
ALFA’s Business Rules Engine uses a visual editor to give you the power to define and refine business logic directly, without outside intervention.
The flowchart-style representation provides greater transparency, and every step in a business process is represented. The business can see, own, and trust what is happening in the system, while funding partners, regulators, and rating agencies are reassured that all processes are both documented and maintained. Full audit trails are also created whenever a change takes place, including what has changed, and by whom.
In all areas, from new-business validation and credit evaluation to collections management, Business Rules Engine helps you achieve peak process performance by applying automatic rules in logic-intensive areas of asset finance - ensuring greater efficiency and repeatable, consistent decisions, and allowing more effective use of key resources.
The ability to understand and test the impact of change is vital. Specialist ‘What If?’ functionality allows you to test the effect of a rule change before it is deployed, using historical, real data - and thus reduces the risk associated with business change.
Running stand-alone, or combined with ALFA’s class-leading workflow capability, it allows organizations to work in the way that suits them best. A single BRE can also be interfaced across multiple information sources to create a single business rule management methodology; for example, incorporating information from external credit or fraud databases.