Bituminous Insurance Cos. (Bitco), which provides insurance services to special industries including construction, forest products and oil & gas, has implemented the STG Billing and Accounts Receivable system from MajestoMastek, a U.S. subsidiary of Mastek Ltd.
STG Billing is a Web-based configured billing application that provides property/casualty insurance carriers and managing general agents (MGAs) with a standard set of interfaces as well as Web services that are leveraged to integrate with virtually any application.
MajescoMastek helped Bitco, a part of the Chicago-based Old Republic International family of companies, successfully convert more than 42,000 policies and approximately 1 million legacy billing transactions over to the new system. The new billing system is designed to enable Bitco companies to meet increasingly demanding customer service requirements and regulatory changes, as well as provides new and flexible payment options to its policy holders.
“Completing this large conversion of policy and billing transactions with MajescoMastek’s STG Billing Solution will help drive business for our insurance companies,” said Dennis VanderVinne,VP Accounting & Asst Treasurer. “As the demands and expectations of policyholders and agents continues to increase, STG Billing will help meet those needs and put Bitco at the forefront of the industry.”
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