SAP

SAP Insurance Financial Systems

Composite Score

8.0 /10

CX Score

8.2 /10

6 Reviews Write a Review

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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.

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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.

95 Likeliness to Recommend

100 Plan to Renew

92 Satisfaction of Cost Relative to Value

100

Product Experience

100

Negotiation and Contract

100

Conflict Resolution

100

Strategy & Innovation

Service Experience

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Emotional Footprint Overview

Product Experience:: 100%
Negotiation and Contract:: 100%
Conflict Resolution:: 100%
Strategy & Innovation:: 100%
Service Experience:: 98%

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.

+100 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 90

Risk and Fraud Assessment

Accounting and Financial Management

Document Management

Compliance Management

Billing and Invoice Management

Performance Management

Analytics and Reporting

Workflow Management

Invoice Management

Cash Flow Management

Audit Management

Vendor Capability Ratings

Average 90

Ease of Customization

Quality of Features

Ease of IT Administration

Vendor Support

Ease of Implementation

Product Strategy and Rate of Improvement

Business Value Created

Usability and Intuitiveness

Ease of Data Integration

Breadth of Features

Availability and Quality of Training

SAP Insurance Financial Systems Reviews

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

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

SAP Insurance Financial Systems

What is SAP Insurance Financial Systems?

Company Details

Book a Free Demo Today!

SAP Insurance Financial Systems Ratings

95 Likeliness to Recommend

100 Plan to Renew

92 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

Emotional Footprint Overview

+100 Net Emotional Footprint

How much do users love SAP Insurance Financial Systems?

Chart

Pros

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

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.

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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

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 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.

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.

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.

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

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.

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.

SAP Insurance Financial Systems Reviews

Loveth N.

Perfect tool for finance

Likeliness to Recommend

Pros

Reed C.

Comprehensive Insurance Management Suite.

Likeliness to Recommend

Pros

Himanshi C.

It's helps to simply the work

Likeliness to Recommend

Pros

Feature Ratings

Risk and Fraud Assessment

Accounting and Financial Management

Document Management

Compliance Management

Billing and Invoice Management

Performance Management

Analytics and Reporting

Workflow Management

Invoice Management

Cash Flow Management

Audit Management

Vendor Capability Ratings

Ease of Customization

Quality of Features

Ease of IT Administration

Vendor Support

Ease of Implementation

Product Strategy and Rate of Improvement

Business Value Created

Usability and Intuitiveness

Ease of Data Integration

Breadth of Features

Availability and Quality of Training