SAP

SAP Insurance Financial Systems

Composite Score

7.9 /10

CX Score

8.2 /10

7 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.

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.

96 Likeliness to Recommend

100 Plan to Renew

94 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 89

Risk and Fraud Assessment

Document Management

Accounting and Financial Management

Invoice Management

Billing and Invoice Management

Performance Management

Audit Management

Compliance Management

Analytics and Reporting

Workflow Management

Cash Flow Management

Vendor Capability Ratings

Average 89

Quality of Features

Ease of Customization

Vendor Support

Ease of IT Administration

Breadth of Features

Ease of Implementation

Availability and Quality of Training

Product Strategy and Rate of Improvement

Business Value Created

Usability and Intuitiveness

Ease of Data Integration

SAP Insurance Financial Systems Reviews

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

Zack J.

Role: Consultant
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jul 2022

Indeed one of the useful applicable for business.

Likeliness to Recommend

9 /10

What differentiates SAP Insurance Financial Systems from other similar products?

Implementation is really great - quite simple and quick for my Company

What is your favorite aspect of this product?

For us the key is the level of support and economic terms. This offer great Flexible economic terms for project realisation and Good range of implementation partners

What do you dislike most about this product?

Implementation is very quick if the existing finance function is basic, otherwise it will take time

What recommendations would you give to someone considering this product?

It is very good for big size organization. If the company don't need regular reporting then it will not be cost effective option for company.

Pros

Performance Enhancing
Caring
Saves Time
Altruistic

Akin I A.

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

Validated Review

Verified Reviewer

Submitted Jun 2021

Fantastic product

Likeliness to Recommend

8 /10

What differentiates SAP Insurance Financial Systems from other similar products?

look Modern

What is your favorite aspect of this product?

easy to use

What do you dislike most about this product?

There's none at this moment

What recommendations would you give to someone considering this product?

Very easy to use

Pros

Caring
Client Friendly Policies
Includes Product Enhancements
Helps Innovate

SAP Insurance Financial Systems

What is SAP Insurance Financial Systems?

Company Details

Book a Free Demo Today!

SAP Insurance Financial Systems Ratings

96 Likeliness to Recommend

100 Plan to Renew

94 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.

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

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

SAP Insurance Financial Systems Reviews

Turi G.

SAP Insurance Financial Systems Review

Likeliness to Recommend

Pros

Zack J.

Indeed one of the useful applicable for business.

Likeliness to Recommend

Pros

Akin I A.

Fantastic product

Likeliness to Recommend

Pros

Feature Ratings

Risk and Fraud Assessment

Document Management

Accounting and Financial Management

Invoice Management

Billing and Invoice Management

Performance Management

Audit Management

Compliance Management

Analytics and Reporting

Workflow Management

Cash Flow Management

Vendor Capability Ratings

Quality of Features

Ease of Customization

Vendor Support

Ease of IT Administration

Breadth of Features

Ease of Implementation

Availability and Quality of Training

Product Strategy and Rate of Improvement

Business Value Created

Usability and Intuitiveness

Ease of Data Integration