Published on 18 March 2009

The advanced technology is designed to help asset finance firms design and deploy efficient and effective business rules with a high degree of transparency and control. The ALFA BRE module helps clients improve operational efficiency by giving them the capability to adapt the business rules quickly within their transaction platforms in response to changes in the market. Using ALFA BRE, the need for customised application code - which can be cost-prohibitive and time-consuming - is eliminated.

ALFA BRE's performance is optimised when integrated with the ALFA Systems platform. It also features the flexibility for integration with any compliant rules-based process, such as credit underwriting, deployed in the organisation.

Unlike other BRE applications, ALFA BRE features the ability to display each business rule, and the relationships between rules, visually in the form of a flow chart. This delivers an unsurpassed level of transparency, providing stakeholders with a clear understanding of the processes and decisions being made, as well as the logic behind them.

"ALFA BRE comes at a critical time, given the challenging market conditions facing virtually everyone in the asset finance industry," said Steve LeBarron, CHP's Vice President of Sales and Marketing in North America. "It's the remedy for a number of ills, from helping a company improve its efficiency in managing business processes, to providing an auditable, visual record of how decisions are being made."

In conjunction with the introduction of the new ALFA Systems software module, CHP Consulting has developed a special white paper, entitled Your Business, Your Rules: A Primer to Business Rules Engine Technology. It is available for download at www.chpconsulting.com.

Originally published in Leasing World.