HOLON, Israel, July 14, 2021 / PRNewswire / – Sapiens International Company (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the release of a new version of Sapiens Decision, designed to establish a new reference for decision management platforms. Decision empowers business users to manage business decisions across enterprise systems – holistically, easily, and accurately – driving their digital transformation to the next level of operational efficiency, responsiveness and employee engagement. clients. . .
Sapiens Decision’s cloud-based codeless solution enables business users to efficiently manage decision logic, with a redesigned user experience. It provides a robust response to industry-wide digital transformation and process automation initiatives to address the need for more efficient decision management logic through business rules.
“Providing the brain that powers the product is the core value proposition of Sapiens. Our new upgraded version of Decision has been tested with Sapiens’ customer base and validated by multiple use cases. Our clients are empowered by the ability to manage a technology independent decision logic. and accelerate trade policy changes without relying on IT, ”said Harold Westervelt, Managing Director, Sapiens Decision.
Sapiens Decision is based on the TDM standard which ensures that all decisions have rock-solid integrity, without conflicts or loopholes. Organizations can be confident that processes can be automated with end-to-end visibility into decision logic. Sapiens Decision is transforming the way companies approach change by modernizing traditional business rule management. Sapiens Decision is used by leading companies in the banking, insurance, retail and public sectors to implement process automation and drive digital transformation.
“Sapiens Decision takes decision management to a new level of innovation. It is accelerating the emerging trend to shift decision making to the edges of the business, with the right guardrails, for speed and efficiency. Sapiens leverages our proven domain expertise, including a solid set of use cases from our work with clients in the insurance, capital markets, public sector and retail industries. globally, ”said Westervelt.
The latest version offers:
- Faster deployment – This cloud-based version can be deployed quickly to deliver a rapid time to value, typically within months. Customers also benefit from the cost savings, flexibility and security offered by cloud deployment.
- Better user experience – An easy to learn and use code-free platform enables business analysts to design and test near real-time decision logic with 100% error-free decision logic that is automatically converted into executable code, without the need for computing.
- Increase in productivity and performance – This release allows business analysts to develop and analyze a virtually unlimited set of test cases for the most robust approach unmatched by competitors. The Sapiens platform breaks down the development cycle and reinforces a “shift left” approach associated with agile development methods.
- Faster decision time – The holistic solution enables organizations to manage complex business rules by extracting decision logic from aging legacy applications and outdated rule engines that abound in large enterprises. Managing decision logic externally speeds up policy updates and improves quality. The latest version also includes tools to automatically extract decision logic built into legacy COBOL and Java applications, saving months of conversion time.
Sapiens International Corporation enables insurers to succeed in a changing industry. Sapiens offers digital software platforms, solutions and services for property and casualty insurance, life insurance, retirement and annuities, reinsurance, finance and compliance, workers’ compensation and financial markets . With over 35 years of experience providing services to more than 600 organizations worldwide, Sapiens has a proven ability to meet key customer systems, data and digital requirements. For more information: www.sapiens.com
Head of Marketing, Sapiens
Vice-President, Head of Investor Relations, Sapiens
Certain matters addressed in this press release which are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Safe Harbor provisions of the US Private Securities. Litigation Reform Act of 1995, which are based on our beliefs, assumptions and expectations, as well as the information currently available to us. Such forward-looking statements can be identified by the use of the words “anticipate”, “believe”, “estimate”, “” ” ” ” expect ‘,’ ”. Such statements reflect our current views regarding future events and are subject to pandemic risks and uncertainties. There are significant factors that could cause our actual results, activity levels, performance or achievements to differ materially from the results, activity levels, performance or achievements expressed or implied by forward-looking statements, including, but not limited to not limited to: degree of success in our plans to leverage our global footprint to grow our sales; degree of success in integrating the companies we have acquired through the implementation of our M&A growth strategy; the long development cycles of our solutions, which may frustrate our ability to generate revenue and / or profit from our potential new solutions; our long and complex sales cycles, which do not always result in revenue generation; the degree of our success in retaining existing customers or effectively competing for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the complex projects we carry out that involve complex estimates of project costs and profit margins, which sometimes change along the way; the challenges and potential liability that increased privacy laws and regulations pose to our business; occasional disputes with clients, which may negatively impact our results of operations and our reputation; various intellectual property issues relating to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our systems or those of our customers; risks associated with the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, viruses and large-scale epidemics such as the recent novel coronavirus pandemic, which adversely affected our operating results, or fluctuations in the rates of change; and the risks associated with our primary location in Israel and our status as Cayman Islands business.
Although we believe that these forward-looking statements are based on reasonable assumptions, if one or more of the underlying assumptions prove to be incorrect, or if such risks or uncertainties materialize, our actual results may differ materially from those expressed or under- understood by forward-looking statements. Please read the risks discussed under “Risk Factors” in our most recent Annual Report on Form 20-F, in order to review the conditions which we believe could cause actual results to differ materially from those anticipated in forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and the events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we assume no obligation to publicly update forward-looking statements for any reason, to conform such statements to actual results or to changes in our expectations. . .
SOURCE Sapiens International Corporation