BizRulePro

Overview

Traditionally, business rules have been embedded in the logic of legacy software applications, resulting in challenges that hinder operational efficiency, scalability and adaptability. This approach creates difficulties in updating rules, inconsistent decision-making, and reduced agility in responding to market changes. Here are some key challenges associated with linked business rules in software applications -

1. Inconsistent Decision-Making: Without standardized rules, decisions may vary widely across departments, leading to confusion and disparities in outcomes.
   1. Organizations with inconsistent decision-making processes can experience a 20-30% decrease in performance. (Source: McKinsey & Company, "How to Make Better Decisions Faster" ,2019).
2. Reduced Agility: Difficulty adapting to changing market conditions or regulations due to the time-consuming process of updating rules manually in multiple applications.
3. Operational Inefficiency: Increased manual intervention is required to enforce rules, resulting in longer processing times and reduced productivity.
4. Limited Scalability: Challenges in scaling operations effectively, as the absence of a centralized rule management system makes it difficult to manage increasing complexities.
5. Compliance Risks: Difficulty in ensuring adherence to regulatory requirements as rules may not be consistently applied or updated, exposing the organization to legal risks.
   1. Businesses that fail to apply business rules consistently can incur up to a 25% increase in operational costs due to inefficiencies, errors etc. (Source: Gartner, "The Impact of Inconsistent Business Rule Application," 2021)
6. Higher Maintenance Costs: Higher operational costs associated with manual processes and the potential for errors, which can lead to rework and inefficiencies.
7. Higher Error Rates: The potential for human error increases when decisions rely on manual processes or inconsistent application of rules, leading to costly mistakes.

Key Features & Functionality

Our BRM solution empowers business users to define and incorporate advanced decision logic into their applications and quickly update business rules as market conditions evolve. These are the following key features:

1. Central Decision Rules Cockpit: Facilitates the creation, modification, and management of rule categories and associated decision rules by business users from a central console, ensuring alignment with business policies and logic.
2. User-Friendly Rule Design Interface: Offers an intuitive, user-friendly interface for defining and managing rules without the need for coding expertise.
   
3. Multiple Rule Condition and Default Case Handling: Supports defining multiple rule conditions including ‘default’ scenarios when no rule conditions are met.
   
4. Hit Policy Options: Provides multiple hit policy choices, such as First and Rule Order, to determine the outcome when multiple rules overlap or match the input data, ensuring accurate decision results in complex scenarios.
   
5. Multi-Output Rule Evaluation: Enables configuring and executing multiple outputs for a business rule, enabling selection from options such as Return Value, Start a Process, or Set Value, delivering execution results based on the rule condition and the selected hit policy.
   
6. Dynamic Record Data Lookups: Enables the selection of business records and related attributes for evaluation and comparison in rule conditions, while also allowing the dynamic return of specified business entity record data as rule outputs.
   
7. Rule Testing and Validation: Simulate and test rules to ensure they work correctly before deploying them in live environments.
   
8. Scalable Decision Automation: Automates decision-making processes by executing decision rules with optimal execution times and resource usage in the context of applications and workflows.
   These features help organizations streamline operations, maintain compliance, and adapt quickly to changing business needs.

Benefits & Business Impact

Our BRM solution features a centralized repository for business rules, separate from application code, ensuring scalability, consistency, and easy updates. This enables reliable, efficient decision-making across all applications, keeping business processes adaptable and accurate. Here are the key benefits of using our BRM application-

1. Consistent Decision-Making: Automating decisions based on a standardized set of business rules ensures consistent outcomes across the enterprise, minimizing the influence of inconsistent human discretion.
2. Re-Usable Decision Logic: BRM enables the automation of multiple workflows using a centralized repository of decision logic, eliminating the need for IT to write separate decision logic for each application.
3. Reduced IT Dependency: No-code tools allow business users to create and modify rules independently, reducing the need for IT involvement in every update.
4. Decision Agility: Rules can be updated easily without modifying the underlying application code, allowing for quick adjustments in response to regulatory changes, market shifts, or customer demands.
5. Automated compliance: Relevant policies and regulations can be embedded within business rules, ensuring that automated decision-makers follow all relevant laws and guidelines.
6. Cost Savings: Automating rule-based processes reduces the need for manual labor, resulting in lower costs for hiring and training personnel.
7. Scalable Execution: Designed in a way to efficiently execute business rules, delivering faster results and improving overall operational productivity.

"In a world of constant change, agility is the new currency. Effective Business Rule Management empowers organizations to adapt swiftly and maintain their competitive edge." Overall, BRM plays a crucial role in helping businesses navigate uncertainty, optimize processes, and remain responsive, ultimately driving sustainable success.