Business formulas help you process different inputs from your digital journeys (such as income, age, assets, risk class, etc.) in order to generate desired outputs (such as credit scores, insurance premiums, interests, etc). They are mainly used to define mathematical and logical calculations that support various business needs.
Formulas use a simple syntax and can incorporate several steps where the result of a step is used in subsequent steps. They can take into account data sets imported in Excel format from third-party systems.