A Business Rules Engine (BRE) is a software tool that is used to define, manage and execute business rules within an organization.
It is a statement that defines a specific aspect of the business and how it should operate. These rules can be used to automate decision-making processes, validate business transactions, and enforce business policies.
For example, a business rule might define how a customer’s credit rating is determined.
BREs are designed to be flexible and easily configurable so that business users can modify the rules without requiring assistance from IT staff. This allows the rules to be updated quickly in response to changes in the business environment.
It also enables non-technical users to manage and update the rules, which can be useful for organizations that have a lot of rules or need to modify them frequently.
BREs can be integrated into a wide range of applications, such as customer relationship management systems, enterprise resource planning systems, and financial systems.
Once the business rules are defined, the BRE evaluates the rules against the data that it receives, and takes appropriate action based on the outcome of the evaluation. This can include sending an alert, initiating a workflow, or updating a database. The BRE can also provide feedback on the results of the rule evaluation, which can be used to analyze and improve business processes.
In the context of insurance, businesses could leverage a BRE to automate the decision-making process for insurance claims processing. The rule engine would be programmed with the company’s business rules and policies, such as coverage limits, deductibles, and eligibility criteria. When a new insurance claim is submitted, the BRE would analyze the data provided in the claim form and determine the appropriate action to be taken based on the business rules and policies.