Sapiens Enhanced StatementPro Application Streamlines NAIC Reporting
HOLON,
All customers will receive the enhanced solution, which provides superior flexibility and processing efficiency for more robust annual and quarterly financial notes reporting for property & casualty; life, accident & health/fraternal; health and title companies. The enhancement provides the framework within the software to encapsulate the narrative and data captured elements, bringing StatementPro's statement accumulation capabilities to a whole new level of sophistication.
"Some of our clients have told us that the notes section takes as long to complete as the rest of the Annual Statement," said
The enhanced solution also includes a hierarchical view of notes and sub-notes.Ā The data entry for the traditionally data captured notes remains the same.Ā Not only can users now navigate through the notes easier, more than one user can work on the notes components simultaneously.
Users will be able to mark notes as 'not applicable' or enter their own 'not applicable' phrase or text for notes and sub-notes.Ā In addition, they will be able to group notes together to consolidate 'not applicable' notes. Notes can be tracked for completion and assigned to individuals/groups.Ā Users are now able to incorporate tables or other source materials directly into the narrative notes or sub-notes.
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