Business Rules Engine automates and enhances document post-processing by applying customizable conditions and actions. You can define sophisticated logic to validate, transform, and enrich extracted data, reducing manual effort while enhancing accuracy.
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Business Rules Engine (BRE) automates and enhances document post-processing by applying customizable conditions and actions. You can define sophisticated logic to validate, transform, and enrich extracted data, reducing manual effort while enhancing accuracy. Dependance: Business rules runs on top of Veryfi’s data extraction.
It’s as simple as 1, 2, 3:
01 Define “Conditions” (Logic): Specify what data field(s) to inspect and what to look for. Chain many conditions for complex business processes.
02 Apply “Actions” (Do): When condition(s) are met, this triggers an associated action such as updating fields, tagging documents, or creating new fields.
03 Deploy and Iterate
– Automate tasks to handle more data without hiring (95% time savings)
– Innovate faster with automated data processing
– Stand out with cutting-edge solutions (30% client growth)
– Auto-detect fraud (50% reduction in losses)
– Ensure compliance with auto-checks
– Boost accuracy, slashing human errors (99.9% data precision)
– Accelerate processing (70% faster turnaround)
– Instant approvals for happier clients
– Shift staff to strategic work (25% boost in productivity)
CPG Brands face slow, non-scalable, and error-prone results due to manual document validation processes when launching loyalty campaigns. Business Rules Engine automatically validate each submitted document to verify key criteria such as total amount, date, and vendor eligibility, etc.. This ensures faster, scalable, and accurate processing, eliminating manual errors and enhancing the efficiency of loyalty campaigns.
Inability to detect and mitigate fraudulent activities effectively. Veryfi API, combined with a Business Rules Engine and Fraud Detection, automatically flags suspicious documents and either instantly rejects them or routes them for manual review for further validation.
Delays in processing and verifying compliance with all reward policy criteria lead to low participation and engagement in loyalty programs. Veryfi API, integrated with a Business Rules Engine and Product Tagging, automatically verifies all reward policy criteria, identifies eligible products on the receipt, and determines whether the participant qualifies for rewards.
In this example you are running a loyalty program. Loyalty programs work on the notion that you are rewarded (cash or points) for certain purchase behavior which you prove by uploading a receipt that shows this purchase. Say you want to accept all CPG receipts where the user has made a specific purchase ie. Pepsi.
Condition:
line_items.description CONTAINS "Pepsi"
Action:
UPDATE tags "approved"
Manual document approval and routing are time-consuming and error-prone, causing delays and inconsistencies in data. Employees verify each document, ensure it meets criteria, and route it to the appropriate department/individual. Business Rules Engine automate data validation and approval based on predefined criteria. Once validated, the document can be automatically routed to the appropriate person or department for further action, if needed.
Fraud in bill payments can arise from unauthorized, duplicate, or fake vendor payments. Manual detection is inefficient and often misses sophisticated fraud schemes. Business Rules Engine combined with a Fraud Detection, flags suspicious documents and either rejects them or routes them for manual review. It checks for anomalies like unusually high payments, new or unknown vendors, duplicates and etc.
Ensuring expense claims comply with company policies is complex and time-consuming. Employees may submit claims that exceed limits or breach policy. Veryfi API, integrated with a Business Rules Engine cross-checks each submission against company reimbursement policies, validates expense categories, checks receipt authenticity, and ensures policy limits are met.
Say you want to reject all expense claims from travelling employees who breach one of the company’s travel policies around alcohol purchase using the company’s card. Inside the Veryfi Portal under Business Rules Engine, this is how you’d setup a business rule to flag all those receipts in real-time.
Conditions:
line_items.text CONTAINS "alcohol"
OR
line_items.type EQUAL_TO "alcohol"
Action:
UPDATE tags "rejected"