The intuitive, cloud-based, "no code" solution features a
reimagined user experience, rapid deployment and enhanced design,
enabling acceleration of digital transformation and process
automation
HOLON, Israel, July 14, 2021 /PRNewswire/ -- Sapiens
International Corporation (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, today announced a new release of Sapiens Decision, which
is designed to set a new benchmark for decision management
platforms. Decision enables business users to manage business
decisions across enterprise systems – holistically, easily and
accurately – boosting their digital transformation to the next
level of operational efficiency, responsiveness and customer
engagement.
Sapiens Decision's cloud based, no code solution allows business
users to manage decision logic effectively, with a reimagined user
experience. It provides a robust response to industry-wide digital
transformation and process automation initiatives to answer a need
for more effective decision management logic through business
rules.
"Providing the brain that powers the product is Sapiens' core
value proposition. Our newly upgraded version of Decision has been
piloted across Sapiens' customer base and validated through
multiple use cases. Our customers are empowered by the ability to
manage technology-agnostic decision logic and to increase the speed
of business policy changes without relying on IT," said
Harold Westervelt, General Manager,
Sapiens Decision.
Sapiens Decision is based on the TDM standard that ensures all
decisions have bullet proof integrity with no conflicts or gaps.
Organizations gain the assurance that processes can be automated
with end-to-end visibility of decision logic. Sapiens Decision
transforms how businesses are approaching change, by modernizing
traditional business rules management. Sapiens Decision is used by
major corporations in the Banking, Insurance, Retail and Public
sectors to implement process automation and drive digital
transformation.
"Sapiens Decision is driving decision management to a new
level of innovation. It accelerates the emerging trend to shift
decision making to the edges of the company, with the appropriate
guardrails, for greater speed and efficiency. Sapiens is leveraging
our proven expertise in the field, including a robust set of use
cases from our work with clients in insurance, capital markets,
public sector and retail globally", said Westervelt.
The latest version boasts:
- Faster deployment – This cloud-based version can be
deployed quickly to deliver rapid time to value, typically within
several months. Customers also enjoy the cost savings, flexibility
and security provided with cloud deployment.
- Better user experience – An easy-to-learn and use no
code platform enables business analysts to design and test decision
logic in near real time with 100% error free decision logic that is
automatically converted to executable code, without reliance on
IT.
- Increased productivity and performance – This version
enables business analysts to develop and analyze a virtually
unlimited set of test cases for the most robust approach that is
unmatched by competitors. Sapiens platform collapses the
development cycle and reinforces a "shift left" approach associated
with agile development methods.
- Faster time to decision - The holistic solution enables
organizations to manage complex business rules by extracting
decision logic from aging legacy applications and outmoded rules
engines that abound in large companies. Managing decision logic
externally speeds policy updates and improves quality. The latest
version also includes tools to automatically extract decision logic
embedded in legacy COBOL and Java applications that saves months in
conversion time.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. Sapiens 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 more than 600 organizations globally,
Sapiens has a proven ability to satisfy customers' core systems,
data and digital requirements. For more information:
www.sapiens.com
Media Contact:
Shay Assaraf
Chief of Marketing, Sapiens
+44-7548-369-920
Shay.assaraf@sapiens.com
Investors Contact
Daphna Golden
Vice President, Head of Investor Relations, Sapiens
ir@sapiens.com
Forward Looking Statements
Certain matters discussed in this press release that 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 U.S.
Private Securities Litigation Reform Act of 1995, that are based on
our beliefs, assumptions and expectations, as well as information
currently available to us. Such forward-looking statements may be
identified by the use of the words "anticipate," "believe,"
"estimate," "expect," "may," "will," "plan" and similar
expressions. Such statements reflect our current views with respect
to future events and are subject to pandemic risks and
uncertainties. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements, including, but not limited to: the degree of our
success in our plans to leverage our global footprint to grow our
sales; the degree of our success in integrating the companies that
we have acquired through the implementation of our M&A growth
strategy; the lengthy development cycles for our solutions, which
may frustrate our ability to realize revenues and/or profits from
our potential new solutions; our lengthy and complex sales cycles,
which do not always result in the realization of revenues; the
degree of our success in retaining our existing customers or
competing effectively for greater market share; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the recent novel coronavirus pandemic, which
adversely affected our results of operations, or fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our most
recent Annual Report on Form 20-F, in order to review conditions
that we believe could cause actual results to differ materially
from those contemplated by the forward-looking statements. You
should not rely upon 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
events and circumstances reflected in the forward-looking
statements will be achieved or will occur. Except as required by
law, we undertake no obligation to update publicly any
forward-looking statements for any reason, to conform these
statements to actual results or to changes in our expectations.
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