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Enhancing Business Process Management with Business Rules
While a business process management system (BPMS) can save time and cut costs by governing process, it can’t decide what to do, given a particular circumstance. Today, many business decisions must be made amid change and uncertainty. How do you, for example, track and detect evolving fraud schemes? Price according to economic trends and risk levels? Keep up compliance with new regulations? Market to changing demographics?
The answer lies with business rules. A business rules management system (BRMS) enables the right decisions to be made quickly, giving businesses the agility to react to changing regulations or fluctuating markets, or to modify or launch a program, such as new pricing strategies for a loan product or insurance policy.
This white paper explores:
- The differences between rules and process management
- The importance of making changes independently to rules and process
- What to look for in a BRMS to gain the most value
- How to get started with rules management
- Case studies illustrating the value of adding rules to BPM