Alberta Motor Association Turns to MajescoMastek for Billing Solution
Initial implementation of STG Billing to concentrate on personal and commercial auto, property and accident insurance.
Virtual Water Cooler, September 13, 2012
Alberta Motor Association Insurance Company (AMA Insurance) has purchased the STG Billing solution from MajescoMastek. STG Billing is intended as a configurable solution to address enterprise billing, payments and disbursement functionalities. The initial implementation will focus on personal and commercial auto, property and accident insurance.
“We needed a system that could effectively manage our multiple distribution channels and enable us to deliver the level of exceptional customer service that we require,” said Bob Hillman, VP Finance. “We were initially looking to build a solution in-house. After completion of initial requirements we determined it would be more cost effective to purchase a solution. STG Billing provides us with out-of-the-box functionality that meets most of our needs, but can be further configured in-house.”
According to MajescoMastek, the STG Billing system is intended to enable AMA Insurance to:
• Streamline and automate the billing and receivable processes
• Integrate with multiple policy administration, general ledger and accounts payables systems
• Migrate data through MajescoMastek’s data conversion solutions and methodologies
• Support various billing methods
• Perform payments, disbursement and collections functions and reduce manual processes
“We continue to enjoy great industry momentum in the adoption of our STG Billing solution. AMA joins as the most recent member in our rapidly growing family of STG Billing insurance company clients – a group that now includes over 60 insurance carriers,” said Anil Chitale, P&C Practice Leader, MajescoMastek. “The industry’s confidence in and continued selection of MajescoMastek’s solution validates that we are investing our R&D time and budget effectively, and that we are listening to our clients as well the rest of the industry as we make decisions relative to our product, services, and technology strategies and deliverables.”
STG Billing is entirely Java based and contains tools to customize business rules and design payment, collection, disbursement and delinquency plans. STG Billing’s workflow management is intened to streamline the collection of payments and increase cash flow without sacrificing accuracy or consistency.
Add Your Comments...
If you have already registered to Insurance Networking News, please use the form below to login. When completed you will immeditely be directed to post a comment.
You must be registered to post a comment. Click here to register.