Decision engine software

OpenRules Decision Manager Allows subject matter experts to build, test, analyze business decision models, and deploy them as Superfast Decision Microservices.

If you want to automate Complex Business Logic used by your organization to make better day-by-day Operational Decisions in a cost-effective way, OpenRules Decision Manager is the right tool to do it!

Supporting millions of decisioning transactions per day with high performance and availability requirements - superfast execution of large rulesets! Try It RuleLearner. In real-world production environments for the last 16 years. Allows subject matter experts and software developers to create, test, execute, and maintain enterprise-class decision-making applications.

Try It OpenRules, Inc. These products are oriented to business analysts working in concert with developers on creation of business-specific decision management systems. OpenRules makes rules-based systems not only less expensive, but more importantly, easier to develop and manage, and more sustainable.

Perhaps even more importantly, modern systems must work in real-time to continuously monitor risk and portfolios while delivering personalized marketing to borrowers. This is where decision engine software comes into play. By reducing reliance on IT professionals, business users can rapidly test and deploy risk strategies on their own.

Aided by an engine equipped with automated decision making, lenders can process hundreds of digital loan applications daily while managing risk in real-time. Like any technology, not all decision engine software is created equal. Financial institutions need a unique solution that fits their workflows and industry standards.

When choosing a credit decision engine, you should see how quickly it can be implemented, tested, and deployed.

Furthermore, you will want to know how fast the engine can adjust to credit policy changes. You understand just how quickly the lending landscape changes. From lulls in borrowing and sudden spikes due to economic conditions and trends, you need an engine that can easily adjust to the ebbs and flows of the business. A decision engine that can accommodate more applications, different credit policy changes and changing internal workflows is essential as your business grows. You should look for a credit risk management provider that is an extension of your team for your analytics strategy.

The balance highlights how many lenders use analytics to help manage risk , streamline loan approvals, and improve their target marketing. Of course, analytic capabilities are of little help without the right data. Make sure your partner uses multiple, integrated data sources to ensure you are leveraging the correct data to make solid lending decisions.

There are no one-size-fits-all credit decisioning solutions. Each financial institution has its own processes and rules in place determined by existing portfolios and market conditions. Added to that are national credit policies that regularly change and which lenders must adhere to. You need a tool that can adapt to your unique processes and be changed to accommodate different lending verticals and rules.

As a result, the Processor has a clear idea of which items will meet underwriting guidelines and where the focus remains. Underwriting then has a clear roadmap into what has already been done on their behalf.

Contact us to set up a demo and let us show you how. Files are submitted to underwriting before they are ready. Automated products often require separate paths, requiring multiple systems.