ProductXpress delivers improved speed, corporate governance, a validated and auditable process, self-documenting features, historical comparisons of text and mathematical formulas, and holistic collaboration.
While your competition struggles with spreadsheets, random documents, and word-of-mouth development methods, your company will be able to focus on increasing its market share.
ProductXpress is a powerful calculation and related rule engine that can be executed from multiple front-office and back-office systems. Although similar tools have been built to support specific business areas, ProductXpress is designed to support any calculation for any functional area, including:
- Rapid product development and enhancement
- Rate and price change optimization
- Risk management, compliance, transparency, and auditability
- Profitability and financial management
ProductXpress is a graphical, collaborative model design and calculation environment used by marketing, analysts, actuarial, business line, and IT teams. It contains a common rules and calculation engine used with customer-facing and back-office administration systems. Because the solution is model-driven, it requires no traditional programming practices or coding. Implementation is rapid with typical projects take between 30 and 90 days from training to production.
ProductXpress encompasses two main modules:
ProductXpress Designer
- A glass box for your business development teams
- All design, specifications, documentation, and related intellectual property are consolidated into a central repository.
- Every element of every step within the development process is fully documented.
- Changes are tracked so you know who changed what, when, and why.
- It streamlines communications for more productive activities.
- Calculation and rule specifications can be tested centrally and then moved directly to production.
- Model documentation is generated automatically.
ProductXpress Calculator
- A black box for your IT integration teams
- Business development teams hand off encrypted XML documents
- It integrates easily with administration and illustration systems through the provided integration templates
- Easy and consistent deployment to mainframe, mid-range and mobility platforms
- The calculator supports network load balancing for high availability and extremely large processing volumes
- You can easily install and update it using a fully automated process
- You have a console to manage ProductXpress Calculator production instances
ProductXpress delivers improved speed, corporate governance, a validated and auditable process, self-documenting features, historical comparisons of text and mathematical formulas, and holistic collaboration—all within an iterative design process.
Key benefits of ProductXpress include:
- Effective communications between business and IT: There is a common toolset for both IT and the business to define model requirements, improving communications and governance.
- Reuse: Reuse of tested and verified model components reduces the cost and time to develop subsequent models, including support for inheritance.
- Full audit trail and change control: The ProductXpress Designer Server keeps an exact history of all products. Two clicks of a mouse are all that is needed to compare two versions of a product.
- Easy integration: It is simple to integrate using SOAP and other technologies. Example code is provided for common programming languages and protocols.
- Fully automated upgrade cycle: Customer-defined content is automatically upgraded to the current ProductXpress release.