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Three myths every business executive should know about business rules management
Accenture examines how pensions systems can make best use of business rules management systems (BRMS) to update pensions legislation much more quickly and easily. BRMS are being touted as a saving grace to help pensions systems cut through the current complexity involved in legislative change. And they can make a tremendous difference—provided they are put in the proper context. BRMS are tools, not solutions. Executives interested in making the most of them need to understand the bigger picture.
This POV separates the most pervasive BRMS myths from the realities, providing insight and real-life examples into how governments have used BRMS with considerable success.
Across Europe, North America and Australia, politicians have pension and social security reform in their sights. However, a large segment of pensions agencies still operate with decades-old legacy systems. Every change in legislation, no matter how minor, requires labor-intensive hard coding by IT staff.
Increasingly, BRMS are being touted as a saving grace. The appeal is understandable: the current volatility in the pensions systems environment means that, more than ever, governments need a way to quickly change rules and systems. Moreover, they need to do it in a way that directly involves the business users who understand the impact of the changes, rather than just the IT department. But are BRMS all they seem?
However, at its heart, successful business rules management is not about some human services technology, but about understanding and managing the rules that drive your business so that everyone and every system can use them. This is a fundamental shift in thinking: Success is not about the BRMS tools you use.
January 10, 2011
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