Rule Based Accounting Engines

A rule based accounting engine is an accounting system that uses a rule engine to express accounting policy. It has the same features as any other accounting system: it accepts business events from a wide variety of sources, validates them and produces accounting treatments for one or more GAAPs to a ledger and sub-ledger as required. It can aggregate, post process and report on its behaviour.

However, because it maintains its accounting policy in a rule engine (or BRMS), that policy can be expressed in business terms - in plain English - (not in technical code) this has the following business benefits:

• the accounting policy can be reviewed directly by the business with no intermediary
• the accounting policy can be changed directly by the business
• new accounting policies can be implement quickly with no need for error prone translation by IT practitioners
• the system can show the impacts of change before they are applied
• the system can explain every output it generates - ideal for finding mistakes or training newcomers

Business rules are a natural and powerful way to express accounting policy - let us show you how.

Key Benefits

• Access to world class team specialised in accounting engine implementation based on business rules
• Policies can be directly understood, and even controlled, by business SMEs
• Rule Reuse helps to standardise your accounting and reconciliation policies
• Policies are expressed in business terms and every change is audited: supporting compliance initiatives