New capability enables even faster
decisioning, enhancing the existing Sapiens Decision solution by
separating data values embedded within business logic.
ROCHELLE
PARK, N.J., May 10, 2023
/PRNewswire/ -- Sapiens International
Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global
provider of software solutions for the insurance industry, today
launched its new Parameter Management (PaM) solution. Sapiens
Decision PaM extends decision automation further into the
enterprise by enabling business users outside of the IT department
to make changes in data-related business logic, avoiding a
time-consuming software development lifecycle (SDLC) to put changes
into production. Embedded data in business logic can now be updated
with PaM, making change to production in near-realtime, getting to
market potentially weeks faster than is currently possible.
PaM is integrated with Sapiens Decision's flagship product,
Decision Manager, to create a seamless user experience. PaM was
developed in consultation with our clients across industries with
the intent of enabling the broadest range of use cases where data
value changes are better managed outside of decision tables
separate from business logic. There are abundant use cases that can
benefit from PaM, typically oriented around variable data that may
change frequently and be sourced from within the organization as
well as from third parties. Examples include insurance and loan
underwriting thresholds, limits on complying loans or minimum
coverages, ratios for affordability or expenses, percentages for
commissions and triggers for disaster zoning. PaM is also the
recommended integration mechanism between machine learning (ML)
insights and the business logic that must rapidly react to changing
insights.
"We recognized the need to develop a more simplified and
flexible approach to encapsulated data in logic and consulted
closely with a large number of our clients to ensure PaM would
solve real-world use cases from day one," said Jamie Yoder, Sapiens North America President and
General Manager. "PaM extends the value of the Sapiens Decision
core product and will capture an entirely new class of business
users outside the area of IT with the added benefit of accelerating
time-to-market."
Sapiens Decision will be exhibiting at the upcoming Building
Business Capability (BBC) 2023 Conference (Booth #300) on
May 10-11, 2023, at the Caesar's
Forum in Las Vegas, and are
available to discuss PaM.
About Sapiens
Sapiens International Corporation (NASDAQ: SPNS) and (TASE:
SPNS) empowers the financial sector, with a focus on insurance, to
transform and become digital, innovative, and agile. With more than
40 years of industry expertise. With more than 40 years of industry
expertise, Sapiens' cloud-based SaaS insurance platform offers
pre-integrated, low-code capabilities across core, data
and digital domains to accelerate our customers' digital
transformation. Serving over 600 customers in 30 countries, Sapiens
offers insurers across property and casualty, workers'
compensation, and life insurance 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 https://sapiens.com or follow us
on LinkedIn.
About Sapiens Decision
Sapiens Decision, a division of Sapiens International
Corporation, transforms how businesses are approaching change, by
modernizing traditional business rules management. Sapiens Decision
is used by major corporations in Banking, Insurance, Retail and
Public Sector to implement process automation and drive digital
transformation. For more information visit
https://sapiensdecision.com.
Media and Investor's Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
yaffa.cohen-ifrah@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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SOURCE Sapiens International Corporation