Corticon Solutions

The banking industry continues to evolve with competition and customer demand driving new products. In order to compete, banks must improve their core operations, manage a more complex payments environment, and issue and manage credit effectively. Corticon's rules modeling solutions are here to help. Corticon enables banks and other financial service providers to balance risk, gain agility and improve compliance like never before. Leading financial service providers such as Citi, M&T Bank and Royal Bank of Scotland (RBS) are relying on Corticon solutions to assist in:

• Core Operations
• Front Office
• Risk Management
• Credit Decisioning
• Payments Processing

Take steps today to learn more:

• Read How STW Increased Agility and Reduced Operating Costs with Business Rules Software
• Hear more about Achieving Real-time Customer Management in Banking

Government agencies are making great strides in automating systems to better serve the needs of constituents and improve the agility and efficiency of public services. A key contributing factor these goals is the automation of decisions in operational processes. Corticon's decision management solutions are here to help. Corticon enables government to automate decisions that will help reduce inconsistency and errors across programs and people. Government organizations who rely on Corticon solutions include Federal Aviation Administration (FAA), NC Dept of Health & Human Services, and the U.S. Department of Agriculture.

Take steps today to learn more:

• Read how to Automate Decision Processing

The insurance industry continues to face unprecedented change. New regulations, new technologies and volatile financial markets imply that only the agile will survive. Corticon's business rules solutions are here to help. Corticon delivers a better way to organize and automate your business rules. It will help you reduce costs and improve service levels... all while maintaining unprecedented agility and business control. Leading insurance providers such as Cigna and Unum are relying on Corticon solutions to assist in:

• Sales and Underwriting
• Offer Management
• Eligibility and Enrollment
• Claims Processing and Recovery
• Policyholder Servicing and Compliance

Take steps today to learn more:

• Hear How Unum Delivers Agility with Business Rules Software
• Read about Flexibility and Control in Insurance Operations

Externalize the rules and enhance your BPM solution with business rules management.

Corticon Business Rules Management System (BRMS) drives decision automation within the world’s leading business process management solutions by capturing and executing decisions within business processes. Business rules exist within processes to help drive decisions but without a rules engine, they can result in diagrams that are complex, fragile, and prone to error. By externalizing the modeling and execution of rules with Corticon, BPM solutions can automate decisions in any business process. While a business process may change infrequently, the rules that drive the process can change regularly and rapidly - such as rules relating to product offers or loan rates. With Corticon, you have the ability to change rules independently of the process itself - saving time and reducing errors. Use Corticon with your BPM solution to:

• Increase Speed of Development
• Improve Quality of Process Design
• Enhance Agility
• Reuse Logic

Legacy applications have become the de facto repositories of business knowledge for many organizations – their "corporate memory". 

When business logic is coded into application, you risk that it becomes obsolete and eventually difficult and expensive to maintain. The application modernization features of Corticon transforms outdated systems by harvesting, validating and re-deploying business knowledge and logic for use in new applications. Accurately preserving embedded business rules and decisions during modernization is essential and Corticon's patented "no coding" rules engine moves modernization efforts from "time and labor intensive" to "automatic". Corticon arms business and IT users with the ability to collaborate on the most challenging aspects of modernization projects - providing immediate transparency into any legacy code with: 

• Characterization – Works with over 100 languages to analyze the existing application. 
• Knowledge Mining and Modeling - Reverse-engineers the legacy code to generate a detailed view of the application - process maps, flowcharts, data models and embedded business rules. 
• Modernization - Rules models to help development staff better maintain existing code, and utilize the fully executable models in redeveloped SOA based applications. 

Corticon delivers dramatic increases in operational agility and up to 90% reduction in application development and change cycles.

Corticon business rules management and compliance allows you to model, automate and audit the policies that govern your business.

In a world of increasing internal and external scrutiny, compliance is an acute concern for all organizations. At the same time, compliance must be balanced with other business demands, such as growing revenue or managing operational costs but ensuring compliance is a costly, time-intensive process. But, not ensuring compliance is a recipe for disaster. Corticon is a powerful solution that will help you model, automate and audit the policies that govern your business. 

