Up to 90% faster searches and response times for insurance claims.
Source: AOK Systems
We can now standardize and automate health insurers’ processes even further. We are also able to provide innovative, integrated solutions for policyholders quickly and in a targeted manner. This gives our customers a competitive edge.
Daniel Ridder, Head of Strategy and Innovation, AOK Systems
To remain competitive and grow revenue, insurers must innovate products and operations. You can deliver protection services by bundling products and services across lines of business. You can also automate and streamline claims, billing, and payment processes through integration with the general ledger to help reduce costs and increase transparency.
Up to 500% increase in daily disbursements.
Source: Zurich Brasil
Customers are noticing a difference with the SAP Collections and Disbursements for Insurance application. They are paid faster, and we are well positioned to quickly deliver new products and services.
Jackson Alves, IT Superintendent, Zurich Brasil
Spend management provides the best opportunity to quickly reduce costs and improve ROI. Our solutions support best practices in the source-to-pay process, on premise or in the cloud. This enables you to gain insights and improve efficiency through intelligent business network collaboration while establishing the baseline for managing total spend.
33% lower cost of claims procurement.
Source: SAP Performance Benchmarking
At Medibank, we had the opportunity to lay a foundation for many years to come with our implementation and adoption of SAP Ariba solutions.
David Fittler, Senior Executive, Property and Procurement Technology and Operations, Medibank
New financial, regulatory, and compliance requirements necessitate urgent upgrades to reporting systems. Insurance software from SAP delivers essential profitability breakdowns at an individual event level and enables you to consolidate data from various policy, claims, billing, actuarial, and incentive systems for a single version of the truth.
40-50 fewer days to close annual books.
Source: SAP Performance Benchmarking
Without modern, digitalized workforce processes, insurers may not attract the right staff and risk losing critical staff. Insurance software from SAP reduces this risk by offering solutions for the training of sales and field resources, including clear target setting in alignment with individual and overall sales targets.
Up to 80% reduction in travel and expenses audit costs.
Source: SAP Performance Benchmarking
We’re now one of the top 100 employers in Canada, with our performance and learning earning an A and A+ rating. This is directly a result of our new systems.
Carey Franklin-McInnes, Director of Learning and Performance Development, The Canada Life Assurance Company
