Amerisure Goes Live With MajescoMastek's STG Billing System

NEW YORK, May 31, 2011 /PRNewswire/ -- MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), announced today that Amerisure Mutual Insurance Company, based in Farmington Hills, MI, has gone live with its STG Billing and Collections Solutions.  

"We are very pleased with the STG Billing solution and MajescoMastek as a technology solution partner. Our overall business, agency channel and clients are already seeing benefits from the system, which will only improve over time," said Tim Quinn, VP of Treasury and Finance at Amerisure.  The modern, enterprise-wide billing solution is allowing us to focus on a higher value company and customer service initiatives."

Given Amerisure's diverse business portfolio, the company was forced to use a number of different legacy billing systems that were hindering their ability to provide the desired level of customer service and to grow their business.  After reviewing a number of billing solutions, Amerisure selected MajescoMastek's STG Billing solution for its ability to support direct bill, agency bill and some of Amerisure's other unique billing requirements pertaining to their Commercial and Workers Compensation books of business.

"The STG Billing solution has been in production at Amerisure for some time now and we are excited by the positive impact Amerisure is reporting in terms of business process efficiencies," said Anil Chitale, senior vice president of the P&C division for MajescoMastek. "We are thrilled that they are realizing the business benefits they set out to achieve."

STG Billing contains tools to define custom business rules and design payment, collection and delinquency plans, creating organization-specific solutions that increase the business value of IT systems. Flexible workflow management streamlines the collection of payments, increasing cash flow without sacrificing accuracy or consistency. The ability to support multiple channels and levels of billing brings the value of STG Billing to more areas of the business process than ever before.

About MajescoMastek

MajescoMastek is a global technology solutions company that specializes in delivering business impact that transforms enterprises. MajescoMastek's deep industry expertise and proven experience results in enduring client relationships across its chosen verticals of insurance, financial services and government.

MajescoMastek is a leading global provider of core system to Insurance carriers.  MajescoMastek's core system offerings are proven, reliable and have a 100 percent implementation success at over 70 Insurance carriers in North America.  

MajescoMastek's Property & Casualty Solutions consists of STG Billing, STG EBPP, STG Financials, STG Policy Admin, STG Claims, STG Point of Sale,  STG Re-insurance and STG Distribution Management.  MajescoMastek's Life & Annuity Solutions consist of Elixir North America Policy Admin, Elixir Distribution Management and New Business + Underwriting. These solutions coupled with their solutioning expertise, large complex project experience and wide range of IT Services uniquely differentiates MajescoMastek.

MajescoMastek is part of the Mastek Group with annual revenue of $155 million and employing close to 3,000 people in 19 offices across the globe. To know more, please visit us at www.majescomastek.com.

About Amerisure Mutual Insurance Company

Amerisure Mutual Insurance Company, a stock insurer and its affiliates, is a property and casualty insurance group with experience insuring American businesses since 1912. Amerisure targets mid-sized commercial enterprises in manufacturing, construction and healthcare through strategically located Core Service Centers across the United States. Amerisure has been consistently recognized for five consecutive years as one of the top 50 P&C companies in the country by Ward group. For more information, visit www.amerisure.com.

Contact:
Nimish Sankalia
(646) 731-1006
[email protected]

SOURCE MajescoMastek