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Sapiens Introduces Billing and Workflow Management With new Version of RapidSure
Enhancements also include functionality, integration of new tools, and technology upgrades
ORLANDO, Florida, May 15, 2012/PRNewswire-FirstCall/ --
At the ACORD LOMA Insurance Systems Forum, Sapiens International Corporation
[http://www.sapiens.com ], (NASDAQ and TASE: SPNS), a global provider of innovative
insurance software solutions, today announced the introduction of the latest version of
RapidSure Policy Administration System. Components of RapidSure 8.0 have already been
pre-released to existing clients.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
This release of RapidSure introduces a fully integrated and comprehensive billing
component along with advanced Business Process Management (BPM) capability. This is part
of the Sapiens roadmap commitment to deliver a full suite to the North American P&C
market.
RapidSure client and an early user of Version 8.0, Alfred Goxhaj, CIO with
Philadelphia Insurance, said, "The utilization of a standard open source workflow engine
and toolset allows Sapiens' RapidSure to deliver the robustness and flexibility insurance
companies require to automate their work processes across their organization."
Enhancements and new capabilities offered with RapidSure Version 8.0 include:
- Fully integrated Billing module;
- Business Process Management workflow tools and process monitors;
- Improved automated underwriting tools;
- Greater configuration capabilities, offering carriers more control of
automated rules, workflow and business process management, and the ability to quickly
adapt to changing market, regulatory and business requirements;
- Enhanced on-line document production capabilities;
- Premium audit transactions for all lines of business;
- Subscription (co-insurance) policy tracking;
- Risk accumulation and aggregation mapping tools; and
- Upgraded user interface tools and technology.
Commenting on the new RapidSure release, Dan Sobotincic, President, Sapiens North
America P&C division, said, "Our continued investment in RapidSure has enabled us to offer
the new capabilities with 8.0 and provide even greater RapidSure value to our clients. We
are especially excited to offer the new Billing and BPM capabilities, which positions
RapidSure as one of the most advanced solution."
Mr. Roni Al-Dor, President & CEO of Sapiens stated: "We continue to invest in
RapidSure to deliver to the P&C market the most advanced software solutions. We work
closely with our customers and with the industry analysts to further develop our roadmap
and deliver leading edge solutions of this market."
RapidSure is a component-based insurance software solution, designed specifically to
meet the business requirements of Property and Casualty insurance providers in North
America. The system is architected to be "future-proof" through a technology design which
enables easy upgrades and integration of new technologies as they become available. The
system provides a highly personalized user experience through the use of portal technology
and dynamic user interface components, and is able to support all distribution channels
(i.e. direct to consumer, broker, agent, MGA, etc.)
About Sapiens International
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the insurance industry. We offer end-to-end solutions
for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 75
insurance customers, backed by a team of over 700 insurance experts, operating through
fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
For more information, please visit http://www.sapiens.com.
Except for historical information contained herein, the matters set forth in this
release are forward-looking statements that are dependent on certain risks and
uncertainties, including such factors, among others, as market acceptance, market demand,
pricing, changing regulatory environment, changing economic conditions, risks in new
product and service development, the effect of the Company's accounting policies, specific
system configurations and software needs of individual customers and other risk factors
detailed in the Company's SEC filings.
Media Contact:
Osnat Segev-Harel, CMO
Sapiens International
Tel: +1-877-554-2425
E-mail: osnat.se@sapiens.com
Photo:
http://photos.prnewswire.com/prnh/20120508/531104
Source: Sapiens International Corporation N.V.
Sapiens Introduces Billing and Workflow Management With new Version of RapidSure
Enhancements also include functionality, integration of new tools, and technology upgrades
ORLANDO, Florida, May 15, 2012/PRNewswire-FirstCall/ --
At the ACORD LOMA Insurance Systems Forum, Sapiens International Corporation
[http://www.sapiens.com ], (NASDAQ and TASE: SPNS), a global provider of innovative
insurance software solutions, today announced the introduction of the latest version of
RapidSure Policy Administration System. Components of RapidSure 8.0 have already been
pre-released to existing clients.
(Logo:
http://photos.prnewswire.com/prnh/20120508/531104 )
This release of RapidSure introduces a fully integrated and comprehensive billing
component along with advanced Business Process Management (BPM) capability. This is part
of the Sapiens roadmap commitment to deliver a full suite to the North American P&C
market.
RapidSure client and an early user of Version 8.0, Alfred Goxhaj, CIO with
Philadelphia Insurance, said, "The utilization of a standard open source workflow engine
and toolset allows Sapiens' RapidSure to deliver the robustness and flexibility insurance
companies require to automate their work processes across their organization."
Enhancements and new capabilities offered with RapidSure Version 8.0 include:
- Fully integrated Billing module;
- Business Process Management workflow tools and process monitors;
- Improved automated underwriting tools;
- Greater configuration capabilities, offering carriers more control of
automated rules, workflow and business process management, and the ability to quickly
adapt to changing market, regulatory and business requirements;
- Enhanced on-line document production capabilities;
- Premium audit transactions for all lines of business;
- Subscription (co-insurance) policy tracking;
- Risk accumulation and aggregation mapping tools; and
- Upgraded user interface tools and technology.
Commenting on the new RapidSure release, Dan Sobotincic, President, Sapiens North
America P&C division, said, "Our continued investment in RapidSure has enabled us to offer
the new capabilities with 8.0 and provide even greater RapidSure value to our clients. We
are especially excited to offer the new Billing and BPM capabilities, which positions
RapidSure as one of the most advanced solution."
Mr. Roni Al-Dor, President & CEO of Sapiens stated: "We continue to invest in
RapidSure to deliver to the P&C market the most advanced software solutions. We work
closely with our customers and with the industry analysts to further develop our roadmap
and deliver leading edge solutions of this market."
RapidSure is a component-based insurance software solution, designed specifically to
meet the business requirements of Property and Casualty insurance providers in North
America. The system is architected to be "future-proof" through a technology design which
enables easy upgrades and integration of new technologies as they become available. The
system provides a highly personalized user experience through the use of portal technology
and dynamic user interface components, and is able to support all distribution channels
(i.e. direct to consumer, broker, agent, MGA, etc.)
About Sapiens International
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the insurance industry. We offer end-to-end solutions
for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 75
insurance customers, backed by a team of over 700 insurance experts, operating through
fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.
For more information, please visit http://www.sapiens.com.
Except for historical information contained herein, the matters set forth in this
release are forward-looking statements that are dependent on certain risks and
uncertainties, including such factors, among others, as market acceptance, market demand,
pricing, changing regulatory environment, changing economic conditions, risks in new
product and service development, the effect of the Company's accounting policies, specific
system configurations and software needs of individual customers and other risk factors
detailed in the Company's SEC filings.
Media Contact:
Osnat Segev-Harel, CMO
Sapiens International
Tel: +1-877-554-2425
E-mail: osnat.se@sapiens.com
Photo:
http://photos.prnewswire.com/prnh/20120508/531104
Source: Sapiens International Corporation N.V.