Business Decision Management
Making business logic transparent means fewer errors and faster maintenance of business
logic. InRule supports a spectrum of business rule authors – from subject
matter experts to business analysts to developers — who can more easily write
sophisticated business rules and complex calculations without costly custom programming.
Improved Business Decision Management results from an integrated approach to authoring,
storing, managing and executing rules.
Business Decision Management
When a Top 5 Bank in the US moved from hard-coded logic
to automating business logic with InRule for use in Risk Rating scorecards for various
forms of lending, they enabled risk analysts to “configure new scorecards
and revise existing ones, taking 68% of programming out of the cycle time and significantly
enhancing the Speed to Market.”
Because InRule puts business rules authoring in the hands of business users, subject
matter experts can easily write sophisticated business rules and complex calculations
without costly custom programming. Business users can then update rules without
programming changes to the application.
Business Decision Management Helps When...
- Business involves significant decision making
- Business policies and rules are complex
- Rules need to be shared across multiple applications and organizations
- Rules are volatile, changing frequently to react to internal or external pressures
(government or financial regulations, competition)
- Rules affect customer interaction ( customer quotes, policy configuration)
- Rules are central to core business processes (manufacturing, product configuration)
- Rules or interfaces may change based on location, user or process (localized apps,
web apps, customer facing apps)
Empower Business Users and Reduce Burden on IT
InRule can significantly reduce the cost of software development and maintenance.
With InRule business logic automation, and InRule’s intuitive yet powerful
authoring tools, organizations can save up to 90% of programming and maintenance
time related to business rules authoring.
InRule also helps you to increase agility and adaptability. Because changes to business
rules can be made easily and quickly without application changes, organizations
can rapidly adapt to changing business conditions such as pricing, risk factors,
and regulations.
Business decision management can additionally enhance consistency and ensure compliance.
Whether driven by regulations or corporate governance, auditability of business
rules is essential. InRule's centralized rules repository ensures that all application
processes use the same rules, and verifies that changes to rules are documented
and approved according to policy.
Finally ISVs, Systems Integrators, and Technology Solution Providers can more easily
differentiate products for competitive advantage. Enable your customers to tailor
their own business logic, and let your developers focus on other aspects of your
solution.
InRule Technology has an extensive library of white papers on topics relating to
the use of business rules, business decision management, IT/Business collaboration,
and more.
Register now for complete access to our
extensive white paper library or click
here for a 30 day trial of InRule.
What Role Does InRule Play in Your Business?
A business rules engine is integrated into your business application to replace
some or all of the business logic. How much of the application logic that the business
rules engine controls varies depending on the type of application.
For example, in some applications, such as an insurance rating program, you may
decide to use the rules engine to control as much as 70% of the applications logic.
In other programs like an e-commerce application, you may choose to use the rules
engine only to validate the check out process.
Your application will communicate with the rules engine by specifying what set of
rules you wish to execute and passing in the data necessary to make its decisions.
Once the rules execute, your application looks at the rules engine results to display
them to the end user or to execute another process.
Next: With an initial success or two under your belt and a desire to leverage rules
technology across multiple processes and applications, you can now consider an Enterprise Logic Infrastructure