Alberta Motor Association Insurance Co., a direct property/casualty writer, has deployed MajescoMastek’s STG Billing solution for its personal and commercial auto and property and accident insurance lines.
AMA Insurance now is able to address the company’s enterprise billing, payments and disbursements needs more effectively and efficiently, MajescoMastek said. Benefits of the new billing system include accurate and efficient automated billing and receivable processes for clients, a modern and flexible operation for payments, disbursement and collections functions and a reduction in manual processes, MajescoMastek said. The transformation project included the migration of thousands of policies, representing more than five years of transactional data, to MS SQL.
“While the system was highly functional out-of-the-box, the configuration capabilities offered with STG Billing enabled us to modify the system to meet our specific needs,” said Bob Hillman, VP of finance, AMA Insurance. “The system was immediately a hit with our users. It’s been a great experience from the beginning, and we look forward to working with MajescoMastek to maximize the benefits of this system.”
STG Billing, MajescoMastek said, is Java based and includes tools to define custom business rules and design payment, collection, disbursement and delinquency plans. STG Billing’s workflow management can streamline the collection of payments while increasing cash flow, without sacrificing accuracy or consistency, the company said.
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