Whitespace Consulting of Boston, Ma. has released survey results on Business Rules market adoption in the US. The survey discovered many companies in the F500 were performing due-diligence or piloting applications utilizing a business rules approach. Level 0 (Unaware), 1 (Adhoc) or 2 (Repeatable) on the KPI's Business Rule Maturity Model scale. The Financial Services industry, specifically the Insurance sector, appeared to be the farthest along in their experimentation, many institutions with systems already in production.
CIOs and IT leaders are under tremendous pressure to demonstrate how they deliver real value to their businesses. They must ensure that their IT staff is working on the right activities at the right time plus ensure that Business and IT priorities are aligned. Summit Strategies analysts have identified a number of key global business process transformations that can be successfully executed when IT and business leaders share a common view - from the dynamic day-to-day operational IT priorities to the ups and downs of customer demand within key business processes.
Most organizations have now had a taste of what's involved in complying with regulatory mandates, whether for HIPAA or for SOX section 404, and they are realizing a better, more cost effective way of managing these initiatives is needed. Learn how companies can implement a compliance management approach that:
Savvion’s award winning Business Process Management system, Savvion BusinessManager™, enables organizations to automate and manage critical business processes by integrating the people and systems that execute those processes. From supply-chain to service management, help desk and employee self-service applications, Savvion’s unique lifecycle approach to process enables business and IT to collaborative to deploy process improvement initiatives in less than 90 days while delivering a 200% – 300% return on investment.
Forward-looking organizations realize that BPM-based SOX compliance solutions will not only meet their initial regulatory needs, but also provide the long-term framework for strategic risk management and process control. Creating compliance "Inside" business process controls enables an organization to go beyond documenting and evaluating SOX controls to actually remediating deficient controls and enforcing them within their business processes.
Business Rules Engines (BREs) have been getting more attention over the last few years. Seen as a way to increase the visibility and accessibility of a business’ core policies as they exist in applications and ensure a stronger alignment of business priorities and application systems, these engines are being used to automate a company’s business rules in a consistent and cost-effective manner.
Business Exceptions are created as processes break down, as new ways of doing business replace old, and as partners change their processes. If not well managed, exceptions will reduce operational profitability and impede growth. The annual direct labor cost of exception management exceeds $10 billion. However, the indirect impact of exceptions - including indirect costs, lost revenue, dissatisfied customers, and lost agility - is much greater.
Integration is all too often seen as the only answer to the problems facing organisations. These problems typically involve the historic implementation of systems and applications, which were installed to solve specific issues. However, if organisations solve the problems of the now without regard to the future, then they are simply wasting resource in a bid to maintain a certain position.
Service-Oriented Architectures (SOA) were designed to make life simpler, but many SOA implementations are becoming more complex than the architectures they're replacing. To achieve maximum benefit from your SOA, it's crucial to keep up with architecture and design principles, plus newer SOA technologies like integration appliances, that actively drive simplicity and project acceleration.
Enterprise Decision Management (EDM) offers organizations the opportunity to lift performance in many areas of operations. Wherever business processes involve complex decisions, and these decisions must be made rapidly, in high volumes and under changing conditions, EDM will improve results.
