SAP

SAP Insurance Financial Systems

Composite Score

7.5 /10

CX Score

7.6 /10

9 Reviews Write a Review

Get Demo

In Partnership With SelectHub

Claim Software

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

Book a Free Demo Today!

See it in action with a free demo.

Click below to sign up on our partner's website.

Get Demo

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

88 Satisfaction of Cost Relative to Value

{y}

{name}

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.

+83 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

14% Neutral

86% Positive

Pros

Reliable
Enables Productivity
Security Protects
Performance Enhancing

Feature Ratings

Average 84

Billing and Invoice Management

Compliance Management

Accounting and Financial Management

Invoice Management

Performance Management

Audit Management

Analytics and Reporting

Document Management

Risk and Fraud Assessment

Workflow Management

Cash Flow Management

Vendor Capability Ratings

Average 81

Quality of Features

Breadth of Features

Vendor Support

Ease of IT Administration

Ease of Data Integration

Availability and Quality of Training

Business Value Created

Ease of Customization

Ease of Implementation

Product Strategy and Rate of Improvement

Usability and Intuitiveness

SAP Insurance Financial Systems Reviews

Sourav K.

Role: Information Technology
Industry: Engineering
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Nov 2025

Solid but Slow,Good, Not Great,Reliable Core,Needs

Likeliness to Recommend

9 /10

What differentiates SAP Insurance Financial Systems from other similar products?

Deep Integration Robust Suite Enterprise-Grade Strong Controls Unified Finance

What is your favorite aspect of this product?

My favorites aspect of SAP Insurance Financial Systems is its strong integration across finance, billing, and compliance, the ensures consistentncy of data, reduces reconciliation workflow, and provides a reliable foundation for complex insurance financial operations.

What do you dislike most about this product?

The biggest drawback of SAP HANA Insuranc Financial System is its complexity and steep learning curve. Navigation can feel cumbersome, customization often require specialized skillsset, and some proces are overly bureaucratic, which can slow down routine operations.

What recommendations would you give to someone considering this product?

Evaluate your organization readiness for complexity and changes management before implementation. Investing in strong project governance, skill SAP HANA consultants, and comprehensive training. Ensure clear ownership in IT and business, and plan for ongoing support and upgrad to fully leverage SAP HANA Insurance Financial Systems’ capabilities.

Pros

Reliable
Enables Productivity
Security Protects
Helps Innovate

Cons

Vendor's Interest First
Less Generous
Charges for Enhancements

Mary O.

Role: Student Academic
Industry: Food and Beverage
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Sep 2025

Powerful for Compliance and Finance.

Likeliness to Recommend

9 /10

What differentiates SAP Insurance Financial Systems from other similar products?

Purpose-built for complex regulatory requirements

What is your favorite aspect of this product?

The whole system stand out because it bridges the classic gap between actuarial, finance, and regulatory reporting — something other insurance solutions often need extra tools or workarounds for.

What do you dislike most about this product?

What I would like SAP Insurance Financial Systems to improve on would be the complexity of implementation and customization. Here is why SAP Insurance modules (like FS-CD, FS-RI, FPSL) are highly specialized, and they require consultants who know both insurance processes and SAP’s financial structures. That makes onboarding harder compared to more “plug-and-play” competitors.

What recommendations would you give to someone considering this product?

If someone is considering SAP Insurance Financial Systems, here are my recommendation. Be Clear on Your Priorities; This product shines if your top priorities are regulatory compliance, integration with finance, and scalability. If your needs are lighter or more front-office focused (policy/claims user experience), there may be simpler options. Invest in the Right Expertise Early; Bring in consultants or internal staff who understand both insurance operations and SAP financials. The learning curve is steep, but the right team makes all the difference.

Pros

Helps Innovate
Continually Improving Product
Performance Enhancing
Trustworthy

Loveth N.

Role: Finance
Industry: Banking
Involvement: Vendor Management and Renewal

Validated Review

Verified Reviewer

Submitted Mar 2025

Perfect tool for finance

Likeliness to Recommend

10 /10

What differentiates SAP Insurance Financial Systems from other similar products?

Unique features and user friendly

What is your favorite aspect of this product?

Customer support

What do you dislike most about this product?

Billing and exchange

What recommendations would you give to someone considering this product?

Highly recommend

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

SAP Insurance Financial Systems

What is SAP Insurance Financial Systems?

Company Details

Book a Free Demo Today!

SAP Insurance Financial Systems Ratings

94 Likeliness to Recommend

100 Plan to Renew

88 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+83 Net Emotional Footprint

How much do users love SAP Insurance Financial Systems?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Billing and Invoice Management Includes automated time capture, online bill submission, invoicing, and e-billing.

Compliance Management Includes compliance controls, compliance rules engine, and compliance monitoring.

Accounting and Financial Management Includes accounting and finance functions such as general ledger, accounts payable, and accounts receivable.

Invoice Management Includes invoice creation, invoice capturing, invoice approval, and invoice payments.

Performance Management Includes all aspects of performance appraisals and review design: rollout, conducting, tracking, measurement, and goal attainment.

Audit Management Includes data security, audit reports, and revision control.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Document Management Includes features such as check-in/check-out and versioning controls on documents and artifacts.

Risk and Fraud Assessment Includes the ability to document, mitigate, and respond to project risk conditions across the portfolio and detect instances of potential fraudulent claims.

Workflow Management Includes ability to support flexible and comprehensive workflow-based capabilities.

Cash Flow Management Includes income and expense tracking, as well as cash flow monitoring.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

SAP Insurance Financial Systems Reviews

Sourav K.

Solid but Slow,Good, Not Great,Reliable Core,Needs

Likeliness to Recommend

Pros

Cons

Mary O.

Powerful for Compliance and Finance.

Likeliness to Recommend

Pros

Loveth N.

Perfect tool for finance

Likeliness to Recommend

Pros

Feature Ratings

Billing and Invoice Management

Compliance Management

Accounting and Financial Management

Invoice Management

Performance Management

Audit Management

Analytics and Reporting

Document Management

Risk and Fraud Assessment

Workflow Management

Cash Flow Management

Vendor Capability Ratings

Quality of Features

Breadth of Features

Vendor Support

Ease of IT Administration

Ease of Data Integration

Availability and Quality of Training

Business Value Created

Ease of Customization

Ease of Implementation

Product Strategy and Rate of Improvement

Usability and Intuitiveness