Easy Benefits Administration By Using Business Rules Engine

A business rule is a declaration that outlines the business procedure and the policies it abides by. A business rule explains the sequence of operations that is linked to the data in their database which carries out the business rule.

Benefits administration is a complicated process in which the decisions are based on the many business rules. If these rules were properly set and followed, the management of benefits, processing claims, and managing exceptions would not be so difficult.

In times like this, a business rules engine can help in automating, testing, and documenting business rules. VisiRule is a strong rules engine that works with graphical business rules editor that allows users to create and deliver the application of business rules by creating decision charts and using machine learning. It helps authors distinguish business logic from the application-specific code and understand the business with greater clarity and sustainability.

These rules engines are based on low-code development platforms (LCDPs), which is software that provides a platform for coders to create applications through the graphical interface instead of code.

Features of the rules engine

The following are some features of the rules engine that makes it an easy benefits administration system.

  • Graphical illustrations: The business analysts can model the business policies, rules, and decisions graphically and don’t need to know the program. This visual model aids a shared understanding and reduces time to market for new business rules. The rules are creatively designed in flow charts and decision tables without coding which increases understanding of the content.
  • Flexibility: The business can be self-sufficient in maintaining business decision and rules. They can produce new versions of rules and keep it separate from IT release cycles. In this way, the company can be more flexible and can handle the change cycles in the business.
  • Traceability: The rules record all of the activities when they are being created, edited, or executed in a detailed and auditable manner. The audit trails guarantee traceability and the statistics of the execution of rules show the rule model that was used and the path that was taken.
  • Scalability: The rules are constructed for applications with ensured scalability that supports and secures complicated projects.

Benefits of the rules engine

The following are advantages of using these rules engines that simplify benefits administration.

  • Reduce lines of code: The use of rules engine replaces the programming and coding with decision tables and logical rules. This lets the authors develop business logic without complicated coding. By using the declarative rules created on a decision table with a fixed value, the rules are optimized.
  • Ability to maintain versions: The software understands the difference between business rules and business policies that can change. By separating business rules from the codes the analysts can create, change, edit, and test business rules. You will be able to respond to changes in legislature and other unforeseen events.
  • Rule execution before auditability: It allows you to test rules before they are deployed. It can test the values written and analysts and stored in the tools.

Conclusion

The above-mentioned information shows how the rules engine offers more benefits such as flexibility, test runs, and greater clarity.

Pay-Per-Click Marketing Basics and Benefits

Pay-per-click or PPC is an online advertising method, where the advertiser pays a fee every time a person clicks on their ads. You can say, it is a way to buy visits to your website instead of trying to organically earn those visits. The advertisers need to bid for the ad placement on Google’s sponsored links displayed on search results top or side section.

When your PPC performs well then, the fee seems trivial because a single visit can be worth more than the paid charges. For example, if you bid $2 for a click and the result is $200 sale then you made a huge profit.

Benefits of PPC marketing

  • Fast results
  • No concerns about Google Algorithmic changes or SEO
  • Measurable results
  • Reach targeted audiences
  • Leverage business opportunities
  • Increase brand awareness
  • Effective for the local searches

Building a successful pay per click advertising campaign needs plenty of work ranging from research and choosing the right keywords to keyword placement and well-organized ad groups to optimized PPC landing pages.

Google rewards advertisers that create relevantly and intelligently targeted PPC campaign by charging them less on ad clicks. Therefore, you need to learn how to correctly plan and manage your PPC campaigns.

Google gets a colossal amount of traffic, so delivers the most clicks and impressions of your ad. How often does your pay per click ad appears will depend on selected keywords and several other factors?

It can be achieved if you focus on –

  • Keyword relevance [long-tail keywords are very specific, less competitive and less expensive]
  • Landing page quality [optimized with encouraging and relevant content along with clear CTA]
  • Quality score [based on relevance and quality of landing pages, keywords, and PPC campaigns]
  • Creative ads

How to manage PPC campaigns?

Consistent monitoring is necessary to ensure that your PPC campaign works efficiently all the time. Steadily analyzing ad performance helps to make some tweaks and keep your campaigns optimized.

  • Add PPC keywords relevant to your niche.
  • Add negative keywords [non-converting terms] to enhance campaign relevancy.
  • Split your ad groups into smaller and more relevant groups to create more targeted landing pages and ad text.
  • Review the expensive keywords and if their performance is poor shut them.
  • Landing pages content and CTAs need to be adjusted to align with different search queries. It will help to increase the conversion rate.

Things you need to be aware of PPC

For leveraging the benefits of your PPC campaign there are certain things you need to consider.

  • Never spend more on the PPC campaign than the returns you receive.
  • Campaign optimization takes time and effort, which must not be ignored.
  • Test different strategies, ads, environment, until a suitable one that works best is identified.
  • Even keep track of your competitors using PPC. Many tools are available to check on your competitor’s performance and their strategies. You can apply them to your campaigns!

PPC marketing is beneficial but it is crucial to target the right people and at the right moment. You may not be happy with the first-time results, but optimize and try again or hire a PPC ad agency to help you!

5 Features Project Managers Need to Evaluate At Every Phase

Project planning is critical as is monitoring it and measuring its success. Project success can be measured during the task in motion using several indicators. At different points project managers can evaluate the five features –

  1. Schedule

The success of your project management gets defined whether the original timeline as planned gets fulfilled or not. It is hard but project managers ensure to make it a little smooth by consistently evaluating the ongoing progress.

The project schedule gets regularly updated [weekly]. Schedule assessment is something that can be done formally after every phase. Monthly reports can be dispatched to the project board or senior stakeholders.

Online Gantt chart software is useful to update data schedules. Tasks’ status and deadlines are visible to everyone involved with the project. The project manager can check whether their major milestones fall on the same dates as scheduled. They identify any obstacles and get an idea of how much resolving it can have on the deliverable timeline.

  1. Cost

It is critical to monitor projects financial performance. After each phase compare the current project spend against your planned budget. If there are differences then identify the reason. Use the Kanban board to get an idea of actual material and labor costs in real-time.

Management teams working on the project feel liable and motivated to not overrunning the budget. They stay alert and ensure that the work is progressing as expected and planned in terms of finance and productivity. If the budget increases even by 10%, then your spending will be uncontrollable towards the end [it can reach 40%].

Due to this, there can be a delay due to a lack of material as there were no funds available to buy it. Therefore, it is necessary to be on top of your finances and within budget. Evaluating every phase helps to identify any finance overrun when it is low and addresses it. This makes a huge difference in your overall project cost at the end.

  1. Quality

Quality needs to be reviewed after a phase along with project management practices. Are you flexible with the management process like making adjustments? The quality review helps to evaluate whether the task that is done fulfills the standards configured in the quality plans. It is better to know it at an early phase rather than at the end when no changes can be made.

  1. Stakeholders satisfaction

Getting stakeholder’s real-time feedback is critical for project managers, so they get an idea of what is getting done differently. Scrum board can help because it keeps the stakeholders and team in a loop.

  1. Check whether the project is useful NOW

The project was intended to resolve a business issue but by the time it finished there have been developments and the project has turned redundant. No one took efforts to check project realistic benefits during its lifecycle, so the work was pursued on something that is no longer needed. Therefore, regularly check and evaluate whether the goal of the project aligns with current business objectives.