Corticon business rules management enables you to manage your policies as executable models, defined and controlled through a business-friendly desktop, and automatically enforced across enterprise systems. For example, with Corticon, anyone who can use Microsoft Excel® can model your revenue recognition policy. Corticon’s patent-pending technology then takes over and identifies where holes exist in the policy and where policy definition is ambiguous. Once your policy is modeled and corrected by the Corticon system, it is automatically converted into a standards-based software asset, which can be used to automatically enforce the policy where and when needed. When used to automate policy enforcement, Corticon provides a complete audit trail, which provides clear traceability back to policy definition. 

Regulatory compliance is not just about reducing risk. Automating control points with Corticon will: 

• Improve the reliability and consistency of corporate processes and procedures.
• Reduce operational costs by automating steps in any business process.
• Deliver increased business agility as core organizational policies can be changed and tested by the business without long IT development cycles.

Manage the logic behind dynamic document beneration with Corticon business rules management.

Starting as "Database Publishing", but morphing into a modern version called "Document Composition" or "Document Automation", Dynamic Document Generation refers to IT-based systems that generate outbound correspondence in any document format from various data sources using formatting and process rules. Examples include legal documents, mortgage contracts, transaction confirmations, client correspondence, direct mail marketing, insurance policies, sales offers, etc. - in essence, any document that can be generated from existing data sources using defined rules.

Historically this area covered relatively simple, high volume correspondence where variables such as customer name were inserted to create a personalized document. Dynamic Document Generation takes this concept to the next level. In the survey undertaken by META Group, 70% of respondents cited document production cost as being an organizational challenge. Dynamic Document Generation is able to handle extremely complex document generation such as a Commercial Loan Document Package, selecting the right legal documents and literally building each document in the loan package from the ground up, based on user managed business rules and document components (words, sentences or paragraphs of variable text).

Complex documents are variable. The simple part is inserting basic variables into a document, such as a name or loan amount. But what about when sub-sections (groups of words, sentences or paragraphs) within a larger section are variable based on the combination of multiple elements, such as the legal form of borrower (S-Corp, C-Corp, LLC, LLP, etc.), the state (50X), collateral (real estate, receivables, etc.). In this simple example there are 6800 potential combinations or business rules. But, how are you going to easily create, maintain and test these rules? This is where Corticon comes in.

Corticon is a powerful solution that will help you model, automate and optimize the rules that govern your creation of complex documents. Corticon business rules management enables you to manage your rules as executable models, defined and controlled through a business-friendly desktop, and automatically enforced across enterprise systems. When used to automate dynamic document generation, Corticon provides a complete audit trail, which provides clear traceability back to rules definition. And because Corticon automates dynamic document generation without latency, processes are transformed. Problems historically found in downstream control points can be eliminated at the beginning of the process. Automating document decisions with Corticon will:

• Improve the reliability and consistency of corporate processes and procedures.
• Reduce operational costs by automating steps in key business process.
• Deliver increased business agility

Business rules and business intelligence - analyze the logic behind your operational transactions with Corticon Business Rules Management.

Business intelligence (BI) is a powerful mechanism to analyze historical information through the use of modern, near real-time dashboards. While business intelligence helps us to understand our transactional data, a business rules management system (BRMS) takes it to the next level by helping us understand the logic behind the transactions. If you examine a decision within an organization, you will find that business rules likely contributed to the end result. Sometimes the decisions (and their business rules) are automated, but often they may have been written into a policy manual used to train employees responsible for making the decision. With a business rules management system you can capture and automate your business logic outside of your compiled applications, and process it against your historical or current transactions for increased transparency and auditability. With this information, Corticon can both deliver "business rules-driven" analysis and operationalize the results - which is not possible with business intelligence alone.

There are two primary uses of business rules-driven analysis:

• Analyze Transaction Compliance Using Business Rules. Examples include claims leakage, portfolio trade compliance and Sarbanes-Oxley 404 Auditing
• Analyze the Impact of Business Policy Change on your Organization. Examples include credit card dispute (preset approval), Basel II (reserves analysis), claims disaster
  
  

Unlike standard business intelligence solutions, business rules driven analysis can be operationalized by Corticon. The rules models you are using to analyze your transactions today can be moved into production to actually automate those same transactions. The rule models used to determine if your claims transactions are compliant with policy can immediately become the rules used to automate those same transactions.