Business rules are to organizations as rudders are to ships. They are defined based on the analysis of all the information they generate, as well as the policies, objectives and rules that govern their operations.
A business rule is based on business logic and indicates what companies can or cannot do and when, so that decisions are made according to predetermined circumstances or scenarios. Business rules are important for organizations such as banks, insurance companies, sectors such as international trade and logistics. They govern everything from internal processes to aspects such as costs, loan and policy approvals, discounts and transportation of goods. Business rules strengthen organizations’ strategies and help simplify processes and reduce operating costs.
Given the large volume of information that a company handles, a Business Rules Engine (BRE) is an important complement. This type of software automates the management of business rules, reducing human errors when applying them. It is designed so that decision makers can modify these rules to adapt them to new scenarios and changes in legislation, without intervening in the system architecture.
Business rules engines help organizations to improve compliance with the rules and objectives of the companies, automate manual tasks, and function as an auditing element.
At Pranical we accompany organizations in the implementation and development of business rules and in the installation and configuration of BRE platforms according to the needs of the organizations.