BRMS is a non-disruptive technology, enabling process agility and flexibility for increased operational efficiency and competitive edge. Faster ROI is possible because organizations don't have to start from scratch, or replace existing systems, in order to capture and reuse their business logic for direct business results.
"CWohsyt B Ruesdinuecssti oRnules? Why Now?"
5
Five Ways to Fast ROI With
Business Rule Management Systems (BRMS)Five Ways to Fast ROI With BRMS
Business becomes increasingly complex with each passing day: regulatory reform and compliance requirements, market and customer demands, shorter product lifecycles and pressure to integrate disparate systems. As a result, organizations are looking to technology-enabled capabilities to increase their ability to adapt and respond dynamically, to complex, changing environments. That's why many are investing in business rule management systems (BRMS). BRMS is a non-disruptive technology, enabling process agility and flexibility for increased operational efficiency and competitive edge. Faster ROI is possible because organizations don't have to start from scratch, or replace existing systems, in order to capture and reuse their business logic for direct business results. Implementing BRMS software from IBM organizations can begin to see business results in five key areas in 6 to 9 months.
Cost reduction1. Reduced application development and maintenance2. Increased straight-through processing3. Improved regulatory compliance
Revenue generation4. More personalized customer interactions5. Faster time-to-marketCost Reduction
Reduced application development and maintenance Case Study: Leading US financial services company1. Decreased deployment costs and cycle time by 50%+. IBM Business Rule Management System (BRMS) software externalizes business rules from core application code For years, a top U.S. bank developed its calculation systems so that systems become more flexible and easier to update. For example, IBM WebSphereŽ ILOG Business using 3GL languages (C and C++). As each pension Rule Management Systems (BRMS) are designed specifically to define, deploy, monitor and maintain decision calculation had to apply thousands of rules for government logic that is used by operational systems. Using ILOG BRMS makes business rules easy to create and maintain, and industry regulations, new client implementations and reducing the time, effort and cost required to develop rule-based applications and to maintain them as rules client-directed changes were not cost effective and took change. more than a year to deliver. In addition, ILOG BRMS allows business user to manage rules, including tools for testing changes, enabling IT The bank selected ILOG BRMS to simplify the pension and business teams to easily communicate changes and rule maintenance work to be more evenly distributed administration process by centrally storing rules and making across the enterprise. them available to business analysts. As a result, the bank has become less dependent on its IT staff to maintain the system, and decreased deployment costs and cycle time by more than 50 percent.
Additional Benefits:. Pension calculation rules are now expressed using a non-technical language and vocabulary. . Business users and developers have specific, integrated environments for managing rules and rule-based applications, allowing pension experts and IT to collaborate and focus on their respective areas of expertise.Cost Reduction
2. Increased straight-through processing Case Study: Vision Service Plan Achieved pass-through rate of 80%. Vision Service Plan BRMS software is used in operational environments in order to automate business decisions. Many organizations (VSP) serves more than 36 million vision care patients find that using BRMS software enables them to automate complex, highly variable decisions that have previously throughout the United States and receives approximately 1 been handled manually, improving the efficiency of processes and focusing human resources on activities where million claims each month, most submitted via the Internet. there is true added value. Customer eligibility, data validation, transaction pricing and request approvals are just Embedded in VSP's custom system, ILOG BRMS validates several ways that the rule engine component of BRMS software is used to facilitate and increase straight-through each claim using hundreds of constantly changing decision processing. factors, including the nature of the claim, the type of policy, and regulations that vary from state to state. VSP also selected ILOG BRMS for its scalability and ease of integration with the company's existing IT architecture, which includes IBM WebS... [download for more]
