The tool provides a comprehensive support to all stakeholders

• It has an Integrated Development Environment (IDE) for modeling, operating, troubleshooting, installing and managing business rules applications.

• Its central repository provides support for customizing rules management features as well as collaboration of the IT and business area.

• It has a sophisticated, business user-friendly rule editor (through the point-and-click features).

• It facilitates automated checking, through which rules integration can be retained, thus achieving greater performance and accuracy.

• It has a Web-based rules management to support remote access and management.

• Its business rules descriptive language can be also used outside the system and languages can be assigned to rules and user roles

• It is equally applicable in Java™ and .Net environment (ILOG JRules and ILOG Rules for .NET).

Areas of Application of the  Business Rules

• Banks: underwriting, loan application, granting, consolidation, detecting and reporting frauds, campaign management (customer loyalty programs), loan processes and decision management, financial planning, pension fund administration, accounting.

• Insurance companies: underwriting, claims processing, invoicing, e-insurance, product offering and compensation payments.

• Capital market companies: asset management, automated sales and pricing, cross-selling, ensuring compliances (AML, SEC, Basel II, SOX), account reconciliation and settlement.

• Public administration institutions: e-government, welfare expenses administration, claims consideration and compensation payment, risk management and detection of frauds, compliance checks with legal regulations and rules, defense and home affairs.

• Telecommunications companies: income insurance, Customer Relations Management (CRM) and invoicing, network and services management, inventory management and media management.

• Retail enterprises: pricing, income management, promotions and loyalty programs.