changing market environments, consumer trends, and regulatory demands. And they are doing it faster than their competitors.