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:
PolicyRules
Large Payment: PaymentAmountLimit with amount value of $100,000.
Very Large Payment: PaymentAmountLimit with amount value of $250,000.
PolicyControls
Vice President Approval: RequestApproval scoped to VicePresidents.
Managing Director Approval: RequestApproval scoped to ManagingDirectors.
Policies
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

Policy Engine

`PolicyRules`

`PolicyControls`

`Policies`