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In Partnership With SelectHub
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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In Partnership With SelectHub
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
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?
Pros
- Helps Innovate
- Continually Improving Product
- Reliable
- Performance Enhancing
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Document Management
Compliance Management
Risk and Fraud Assessment
Accounting and Financial Management
Analytics and Reporting
Workflow Management
Invoice Management
Cash Flow Management
Billing and Invoice Management
Performance Management
Audit Management
Vendor Capability Ratings
Ease of Customization
Vendor Support
Ease of Implementation
Availability and Quality of Training
Product Strategy and Rate of Improvement
Quality of Features
Business Value Created
Ease of IT Administration
Usability and Intuitiveness
Ease of Data Integration
Breadth of Features
SAP Insurance Financial Systems Reviews
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Reed C.
- Role: Operations
- Industry: Other
- Involvement: End User of Application
Submitted Jan 2025
Comprehensive Insurance Management Suite.
Likeliness to Recommend
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
Please tell us why you think this review should be flagged.
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Himanshi C.
- Role: Finance
- Industry: Finance
- Involvement: Vendor Selection and Purchasing
Submitted Apr 2024
It's helps to simply the work
Likeliness to Recommend
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
Please tell us why you think this review should be flagged.
Turi G.
- Role: Operations
- Industry: Other
- Involvement: End User of Application
Submitted Feb 2023
SAP Insurance Financial Systems Review
Likeliness to Recommend
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
Please tell us why you think this review should be flagged.
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