New Sapiens Release Adds Billing, Workflow Management to the Solution

Sapiens International, a global provider of insurance software solutions, announces the introduction of the latest version of its RapidSure Policy Administration System. 

New features include an integrated and comprehensive billing component along with advanced business process management (BPM) capability.  This is part of the Sapiens roadmap commitment to deliver a full suite to the North American P&C market.

“The utilization of astandard open source workflow engine and toolset allows Sapiens' RapidSure to deliver the robustness and flexibility insurance companies require to automate their work processes across their organization,” says Alfred Goxhaj, CIO with Philadelphia Insurance.

Enhancements and new capabilities offered with RapidSure version 8.0 include:

• Fully integrated billing module;
• Business process management workflow tools and process monitors;
• Improved automated underwriting tools;
• Greater configuration capabilities, offering carriers more control of automated rules, workflow and business process management, and the ability to adapt to changing market, regulatory, and business requirements;
• Enhanced on-line document production capabilities;
• Premium audit transactions for all lines of business;
• Subscription (co-insurance) policy tracking;
• Risk accumulation and aggregation mapping tools; and
• Upgraded user interface tools and technology.

Commenting on the new RapidSure release, Dan Sobotincic, president, Sapiens North America p&c division, says, “Our continued investment in RapidSure has enabled us to offer the new capabilities with 8.0 and provide even greater RapidSure value to our clients. We are especially excited to offer the new billing and BPM capabilities, which positions RapidSure as one of the most advanced solutions.”

 “We continue to invest in RapidSure to deliver to the P&C market the most advanced software solutions,” says Roni Al-Dor, president and CEO of Sapiens. “We work closely with our customers and with the industry analysts to further develop our roadmap and deliver leading edge solutions of this market.”