Sapiens CoreSuite for Workers Compensation
will allow the insurer to use the latest technology advancements
and industry standards while keeping the platform up to
date.
RALEIGH, N.C., May 24, 2022 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today that Wyoming Department of Workforce
Services (DWS), has modernized its Sapiens CoreSuite for Workers'
Compensation platform, to take advantage of new capabilities for
more rapid and efficient upgrades.
DWS provides Workers' Compensation coverage for a workforce of
200,000 in the state of Wyoming.
The upgrade protects DWS' longtime investment in CoreSuite by
making future updates faster and easier, while ensuring its
CoreSuite platform is kept up to date.
DWS's move to the latest version of CoreSuite for Workers'
Compensation includes a substantial technology platform refresh, as
well as a new user interface. The upgrade also brings the advantage
of externalized configuration management. This innovative
capability enables client-specific configurations to be
externalized, making CoreSuite upgrades faster and more efficient.
DWS can now more fully leverage CoreSuite technology and accelerate
deployment of functionality upgrades as they become available.
A Sapiens' client since 2008, DWS sought to accelerate its focus
on client services and be more responsive to claimants and
policy-holders. "Sapiens' solution provides us with multiple
benefits from a number of functional enhancements. More
importantly, Sapiens enables us to keep our processes up-to-date
with industry standard system platforms," said Kelly Smith, Deputy Administrator, Business
Intelligence Unit. "Upgrades can now be handled with the aid of
externalized code that will enable us to deploy more frequent
upgrades to functionality and the technology stack using our
current resources."
"The success of this upgrade demonstrates how our combined team
from DWS and Sapiens worked together toward a common goal of
delivering an industry-leading service to Wyoming's employers and injured workers," said
Jamie Yoder, Sapiens North America
President and General Manager. "The upgrade is designed to optimize
operational efficiencies, increase customer satisfaction, and boost
profitability for workers' compensation providers, administrators
and state funds."
Sapiens CoreSuite for Workers' Compensation enables carriers to
improve operational performance by reducing claim inventories and
supporting medical costs using advanced outcome-based case
management. Its real-time payment processing allows automatic and
split payments, offsets and deductions, refunds, transfers and 1099
processing for financial efficiency. The platform's rules-driven
auto-adjudication and decision support, enables proactive case
management that reduce claims settle resolution time and claims
closure.
About Wyoming Department of Workforce
Services (DWS)
Wyoming Department of Workforce Services operates 55 state
and federal programs administered in 23 field offices. DWS'
Workforce Standards Division is responsible for the Workers
Compensation Program as well as regulatory and
compliance/enforcement. This includes Workers' Compensation Claims
and Employer Services, Workers' Compensation Safety and Risk (WCSR)
and Wyoming Occupation Safety and Health Administration (OSHA),
Labor Standards, and Employment Tax. For more information, please
visit http://wyomingworkforce.org/about/
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS)
empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. Backed by 40
years of industry expertise, Sapiens offers a complete insurance
platform, with pre-integrated, low-code solutions and a cloud-first
approach that accelerates customers' digital transformation.
Serving over 600 customers in 30 countries, Sapiens offers insurers
across property and casualty, workers' compensation and life
markets the most comprehensive set of solutions, from core to
complementary, including Reinsurance, Financial & Compliance,
Data & Analytics, Digital, and Decision Management. For
more information visit www.sapiens.com or follow us
on LinkedIn.
Media
Contact
Shay Assaraf
Chief of Marketing,
Sapiens
Shay.assaraf@sapiens.com
|
Investors
Contact
Kimberly Rogers
Managing Director, Hayden IR kim@HaydenIR.com
+1
541-904-5075
|
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