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SAP Insurance Financial Systems Logo
SAP

SAP Insurance Financial Systems

Composite Score
8.0 /10
CX Score
8.2 /10
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Category
SAP Insurance Financial Systems
8.0 /10

What is SAP Insurance Financial Systems?

Satisfy today’s hyper-connected customers across all channels, including mobile – with SAP software for the insurance industry. Our solutions use the latest technology to help you streamline claims management, simplify policy administration, and proactively manage risk and compliance.

Company Details

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SAP Insurance Financial Systems Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

94 Likeliness to Recommend

100 Plan to Renew

97 Satisfaction of Cost Relative to Value


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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+99 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love SAP Insurance Financial Systems?

0% Negative
0% Neutral
100% Positive

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Feature Ratings

Average 92

Document Management

97

Compliance Management

97

Risk and Fraud Assessment

97

Accounting and Financial Management

93

Analytics and Reporting

92

Workflow Management

91

Invoice Management

91

Cash Flow Management

89

Billing and Invoice Management

89

Performance Management

89

Audit Management

89

Vendor Capability Ratings

Average 92

Ease of Customization

97

Vendor Support

97

Ease of Implementation

92

Availability and Quality of Training

92

Product Strategy and Rate of Improvement

92

Quality of Features

92

Business Value Created

92

Ease of IT Administration

91

Usability and Intuitiveness

91

Ease of Data Integration

89

Breadth of Features

89

SAP Insurance Financial Systems Reviews

Reed C.

  • Role: Operations
  • Industry: Other
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Jan 2025

Comprehensive Insurance Management Suite.

Likeliness to Recommend

10 /10

What differentiates SAP Insurance Financial Systems from other similar products?

The SAP Insurance financial systems are unique in that they are fully integrated. The platform integrates with multiple SAP and non-SAP systems, such as policy administration, claims management, and financial accounting, to provide a holistic view of insurance operations.

What is your favorite aspect of this product?

One feature that really impressed me is artificial intelligence automation. SAP insurance products use AI in various areas, ranging from underwriting to claims. This entails functions such as automated risk analysis and fraud detection, thereby enhancing the operational efficiency and accuracy of decisions.

What do you dislike most about this product?

One of the most challenging features of SAP Insurance finance solutions is that it is extremely hard to implement and customize. Its broad functionality is enticing, but the learning curve and sometimes implementation times can be quite time-consuming, particularly for businesses migrating from a more straightforward system.

What recommendations would you give to someone considering this product?

Companies considering SAP Insurance Financial Systems will want to check the compatibility of the platform with your existing infrastructure. SAP is particularly good at linking insurance operations to different departments, and therefore, it is ideal for organizations looking for an integrated financial and operational system.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Himanshi C.

  • Role: Finance
  • Industry: Finance
  • Involvement: Vendor Selection and Purchasing
Validated Review
Verified Reviewer

Submitted Apr 2024

It's helps to simply the work

Likeliness to Recommend

10 /10

What differentiates SAP Insurance Financial Systems from other similar products?

It's ability to make complicate work simple

What is your favorite aspect of this product?

It's Quality and smooth mechanism

What do you dislike most about this product?

I do not dislike anything in this product

What recommendations would you give to someone considering this product?

Highly recommend the product

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Turi G.

  • Role: Operations
  • Industry: Other
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Feb 2023

SAP Insurance Financial Systems Review

Likeliness to Recommend

9 /10

What differentiates SAP Insurance Financial Systems from other similar products?

I think what makes SAP Insurance Financial Systems really special are the many features and the fact that it comes at a bargain.

What is your favorite aspect of this product?

Using and deploying SAP Insurance Financial Systems is straightforward The software comes with amazing insurance financial management features It's effective and seamless to integrate

What do you dislike most about this product?

SAP Insurance Financial Systems has been resourceful and no issues

What recommendations would you give to someone considering this product?

I recommend SAP Insurance Financial Systems because it has been very capable in managing insurance financials

Pros

  • Helps Innovate
  • Continually Improving Product
  • Performance Enhancing
  • Enables Productivity