Sapiens cited in Hype Cycle for Legal and Compliance
Technologies for Decision Management
HOLON, Israel, Jan. 21, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading
global provider of software solutions, announced today that
Sapiens has been cited as a "Sample Vendor" in the Gartner
2019 Hype Cycle for Legal and Compliance Technologies for Decision
Management.*
Sapiens Decision (formerly called Sapiens DECISION) is a
unique solution that allows the business to manage their business
decision logic. This capability effectively addresses the
pain and complexity of determining and then translating data and
business rules used to make business decisions into operational
code with speed and accuracy to manage the business.
"We are pleased to have been included in the Gartner Hype
Cycle," said Harold Westervelt,
managing director of Sapiens Decision. "We believe we are shaping
the future of decision management and this recognition validates
the depth and breadth of our innovative offering. By automating
business processes and bridging the gap between IT and the
business, Sapiens Decision continues to help streamline operations
and reduce costs across all verticals."
The Hype Cycle for Legal and Compliance Technologies covers a
wide variety of innovations, including technology applications and
platforms, concepts, methods and disciplines that will influence
the roles and priorities of legal and compliance leaders over the
next decade and beyond.
In the Hype Cycle for Legal and Compliance Technologies
published in November 2019, Gartner
noted, "Decision management improves the design and software
engineering process for systems that use prescriptive analytics by
focusing attention on the business goals, requirements, decisions
and sub decisions before jumping into detailed analytics and rules.
Early use of decision management was concentrated in insurance and
loan underwriting, mortgage approval, resource allocation,
logistics, and public-sector applications, such as approving
permits and determining welfare and taxes. More recently, it spread
into other data- and logic-intensive applications, particularly
customer experience management, compliance, fraud detection and
risk management."
Sapiens Decision, used by top-tier financial institutions and
insurers, enables businesses to model, test and verify their
business logic, independent of implementation technology. Many of
the world's leading organizations are using Sapiens Decision to
author, manage and automate the operational, policy and regulatory
decisions made on a regular basis.
*Source: Gartner, Hype Cycle for Legal and Compliance
Technologies, 2019, Jim Murphy,
11 November 2019. The company is
cited as "Sapiens International" in the report.
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property and casualty,
life, pension and annuity, reinsurance, financial and
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
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Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com