Whether in business processes, software applications or apps – expert knowledge such as decisions, calculations or checks is defined in the form of business rules. Business rules management (BRM) allows companies to define, centrally manage, and automate expert knowledge, independent of program code and business processes, as a set of graphical rules – consistent across processes, applications, and channels.
Business rules are managed centrally at a single-point-of-truth and deployed to all processes and applications – consistent and error-free.
Instead of using code or process models, rules are graphically defined, securely managed, and quickly adapted as needed for maximum business agility.
By reducing coordination loops between business and IT, business rules management ensures high efficiency and optimum use of resources.
Changes to business rule models are documented as well as the execution of the rules in day-to-day operations. This ensures audit-proof traceability.
n our digital world with its dynamic environment of innovative competitors, global markets and ever-changing conditions, business models increasingly depend on two factors: agility and flexibility. Business Rules Management (BRM) allows them to accelerate time to market, increase transparency and consistency, and automate operational decisions for high business efficiency.
Digitalized business processes are often interrupted where complex, operational decisions need to be made. Business bules management enables the automation of simple to highly complex rules, policies, and decisions, as well as quick and secure changes whenever needed.
The centralized business rules management approach takes companies to a new level of efficiency. They decouple rule-based logic from applications and business processes, manage their business rules in a central repository, and implement changes consistent, consistent, and version-accurate in all applications, processes, and channels.
Business rules management simplifies the alignment of business and IT by providing a consistent approach to authoring, maintaining, quality assuring and centralizing business rules. The business rules management system (BRMS) then provides tools and components for the automated execution (rules engine), management and monitoring of the rules.
A business rules management system (BRMS) is a software that supports business and technical users throughout the entire process of defining, managing, automating and adapting business rules. A graphical modeling approach is easy to understand for business users and enables them to quickly change business rules when they need to – without coding.
Many rules: BRM allows companies to optimize the organization and structuring of their business rules.
Complex business logic: BRM helps companies bring IT and business expertise together by directly involving business domain experts.
Frequent changes: BRM empowers business users to quickly change business rules and thus, speed up time to market.
Maximum transparency: BRM provides optimum transparency and traceability for auditing requirements and other activities.
Faster development: Companies break out of endless development cycles and use BRM as a collaborative platform for business and IT.
Dispersed rules: Companies centralize their business rules and optimize their reusability for consistency across all applications and processes.
BRM is an integral part of corporate-wide decision management. It can be applied to control processes and workflows within business process management. In business intelligence, BRM is used to calculate KPIs and apply analytical results. Besides, BRM even supports the legacy modernization and data transformation.
Business departments apply business rules management for all kinds of application scenarios such as ensuring product, client and investment suitability, underwriting, account auditing, pricing or fraud detection. Rules-based advisory processes can be digitized and master data management can be automated by using BRM technology.
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