New Sapiens Decision Parameter Management (PaM) Accelerates Time-to-Market with Near-Realtime Changes to Business Logic
New capability enables even faster decisioning, enhancing the existing Sapiens Decision solution by separating data values embedded within business logic.
Rochelle Park, N.J., May 10, 2023—Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today launched its new Parameter Management (PaM) solution. Sapiens Decision PaM extends decision automation further into the enterprise by enabling business users outside of the IT department to make changes in data-related business logic, avoiding a time-consuming software development lifecycle (SDLC) to put changes into production. Embedded data in business logic can now be updated with PaM, making change to production in near-realtime, getting to market potentially weeks faster than is currently possible.
PaM is integrated with Sapiens Decision’s flagship product, Decision Manager, to create a seamless user experience. PaM was developed in consultation with our clients across industries with the intent of enabling the broadest range of use cases where data value changes are better managed outside of decision tables separate from business logic. There are abundant use cases that can benefit from PaM, typically oriented around variable data that may change frequently and be sourced from within the organization as well as from third parties. Examples include insurance and loan underwriting thresholds, limits on complying loans or minimum coverages, ratios for affordability or expenses, percentages for commissions and triggers for disaster zoning. PaM is also the recommended integration mechanism between machine learning (ML) insights and the business logic that must rapidly react to changing insights.
“We recognized the need to develop a more simplified and flexible approach to encapsulated data in logic and consulted closely with a large number of our clients to ensure PaM would solve real-world use cases from day one,” said Jamie Yoder, Sapiens North America President and General Manager. “PaM extends the value of the Sapiens Decision core product and will capture an entirely new class of business users outside the area of IT with the added benefit of accelerating time-to-market.”
Sapiens Decision will be exhibiting at the upcoming Building Business Capability (BBC) 2023 Conference (Booth #300) on May 10-11, 2023, at the Caesar’s Forum in Las Vegas, and are available to discuss PaM.
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn.
About Sapiens Decision
Sapiens Decision, a division of Sapiens International Corporation, transforms how businesses are approaching change, by modernizing traditional business rules management. Sapiens Decision is used by major corporations in Banking, Insurance, Retail and Public Sector to implement process automation and drive digital transformation. For more information visit https://sapiensdecision.com.
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