42 Solutions
London, United Kingdom

"ILOG JRules is the best in class BRMS and supports the requirements of a modern financial event management environment. By adding an interface dedicated to the definition accounting rules to ILOG JRules, we will be able to give business users quicker access to the power of JRules, which provides a strong environment in terms of control, quality, traceability and audit ability, and responsiveness in the generation of accounting events."

Brian Jarrett Managing Director 42 Solutions

Alliance relationship
42 Solutions and ILOG will collaborate to facilitate the use of business rule management systems (BRMS) in accounting processes. The collaboration will provide customers with predefined service offerings such as dedicated accounting data models and user interfaces to generate and manage accounting events through the ILOG JRules BRMS platform.

The collaboration will facilitate the development and deployment of ILOG BRMS solutions in the accounting market, improve time to market and reduce the cost of ownership for managing accounting rules and implementing new products and regulatory modifications. ILOG JRules is already deployed by leading retail and capital market firms for accounting event generation.

ILOG contribution
ILOG JRules is an enterprise-class BRMS that supports multiple applications, tens of thousands of business rules, and provides tools to support all people involved in the rule creation and maintenance process, including business professionals, systems administrators and developers. A centralized rule repository facilitates the reuse, maintenance and deployment of rules to multiple applications. The accessibility of ILOG BRMS to business users enables financial services organizations to efficiently manage accounting rules and rapidly implement new products and regulatory modifications.

Results
ILOG’s market-leading BRMS, combined with 42 Solutions expertise for best practice in financial and accounting architecture, will enable financial services organizations to modernize their financial IT infrastructure for a more customer service-centric organization, increase return on investment (ROI), and reduce IT costs.

Technical Background
42 Solutions is a niche consultancy company specializing in the advice and skilled resources to financial services clients. One of our key focus areas is on finance business architecture, including business and accounting rules, data warehouse and ERP implementations and systems integration.