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Business Rule Management System (BRMS) has been rapidly introduced into the corporate business system since 2000, led by the financial sector, to improve business speed by strengthening the flexibility and adaptability of the business system to business changes.
INNORULES (CEO Gil-gon Kim, www.innorules.com) developed a BRMS solution 'InnoRules' in 2001 to meet the needs of the market. InnoRules has been introduced to various corporates and currently has the highest market share. "InnoProduct" is a product factory solution developed based on BRMS to quickly and flexibly accommodate policy changes such as the Capital Market Integration Act and the Financial Product Sales Business Act and changes in products and services such as finance and telecommunications that need to respond quickly to consumer needs. It is being introduced to establish various financial product systems such as insurance, securities, cards, savings banks, and capital. Recently, almost all financial companies that establish product systems are choosing InnoProduct instead of DB-based self-development.
"InnoRules" is a BRMS solution consisting of an integrated management tool that defines and manages corporate business rules, processing procedures, and judgment standards independently of applications, develops, tests, distributes and maintains business rules, and business rule stores. Various business rules are separated from the program and managed as business rules through systematic objectification, and various management functions such as rule history management, rule verification, and service through API are provided. Through this, flexibility is provided to applications to enable rapid and flexible business operations that lead to easy system development, less maintenance efforts, and cost reduction.
Based on this growth, INNORULES, which has developed products with its own technology in the BRMS market, is planning to develop into a company that competes with technology rather than sales power and a global BRMS company that can continue to grow. With INNORULES' products being introduced to the next-generation system in most financial sectors, it is seeking to expand its base by widening the range of BRMS-based products and establishing a domestic sales agency system through a partnership with various solutions.