Policy Engine
Policies are used as part of risk management, information security, or other compliance functions. They intercept activities and execute controls to reduce the risk or to cancel activity altogether.
Policy Engine allows you to create
PolicyRules
(conditions to be met) and PolicyControls
(actions to be taken), and then put them together to create Policies
. Take the following example:Clare, the customer's compliance officer, has to implement these new policies:
- 1.For payments over $100,000, request approval from a Vice President.
- 2.For payments over $250,000, request approval from both a Vice President and a Managing Director.
To do that Clare will have to create
Policies
composed of different PolicyRules
and PolicyControls
:- Large Payment:
PaymentAmountLimit
with amount value of $100,000. - Very Large Payment:
PaymentAmountLimit
with amount value of $250,000.
- Vice President Approval:
RequestApproval
scoped to VicePresidents. - Managing Director Approval:
RequestApproval
scoped to ManagingDirectors.
- Large Payment
Policy
with:- Rules: Large Payment
- Controls: Vice President Approval
- Very Large Payment
Policy
with:- Rules: Very Large Payment
- Controls: Vice President Approval, Managing Director Approval
Last modified 1mo ago