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INNORULES, a software company that developed the world's first integrated management system for five major financial products, announced in February that it has applied for ten patents for 'business rule management system', 'BRMS-based insurance payment automatic calculation device', and 'BRMS rule-based price management device and method', etc. 

INNORULES' recently applied patents are for methods to support smooth and accurate communication and collaboration between IT and business departments by managing rules in the form of a table, flowchart, etc. In addition, INNORULES' novel knowledge of sales price management, medical cost management, and insurance premium management using a business rule management platform has also been applied for patents.

Eight different rule templates that can apply according to tasks show INNORULES' competitive edge against other foreign software in terms of versatility and usability. By filing for patents on various rule management methods, INNORULES will gain a differentiated technological edge over global competitors.

Since business rules provide guidelines for controlling various decisions necessary for a corporate to operate, effective management of business rules is directly related to corporate work efficiency. Therefore, this patent, which proposes a method of managing business rules that frequently change according to government policies or corporate strategies, is evaluated to have great utility value for enhancing corporate efficiency.

Kil-Kon Kim, the CEO of INNORULES, said, "We are making continuous efforts in R&D to the extent that the number of developers in the company accounts for 40% of the total workforce."

INNORULES is a leading BRMS company, expanding its business areas from medical to financial fields such as insurance, credit, banking, and securities. Based on the successful entry into Japan and the establishment of partnerships, the company is accelerating its entry into global markets such as the United States, Canada, China, Singapore, and Vietnam.