Hi Sameer,
I think the simplified solution is very much a process/organisational one. Streamline as much as you can from a process perspective and then as Laxman said, create the minimum workflow required to support that.
My personal view is that both change management and test management through SolMan are management conspiracies to test the spirit of hard working staff and generate unnecessary work, however if they are the tools mandated then there isn't much other option.