KARACHI - Business Process Management has gained broad acceptance as a key enabler for achieving operational efficiency and process compliance for businesses in various industries. Financial institutions and intermediaries in Pakistan are looking to improve their payment processing systems, in order to meet compliance and regulatory needs, says a press release.Oracle can help enable institutions to build shared processes that unify existing payments systems across internal and external interfaces in a timely and cost efficient manner.These views were expressed by the speakers at a ‘Business Process workshop organised by Oracle.Albert Tay, Director Fusion Middleware, Oracle Asia Pacific, said that having accurate and optimised business processes in place is the key to survival and growth of the businesses.Oracle can enable organisations to model, automate, monitor, and optimise key processes so that organisations can achieve better efficiency and business visibility while reducing complexity and total costs.“By undertaking a business process centric approach, organisations can achieve greater alignment between business needs and IT’s ability to ensure swift response to change,” he said.Other speakers, while elaborating on the importance of collaboration among IT, business, and all other stakeholders, said that Social BPM interaction simplifies collaboration providing new ways to simplify work.