Top 8 Business Rules Management Tools
FICO Blaze AdvisorIBM Operational Decision ManagerPegaRULESProgress Corticon BRMSVersata BRMS
The feature that I have found most valuable is that it has a fast engine for decisioning.
The feature that I have found most valuable is the algorithm they use in the retail version. The execution there is very optimized - so even though we have a huge service with huge counter rules, we still get the results in milliseconds. That is something amazing I found about this tool.
The most valuable feature is the deployment part because it is very easy to deploy. Even a businessperson or someone from a non-technical background can easily deploy it and the rules will work.
The most valuable feature is the ease of deployment.
Offers a unique environment where its entire architecture is very unified
What is a business rules management system (BRMS)?
A business rules management system (BRMS) is a type of software solution that gathers business decisions into business rules, which are then automated across applications. Decision logic specifies the details of a decision, meaning what combination of data leads to what result. After defining the decision logic, you need to apply rules to that decision.
Business rules are directives that define or restrict an organization’s business activities. Business rules provide the guidelines on how processes need to be performed.
The business rules management system (BRMS) defines, deploys, executes, monitors and manages business rules and decision logic. The system automates rules and decision making across processes. The BRMs identify the relationships between the business rules and associate the rule with the solution that executes the function.
This saves companies from having to embed the rules as code. The BRMS manages the rules separate from application code, thus allowing rules to be applied to multiple applications. The system also allows the changing of rules without disrupting application processes.
Why use a Business Rules Management System?
A BRMS helps companies to simplify the definition and management of the rules that guide the organization’s workflows. By externalizing the rules outside of code, these systems can empower businesses to achieve more agility, productivity, and organizational efficiency.
Typically, business rules are embedded in the business logic or as part of legacy software applications. This causes several problems:
- The company cannot respond rapidly to changes to business rules based on market intelligence.
- There is no real-time control of the business decisions that drive the application behavior.
- The company cannot adapt swiftly to edits or updates by location or other criteria that affect the business rules.
Thus, business rules management systems have surged as a software response for these challenges. They work as a central repository of all business rules for the system. By having the rules outside the application code, users and IT staff can collaborate and update the rules in real time. This saves users from having to depend on IT staff to make changes on the business rules when needed. BRMS tools empower the users to write and test the business rules themselves.
How to Define Requirements for Business Rules and Decisions
A necessary part of business rules management (BRM) is that the organization needs to define the requirements for what will later become business rules. This task is sometimes a challenge.
Organizations usually consider these three thing in order to define the requirements of their business rules:
- How will the business rule work? It is important to refer to policies, regulations, and best practices that form the basis of the business rule. Overall, what is the expected outcome of the business rule?
- Where will the business rule apply? At this stage, you’ll need to describe which business process will be impacted by the business rule in question. Define to which activities you will be assigning the rule.
- What information is required in order to execute the business rule? Since a business rule is based on a combination of information and data, you’ll need to define the essential data elements that the business rule requires.
These three steps are done more easily with the help of a business rule management system. The BRMS captures the decision logic, turning it into business rules without the need for code.
Business Rules Management System Features
In order to choose the right BRMS, you need to know your company’s decision process. Also, you should consider your specific needs for improving business rules. That being said, there are a number of features you should look for when choosing a BRMS:
- The capability to manage complex types of business rules.
- Codeless or low code implementation across multiple environments, enabling the creation, testing, and deployment of business rules.
- Integration with different APIs and standards.
- Support of auditing, security, governance, and compliance.
- Support of cloud and hybrid environments.
BRMS Use Cases
Not only IT companies benefit from a business rules management system. Every business uses rules in some form. The most common cases are:
- Regulated organizations.
- Companies with internal rules that affect different types of stakeholders.
- Distributed companies over different verticals and markets.
Business Rules Management System Benefits
A business rules management system empowers your organization to streamline the definition of business rules and to update across environments, creating a single repository.
Here are four reasons you should implement a BRMS:
- Keep up with changes: A BRMS eliminates the IT backlog of requested changes. A BRMS can help change business logic much faster than in traditional development environments.
- Ensure compliance: BRM systems capture policy and regulations as business rules and enforces them automatically with every transaction. Since the policy is not hidden in the code and the automation process produces an audit trail, this helps companies meet compliance audits.
- Improve customer service: BRM solutions increase agility, which can help agents with best practices, and streamline workflows thanks to easy functions automation.
- Improve efficiency and productivity: Along the same line of thought, since the BRMS automates repetitive tasks and recurring decisions, it reduces the need for manual processing, resulting in more productivity and efficiency.