Israel’s Sapiens International Corporation, a global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced that a U.S. financial firm has selected Sapiens DECISION as its central application for managing organizational business logic and rules.
Sapiens says that its solution will enable the firm to reduce the cost of implementing a new mortgage platform and provide improved visibility and management of enterprise-wide business logic, including data exchange and acceptance.
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Sapiens DECISION is a business decision management solution that the firm asserts consistently and comprehensively enforces business logic across all enterprise applications. It is used to track, verify and ultimately ensure that every decision is based on the most up-to-date rules and policies.
The financial services firm will reduce investment, implementation and maintenance costs by leveraging Sapiens DECISION to centrally develop and manage business logic, eliminating the need to maintain duplicate logic and business rules across separate applications, the company said.
Powered by The Decision Model, one of the most widely adopted decision management methodologies, Sapiens DECISION will function as the organization’s central repository for data quality logic and rules, as well as the source for corresponding business logic.
“The new platform will require a high level of compliance and data quality. It must therefore maintain a superior level of accuracy and efficiency to effectively manage the complexity of the firm’s data exchange with multiple clients and trading partners, ” said Janet Eakes, business owner of Financial Services for Sapiens DECISION. “Sapiens DECISION will achieve these aims, while reducing the firm’s expenditures.”
“Financial services organizations of all types are recognizing the benefits of effective management of their business rules and logic, ” said Roni Al-Dor, president and CEO of Sapiens International. “We are seeing a growing interest and demand for our DECISION solution. The increasing rate of market adoption of Sapiens DECISION represents a tremendous growth opportunity for our organization.”
Sapiens International Corporation offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30 years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of more than 900 professionals operates through its fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.