Wyoming Department of Workforce Services Upgrades its Sapiens Solution to Allow Faster Time-to-Market and Greater Efficiency

Sapiens CoreSuite for Staff Compensation will permit the insurer to make use of the most recent expertise developments and {industry} requirements whereas preserving the platform updated.

RALEIGH, N.C., Might 24, 2022 /PRNewswire/ — Sapiens Worldwide Company, (NASDAQ: SPNS) and (TASE: SPNS), a number one world supplier of software program options for the insurance coverage {industry}, introduced at present that Wyoming Division of Workforce Providers (DWS), has modernized its Sapiens CoreSuite for Staff’ Compensation platform, to benefit from new capabilities for extra fast and environment friendly upgrades.

DWS supplies Staff’ Compensation protection for a workforce of 200,000 within the state of Wyoming. The improve protects DWS’ longtime funding in CoreSuite by making future updates quicker and simpler, whereas making certain its CoreSuite platform is saved updated.

DWS’s transfer to the most recent model of CoreSuite for Staff’ Compensation features a substantial expertise platform refresh, in addition to a brand new person interface. The improve additionally brings the benefit of externalized configuration administration. This progressive functionality allows client-specific configurations to be externalized, making CoreSuite upgrades quicker and extra environment friendly. DWS can now extra absolutely leverage CoreSuite expertise and speed up deployment of performance upgrades as they turn into accessible.

A Sapiens’ shopper since 2008, DWS sought to speed up its give attention to shopper companies and be extra conscious of claimants and policy-holders. “Sapiens’ resolution supplies us with a number of advantages from quite a lot of useful enhancements. Extra importantly, Sapiens allows us to maintain our processes up-to-date with {industry} commonplace system platforms,” stated Kelly Smith, Deputy Administrator, Enterprise Intelligence Unit. “Upgrades can now be dealt with with assistance from externalized code that can allow us to deploy extra frequent upgrades to performance and the expertise stack utilizing our present assets.”

“The success of this improve demonstrates how our mixed group from DWS and Sapiens labored collectively towards a typical objective of delivering an industry-leading service to Wyoming’s employers and injured staff,” stated Jamie Yoder, Sapiens North America President and Normal Supervisor. “The improve is designed to optimize operational efficiencies, enhance buyer satisfaction, and enhance profitability for staff’ compensation suppliers, directors and state funds.”

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Sapiens CoreSuite for Staff’ Compensation allows carriers to enhance operational efficiency by decreasing declare inventories and supporting medical prices utilizing superior outcome-based case administration. Its real-time fee processing permits computerized and cut up funds, offsets and deductions, refunds, transfers and 1099 processing for monetary effectivity. The platform’s rules-driven auto-adjudication and choice help, allows proactive case administration that cut back claims settle decision time and claims closure.

About Wyoming Division of Workforce Providers (DWS)

Wyoming Division of Workforce Providers operates 55 state and federal applications administered in 23 subject workplaces. DWS’ Workforce Requirements Division is accountable for the Staff Compensation Program in addition to regulatory and compliance/enforcement. This consists of Staff’ Compensation Claims and Employer Providers, Staff’ Compensation Security and Threat (WCSR) and Wyoming Occupation Security and Well being Administration (OSHA), Labor Requirements, and Employment Tax. For extra data, please go to http://wyomingworkforce.org/about/

About Sapiens

Sapiens Worldwide Company (NASDAQ and TASE: SPNS) empowers the monetary sector, with a give attention to insurance coverage, to remodel and turn into digital, progressive, and agile. Backed by 40 years of {industry} experience, Sapiens provides an entire insurance coverage platform, with pre-integrated, low-code options and a cloud-first strategy that accelerates clients’ digital transformation. Serving over 600 clients in 30 nations, Sapiens provides insurers throughout property and casualty, staff’ compensation and life markets essentially the most complete set of options, from core to complementary, together with Reinsurance, Monetary & Compliance, Knowledge & Analytics, Digital, and Determination Administration. For extra data go to www.sapiens.com or comply with us on LinkedIn.

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