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.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access