Compare Agency Matrix and Sapiens - Oct 2022

Shlomi LaviShlomi Lavi / Oct 21, 2022

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Bottom Line: Which is Better - Agency Matrix or Sapiens?

Sapiens is more expensive to implement (TCO) than Agency Matrix, and Agency Matrix is rated higher (86/100) than Sapiens (78/100). Both tools offer the same amount of features.

Looking for the right Insurance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Agency Matrix Vs. StoneRiver

Agency Matrix: Agency Matrix was the product invention of president and founder, Manual Ochoa. During his many years in the insurance industry in Texas, Manuel’s career evolved from independent agent, to representing several Texas Managing General Agencies, and finally on to software developer. It was in 2005 that a local Texas agent and colleague of Ochoa’s pers...

StoneRiver: StoneRiver originated as an ensemble of best-of-breed insurance technology providers. Over the arc of our evolution, our new genetic identity emerged from that rich, diverse foundation. Today, our DNA is admired for its technical intellect, accumulated wisdom, and indestructible business ethic.StoneRiver, Inc. provides comprehensive insurance techn...

Who is more expensive? Agency Matrix or Stream Suite?

The real total cost of ownership (TCO) of Insurance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Agency Matrix and Stream Suite.

Agency Matrix price starts at $49 per user/month , On a scale between 1 to 10 Agency Matrix is rated 2, which is much lower than the average cost of Insurance software. Stream Suite accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Agency Matrix is rated 2, which is much lower than the average cost of Insurance software.

Bottom line: Stream Suite is more expensive than Agency Matrix.

Which software includes more/better features?

We've compared Agency Matrix Vs. Sapiens based on some of the most important and required Insurance features.

Agency Matrix: Data Import/Export, Basic Reports, Online Customer Support.

Stream Suite: Billing & Invoicing, Document Management, Quoting.

Target customer size

Agency Matrix is suitable for insurance agents, insurance companies and industries providing financial services. and Stream Suite's target customer size include: Small, medium and large size businesses.

Agency Matrix

ITQlick rating
(4.3/5)

starts at $49 per user/month

Agency Matrix is an agency management solution designed to help users by automating most of the burdensome processes associated with their business. Users get every policy, form, endorsement, image, repo...

Categories: CRM, Insurance.

Sapiens

ITQlick rating
(2.8/5)

Sapiens is a growing cloud-based Insurance software, it is designed to support small, medium and large size insurance agencies. Sapiens received a rating of 2.5 from ITQlick team. The software cost is considere...

Categories: Billing & Invoicing, Document Management, Insurance CRM, Claims Management, Insurance Data Management.

Compare specifications

Compare features

Agency Matrix: 3 Features

Data Import/Export
Basic Reports
Online Customer Support

Stream Suite: 3 Features

Billing & Invoicing
Document Management
Quoting
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Agency M...
ITQlick rating
4.3/5
Score
86/100
Pricing
3.4/10
License pricing
$49 per user/month
Functionality
5
Compare
Sapiens
ITQlick rating
2.8/5
Score
78/100
Pricing
5.4/10
License pricing
Pricing not available
Functionality
12
FormFire
ITQlick rating
4.4/5
Score
89/100
Pricing
5/10
License pricing
$399 per month
Functionality
3
Applied ...
ITQlick rating
4.4/5
Score
89/100
Pricing
4.8/10
License pricing
$1,000 per license
Functionality
9
Agentmethods
ITQlick rating
4.2/5
Score
83/100
Pricing
4.6/10
License pricing
$149 per month
Functionality
5

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.