Sapiens DECISION: Managing business decision logic at scale
Sapiens DECISION – formed when financial services software specialist Sapiens bought Knowledge Partners, Inc. in 2014 – has a formidable track record as a theory and practice pioneer in the decision management space. It’s pushing hard to expand its audience.
A unique proposition for managing business decision logic
Founded on a sophisticated, logical approach to analysing and modelling business decisions and their implementations – The Decision Model – Sapiens DECISION’s DECISION Suite is a unique proposition in the Decision Management technology marketplace. It provides an integrated suite of tools and capabilities to help teams of business analysts and subject-matter experts define and manage business decision logic through its lifecycle – and although the artefacts you create with DECISION Suite can be automatically translated into executable business rules, the practice you create and support with DECISION Suite is completely independent of any particular business rules technology.
A focus on large-scale decision management initiatives
The validation, testing, governance and control capabilities of DECISION Suite are formidable – and if you need to work with significant-sized, perhaps distributed teams to manage large, complex decision logic then those capabilities will prove invaluable. This will be particularly true in scenarios where regulatory compliance is part of the picture – the ability to clearly associate logic assets back to business requirements, and to implement solid controls over changes to all facets of design specifications, is of major value here.
However if you have more modest decision management requirements, investing time and money to make the most of DECISION Suite’s functional depth and richness may be difficult to justify today. That said, the company is investing in architectural flexibility, user experience and feature flexibility – all of which should bear fruit in the coming months. This is welcome.
Another suitability factor worth mentioning is DECISION Suite’s support for the DMN standard – which is partial, though improving. Lastly, it’s worth noting that DECISION Suite is focused exclusively on modelling and managing prescriptive, rather than predictive, decision logic: decision implementation details are currently defined exclusively using decision tables.
Introducing Sapiens DECISION
Sapiens DECISION was formed by the acquisition of decision management consulting and software firm Knowledge Partners, Inc. (KPI) by financial services specialist software provider Sapiens International in July 2014. The Sapiens parent company was founded in 1982 and currently has around 200 customers and 1,900 employees.
Sapiens’ stock is publicly traded on the US NASDAQ and Israeli TASE exchanges. The company made a $19.3m net profit for 2016, on revenue totalling $216.2 million (a 16.5% increase over the previous year).
Sapiens has offices in North America (New Jersey, Cary NC, Toronto), UK, Europe (Belgium, France, Poland, Denmark), Turkey, India and Asia-Pacific (Australia, Japan and Singapore) as well as Israel.
Sapiens DECISION focuses primarily on financial services use cases (mortgage origination, servicing and securitisation; core banking, risk management and compliance; investment banking) but also runs specialised teams focused on the needs of healthcare and insurance / retirement services providers.
Sapiens DECISION’s core product is the Sapiens DECISION Suite – a comprehensive software tool and platform suite designed to support the discipline of business decision management ‘end to end’, specifically in relation to prescriptive business logic (rather than aspects of decision management relating to predictive statistical modelling). DECISION Suite is currently on version 6.2.
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