Straight-Through Processing for Optimized Operations
Business rules engines provide a flexible and efficient way to manage complex business logic and decision-making, which makes them necessary for straight-through processing.
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Business rules engines are powerful software solutions that manage decision processes. They are the instructions on how the system (software or service) should behave given the exact conditions.
The typical business rules structure looks like this:
• when [condition],
• then [result].
Business rules engines provide a flexible and efficient way to automate decision-making processes and reduce manual intervention. They can help businesses make more informed decisions, reduce costs and improve customer experience.
Business Rules Engine
Customer segmentation is a critical aspect of any successful business strategy, but it can be a complex and time-consuming process without the right tools. That's where a business rules engine comes in.
Hyperon helps businesses to build highly personalized products that meet customer expectations. By leveraging the power of a business rules engine, you can segment your customers faster and more accurately.
Using Hyperon, lenders can assess an applicant's creditworthiness by performing complicated calculations in real-time.
Hyperon enables developers to externalize complex business logic such as scoring rules. This logic can be modified by developers or business experts in Hyperon. Each modification is immediately shown in the application.
A solution that can, for instance, calculate market demand, inventory levels, and seasonality, and then set prices accordingly.
Hyperon is an effective tool that helps companies dynamically price their products and services. Non-technical users can make instant changes to complex pricing rules. All this without having to rely on the IT department for help!
Hyperon is a rules engine for developers who appreciate performance. We've conducted a series of tests to understand Hyperon’s efficiency.
Importantly, the solution is technology agnostic. Users can benefit from Hyperon’s full potential by building applications by employing Hyperon in any application via REST API or any JVM (Java Virtual Machine)
Focus on the challenges. Leave configuration work to business people.
Hyperon enables business experts to fine-tune these rules at run-time without relying on IT support.
Long and costly delays are a thing of the past. Hyperon turns months into minutes by giving business users control over product development and deployment.
Respond to the market faster. Define rules in run-time without relying on IT support.
To get started using Hyperon, you need to integrate your application with Hyperon. Integration can be done using Hyperon Runtime REST API or Java API.
Now, all changes in Hyperon can be made through Hyperon Studio.
Next, your business structure and values are available in Hyperon Studio which is a web-based graphical user interface.
All values and rules are updated and ready to use in the business application.
Our architects and programmers will be happy to advise you free of charge on your architecture and provide advice on best practices in using Hyperon.
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Business rules engines provide a flexible and efficient way to manage complex business logic and decision-making, which makes them necessary for straight-through processing.
Read moreLearn how a business rules engine can help create a powerful sales portal that optimizes complex decision-making.
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Insurance software reduces fraud, automates services, builds customer relationships, and increases operational efficiency.