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: Centralized console with user-friendly interfaces for creation, modification, and management of business rules for business users ensuring alignment with business policies and logic.
2. Multiple Rule Condition and Default Case Handling: Supports defining multiple rule conditions including ‘default’ scenarios when no rule conditions are met.
3. Hit Policy Options: Offers multiple hit policies (First, Rule Order) to define outcomes when overlapping rules match, ensuring accurate decision results in complex scenarios.
4. Multi-Output Rule Evaluation: Enables rule execution to trigger various actions, such as returning values, initiating processes, executing AI skills, or updating records.
5. 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.
6. Rule Testing and Validation: Simulate and test rules to ensure they work correctly before deploying them in live environments.
7. Scheduled Rule Execution: Enables users to set up automated rule executions to periodically recur at specified intervals, eliminating manual intervention and ensuring consistent rule enforcement.
8. Multi-Tenancy Management: Enables the isolation of rule categories, rule execution, and scheduled jobs across different legal entities, allowing organizations to manage business rules independently while maintaining governance at the enterprise level.
9. AI-Driven Business Rules: Enhances decision-making by integrating AI skills into business rules, allowing users to define AI Skill based rule conditions and execute AI Skill powered actions as output.

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 & Compliant Decision-Making: Automating decisions using standardized business rules ensures reliable, enterprise-wide consistency while also embedding key policies and regulations to support compliance and minimize human discretion.
2. Agile & Cost-Efficient Operations: Rules can be easily updated without modifying application code, enabling quick adaptation to market and regulatory changes while reducing manual effort and operational costs.
3. Scalable Execution: Designed in a way to efficiently execute business rules, delivering faster results and improving overall operational productivity.
4. Automated Rule Execution: Eliminates manual execution efforts by automating rule execution to periodically recur at scheduled intervals, reducing operational overhead and ensuring timely decision-making.
5. Isolated Rule Management: Multi-tenancy securely separates business rules and their execution across legal entities while allowing organizations to define which rules are shared or remain entity-specific, ensuring structured policy management while maintaining security and operational independence.
6. AI-Enhanced Decision-Making: Combines AI capabilities with rule-based automation to enable adaptive decision-making, ensuring consistent, and responsive AI-driven business processes.

"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.