Making it easier to manage interest rate changes

When building our product configuration engine, an important deliverable was ease of changes such as interest rates.

The ease (or not) of making interest rates changes became incredibly important when interest rates started to change for the first time in many years. Indeed there were even circumstances where the process of changing interest rates were no longer familiar to the teams responsible as staff had moved on and systems had been updated since the last change took place. At SaaScada we’ve removed the concept of interest rates from products themselves. Instead we’ve created a rate source for interest rates that can be manually updated or linked to the base rate for the Bank of England for the purposes of automated rate changes.  This can allow one change to be reflected across multiple products with minimal touchpoints.  Paul explains in this video.