EFMM is an assessment framework for the equipment finance industry that enables organisations to evaluate, and subsequently improve, the maturity level of their business processes. “Maturity" in this context means the degree to which business process capabilities are optimised and formalised from ad hoc (the lowest level) through to innovative (the highest, continuous improvement level).

Based upon the OMG’s Business Process Maturity Model and Carnegie Mellon’s Capability Maturity Model, AFMM retains those models’ five maturity levels but adapts and extends them for equipment finance.

The assessment delivers a clear roadmap for improvement and re-assessment across six factors that impact process maturity

Further information

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