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1.40
SAS Cost and Profitability Management
SAS Cost and Profitability Management is an analytic application that models business processes to accurately determine process, product and customer cost and profitability. With this solution, you can make informed decisions to streamline processes, deliver revenue growth and reduce costs across the organization.
Benefits
Evolve the way you do business.
Gain insights into cost accumulation in a way that management, marketing and operations personnel – not just finance experts – can understand and act on. Tie financial results and KPIs to strategy by measuring profitability at the division, department, channel and individual product and customer levels.
Manage shared service cost allocations.
Get a more accurate reflection of true costs and profitability by managing how shared service costs and IT chargebacks get allocated to products, customers, channels and services. Create more accurate budgets and workforce plans.
Improve processes by identifying activities that don’t add value.
Identify cost bottlenecks, rework and non-value-added activity. Use what-if analysis to model and simulate how changes in driver volumes affect costs, profit and resource requirements.
Understand the effects of cost and process variations on performance.
High-performance in-memory modeling quickly identifies issues and provides insight into weak links in the supply chain, underutilized capacity and opportunities for cross sell and up sell. Complex models that used to take hours or overnight to update can now be run in a fraction of the time.
Features
Cost and profitability measurement
Modeling
Analysis and reporting
Data integration
1.40
SAS Fraud Framework for Insurance
Benefits
Detect more fraudulent activity. SAS gives you a broader view by processing all data through advanced analytics models and combining it with rules engines. You’ll be able to detect previously unknown schemes with customized anomaly detection methods, and spot linked entities and crime rings to stem larger losses.
Prevent fraud losses before settlement. Real-time daily batch scoring catches fraud immediately. Find loss padding in similar claims. Identify repeat offenders and uncover insider or collusive fraud by integrating staff data and audit records, and applying risk- and value-based scoring models to prioritize output for investigators.
Lower loss-adjustment expenses. You can greatly reduce false positives using our sophisticated fraud scoring engine. Improve investigator efficiency and ROI with advanced case management tools and by prioritizing higher value networks and conducting more efficient and accurate investigations. Capture all claims settlement amounts within the system to reuse with similar claims in the future.
Get a consolidated view of fraud risk. Identify cross-brand/product fraud by seeing customer claims and policies for all lines of business. Continuously improve models and adapt the system as needed to address changes in fraud trends. Understand new claim threats and prevent substantial losses early using social network diagrams and sophisticated data mining techniques.
Gain a greater competitive advantage. Generate fewer false positives to gain greater satisfaction of legitimate customers. More diligent, effective fraud detection methods can actually discourage fraudsters from targeting your organization. And satisfy regulatory requirements by better managing fraud.
Detect more fraudulent activity. SAS gives you a broader view by processing all data through advanced analytics models and combining it with rules engines. You’ll be able to detect previously unknown schemes with customized anomaly detection methods, and spot linked entities and crime rings to stem larger losses.
Prevent fraud losses before settlement. Real-time daily batch scoring catches fraud immediately. Find loss padding in similar claims. Identify repeat offenders and uncover insider or collusive fraud by integrating staff data and audit records, and applying risk- and value-based scoring models to prioritize output for investigators.
Lower loss-adjustment expenses. You can greatly reduce false positives using our sophisticated fraud scoring engine. Improve investigator efficiency and ROI with advanced case management tools and by prioritizing higher value networks and conducting more efficient and accurate investigations. Capture all claims settlement amounts within the system to reuse with similar claims in the future.
Get a consolidated view of fraud risk. Identify cross-brand/product fraud by seeing customer claims and policies for all lines of business. Continuously improve models and adapt the system as needed to address changes in fraud trends. Understand new claim threats and prevent substantial losses early using social network diagrams and sophisticated data mining techniques.
Gain a greater competitive advantage. Generate fewer false positives to gain greater satisfaction of legitimate customers. More diligent, effective fraud detection methods can actually discourage fraudsters from targeting your organization. And satisfy regulatory requirements by better managing fraud.
The ROI4CIO Product Catalog is a database of business software, hardware, and IT services. Using filters, select IT products by category, supplier or vendor, business tasks and problems. Find the right business solutions by using a neural network search based on the results of deployment products in other companies.