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SAP

SAP Insurance Financial Systems

Composite Score

7.6 /10

CX Score

7.7 /10

10 Reviews Write a Review

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

90 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.

+85 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

13% Neutral

87% Positive

Pros

Reliable
Enables Productivity
Security Protects
Helps Innovate

Feature Ratings

Average 85

Billing and Invoice Management

Compliance Management

Accounting and Financial Management

Performance Management

Audit Management

Analytics and Reporting

Invoice Management

Risk and Fraud Assessment

Workflow Management

Cash Flow Management

Document Management

Vendor Capability Ratings

Average 83

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

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

Latest Research

SAP Insurance Financial Systems

What is SAP Insurance Financial Systems?

Company Details

Need Assistance?

SAP Insurance Financial Systems Ratings

94 Likeliness to Recommend

100 Plan to Renew

90 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+85 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.

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.

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

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.

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

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

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

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Feature Ratings

Billing and Invoice Management

Compliance Management

Accounting and Financial Management

Performance Management

Audit Management

Analytics and Reporting

Invoice Management

Risk and Fraud Assessment

Workflow Management

Cash Flow Management

Document 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