HOLON, Israel, Dec. 9, 2020 /PRNewswire/ -- Sapiens
Americas, a wholly owned subsidiary of Sapiens International
Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry, has
announced the release of an enhanced feature for Sapiens
StatementPro platform, which enables all components of Notes to
Financial Statements reporting to be completed inside the software,
eliminating the need for time-consuming data entry in a separate
document.
All customers will receive the enhanced solution, which provides
superior flexibility and processing efficiency for more robust
annual and quarterly financial notes reporting for property &
casualty; life, accident & health/fraternal; health and title
companies. The enhancement provides the framework within the
software to encapsulate the narrative and data captured elements,
bringing StatementPro's statement accumulation capabilities to a
whole new level of sophistication.
"Some of our clients have told us that the notes section takes
as long to complete as the rest of the Annual Statement," said
Julie Kramer, Vice President of
Sapiens Financial and Compliance division. "This new enhancement
will drastically reduce the time it takes to complete the notes
freeform document while also offering additional benefits.
Statutory accountants will greatly appreciate how the new feature
makes their notes reporting a much more streamlined and effective
process."
The enhanced solution also includes a hierarchical view of notes
and sub-notes. The data entry for the traditionally data
captured notes remains the same. Not only can users now
navigate through the notes easier, more than one user can work on
the notes components simultaneously.
Users will be able to mark notes as 'not applicable' or enter
their own 'not applicable' phrase or text for notes and
sub-notes. In addition, they will be able to group notes
together to consolidate 'not applicable' notes. Notes can be
tracked for completion and assigned to
individuals/groups. Users are now able to incorporate tables
or other source materials directly into the narrative notes or
sub-notes.
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 & casualty,
life, pension & annuity, reinsurance, financial &
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.
Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972-546-724-910
alex.zukerman@sapiens.com
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SOURCE Sapiens International Corporation