Today's companies face a great challenge: to continuously adapt business processes and rules to changes in real-time. In order to be competitive in the marketplace, companies must learn to handle changing regulations or company policies quickly and with ease. Meet these changes with dynamic applications!
Business users have the knowledge of continuously changing business rules, processes and user interfaces.
Read more: Modeling of Business Rules, Flow Rules and Layout Rules
IT professionals have the expertise about the technical aspects and the implementation of applications. In order to maintain effectivity, both should focus on tasks which pertain to their expertise. Therefore, companies pay attention to two principles:
Innovations’ rule-based approach complies with both principles:
With DAF and Visual Rules, dynamic applications that are individually tailored to the company´s demands can be delivered with minimal time-to-market (e.g. for credit risk rating).
References
Volkswagen Bank: Corporate Rating (Basel II)
Rand Merchant Bank: Credit Rating Management