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Fair Isaac Introduces State Compliance Decision Manager, a New Aggregate Spend Solution for the Pharmaceutical Industry.


Blaze Advisor-Powered Solution Helps Companies Provide States with More Comprehensive Information on Multiple Types of Promotional Spending

MINNEAPOLIS -- Fair Isaac Fair Isaac Corporation (NYSE: FIC), founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, provides consulting services and enterprise decision management systems.  Corporation (NYSE NYSE

See: New York Stock Exchange
:FIC FIC First International Computer
FIC Fogarty International Center (John E. Fogarty International Center for Advanced Study in the Health Sciences; National Institutes of Health)
FIC Fellowship for Intentional Community
), a leading provider of business analytics and decision management technology, today announced the immediate availability of its new State Compliance Decision Manager[TM] solution. The solution is designed to help pharmaceutical firms meet regulatory compliance demands through more effective reporting and managing of multiple types of promotional spending across an organization.

With State Compliance Decision Manager solution, pharmaceutical firms can now provide states with more comprehensive and accurate information on commercial or "aggregate" spend associated with healthcare professionals and organizations -- including dinner meetings, "lunch and learns," and medical gifts -- to support current legislative requirements, including Office of Inspector General Noun 1. Office of Inspector General - the investigative arm of the Federal Trade Commission
OIG

independent agency - an agency of the United States government that is created by an act of Congress and is independent of the executive departments
 (OIG Noun 1. OIG - the investigative arm of the Federal Trade Commission
Office of Inspector General

independent agency - an agency of the United States government that is created by an act of Congress and is independent of the executive departments
) and PhRMA guidelines. The State Compliance Decision Manager solution is powered by Fair Isaac's Blaze Advisor A system for adding rules-based processing into an application from Fair Isaac Corporation, Minneapolis, MN, (www.fairisaac.com). Blaze Advisor is a Java-based rules engine that enables Windows, Solaris and OS/390 applications to be more easily revised by making changes in the rules [TM] business rules management system, an industry-leading software package that allows design, deployment, execution and maintenance of business rules and policies as part of an automated business application.

State Compliance Decision Manager solution gives business owners greater process control and the ability to quickly update systems based on legislative changes. Its flexible standards-based architecture simplifies development efforts by seamlessly integrating with existing reporting environments and data. Companies can implement and enforce public policy changes quickly and accurately, reduce time and costs to incorporate aggregate spend changes, accelerate development and reporting, increase their business process agility, and minimize errors through a rules-driven compliance process.

"Legislation reflecting the ever-changing, state-level regulatory environment requires pharmaceutical firms to implement a system that helps them reliably and effectively track and report spend," said Jim Kalustian, vice president of the Pharmaceuticals and Healthcare division at Fair Isaac. "Managing this process can be a daunting daunt  
tr.v. daunt·ed, daunt·ing, daunts
To abate the courage of; discourage. See Synonyms at dismay.



[Middle English daunten, from Old French danter, from Latin
 task. Fair Isaac has worked with leading pharmaceutical companies to develop a solution that leverages our success in helping leaders in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 and insurance manage complex and changing regulatory compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds).  while optimizing their overall spend."

Fair Isaac's solution is designed to support pharmaceutical companies in their efforts to achieve regulatory compliance with current and future state-level reporting requirements by enabling them to move from a more retrospective focus of "what did we spend" to a more predictive "how and where should we spend."

State Compliance Decision Manager solution will help firms effectively manage multiple types of spend across the organization and provide reporting to individual states by providing a centralized storehouse for all current customer and spend data. Fair Isaac's rules engine is used to author, maintain and manage state-level business rules across client systems and organizations without the need to change code in existing systems. Closely linked to Fair Isaac's Blaze Advisor system, industry-standard reporting tools are leveraged to provide spend reporting to individual states and threshold reports in support of internal requirements.

About Fair Isaac Business Rules Technology

Analyst firm IDC recognized Fair Isaac as the worldwide revenue leader in the Business Rules Management Systems (BRMS BRMS Business Rule Management Systems
BRMS Backup and Recovery Media Service
BRMS Backup Recovery and Media Services
) software market in "Worldwide Business Rules Management Systems Software 2006-2010 Forecast and 2005 Vendor Shares," IDC #203627, September 2006. "Business rules management systems are poised to become a common facet of application development across a wide range of industries," said Stephen D. Hendrick, group vice president for IDC's Application Development and Deployment research group. "Business rules management tools centralize the definition, discovery, storage, and submission of the vast quantity of rules used in business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets  to provide organizations with greater automation, more responsiveness to change, and less expensive distribution and maintenance of their business activities."

The latest release of Fair Isaac's Blaze Advisor, version 6.1, includes the advanced Rete III inference engine The processing program in an expert system. It derives a conclusion from the facts and rules contained in the knowledge base using various artificial intelligence techniques.

inference engine - A program that infers new facts from known facts using inference rules.
 for best-in-class performance within complex, enterprise-class deployments and powerful rules management capabilities. Blaze Advisor is used by many of the world's leading companies. It is the first rules engine to support Java, .NET and COBOL COBOL: see programming language.
COBOL
 in full Common Business-Oriented Language.

High-level computer programming language, one of the first widely used languages and for many years the most popular language in the business community.
 deployment of the same rules. The multi-platform solution supports Web Services and SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records.

(2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability.
, Java 2 Enterprise Edition (J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. ) platforms, Microsoft .NET, and COBOL for z/OS mainframes.

About Fair Isaac

Fair Isaac (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes, and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Fair Isaac also helps millions of individuals manage their credit health through the www.myfico.com website. Visit Fair Isaac online at www.fairisaac.com.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its new State Compliance Decision Manager solution and its Blaze Advisor business rules management system, and the benefits to be derived from these offerings, are forward-looking statements within the meaning of the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offerings, the risks that customers will not perceive material benefits from the offerings, failure of the products to deliver the expected results, the possibility of errors or defects in the offerings, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended September 30, 2006. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

Fair Isaac, State Compliance Decision Manager and Blaze Advisor are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 6, 2007
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