Improve the timing of your most important operational decisions
Improving the timing and quality of your risk- and opportunity-based decisions, such as what price to offer a good customer, what product to recommend, or what loan application to accept or reject can help you cut costs, generate more revenue and reduce risk exposure. For example, a top 20 G500 banking customer increased cross-sell/upsell offer acceptance from 3% to 25% by using a BRMS to generate personalized offers throughout the credit decisioning process.
WebSphere ILOG Business Rule Management System (BRMS) enables you to automate and deploy highly variable, fine-grained operational decisions within the context of specific transactions, processes, policies or regulatory requirements for improved agility, profitability and risk management. Key business benefits of implementing a BRMS:
Faster time-to-market: Decision changes can be implemented in days vs. months by enabling business users to enact decision changes; and decision services can be reliably reused across key systems, processes and applications.
Increased process efficiency: Because the decision logic within business processes changes more frequently than the processes themselves, the addition of BRMS to BPM magnifies agility. Manual, redundant decision activities are eliminated by automating decisions that drive key business processes, reducing the time and cost required to develop and maintain processes affected by frequent change.
Better decision visibility and control: Business users can author, monitor and audit decision changes with appropriate IT governance and controls for improved compliance.
Smarter decision outcomes: Decision changes can be tested for accuracy, their impact simulated, to verify that business decisions deliver intended results.
Understanding more about BRMS & Decision Management
Whitepaper:
Blog Article:
“Beat the Clock with Decision Management” This third party blog contains useful information about how business rule management works and how companies can automate and improve critical decisions.
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BRMS Browser's eKit Just learning about BRMS or beginning your solutions research? Check out these useful assets.
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BRMS Buyer's eKit Getting close to choosing a vendor? Selecting the right software is the first step in obtaining fast ROI from a business rule management system (BRMS). These tools will help you make the right decision.
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