QFund provides a configurable rules engine facilitating privileged administrative users of the solution to add/modify or delete any applicable rules. It facilitates creating rule-sets, which is essentially a combination of various rules with pre-configured values for each rule. The applicability of that rule lies between a date range, if required, and it can then be mapped to a store, thereby eliminating the need to re-define the entire rule-set to other stores. There is no restriction on the number of rule-sets that can be created in the application.

The business rules engine in the solution can also be customized to include any additional rule requirements, to match the needs of QFund’s users.

Configuring the rule based engine in the solution is carried out by the following process

Creating Rules Set

• Any store that needs to disburse payday loan/installment loans has to be guided through a set of predefined rules.

• Admin users can create a rule set i.e. a combination of various rules furnishing the details uch as rule values with effective start date, and effective end dates.

• The Admin has a provision for creating rule sets by copying the rule values, and other details of existing rule sets 

Rule set mapping

• The Admin can map the rule sets created using the business rules module, to a store.

• All the rule sets created are displayed in a dropdown.

• Admin selects the rule set to be mapped to the store, and processes the mapping.

• Any particular rule sets cannot be mapped twice on a same day.

Features

Completely flexible and configurable business rules engine for state/store level

• Over 110 configurable rules in the rules engine to address the various scenarios of state and federal regulations

• Centralized control of the rules and rule changes, from the administrative interface

• Rule or rule value changes made using the administrative interface are instantaneously reflected at the stores

• Edits rule and rule values, and maintains a history of changes