Nautilus Insurance Group LLC has purchased MajescoMastek’s STG Billing system, which is designed to streamline and automate workflows, enhance reporting and management capabilities and improve ease of doing business with distribution channels
“We were looking for a functionally rich solution to enhance and automate our processes, and we wanted a system that would have the flexibility to offer the bill types we use today, as well as those we may choose to offer in the future, as our customer needs continue to evolve,” said Mick Kallo, SVP and CFO, Nautilus Insurance Group.
MajescoMastek says the STG Billing system will enable Nautilus, and clients like them, to integrate with other critical applications, including multiple policy administration systems, general ledger and accounts payables, as well as migrate key data through the conversion process enabled by MajescoMastek’s data conversion solutions and methodologies; and support various billing methods including direct bill.
According to MajescoMastek, the STG Billing is 100 percent Java-based and contains tools to define custom business rules and design payment, collection and delinquency plans.
“We are very pleased to be selected by an E&S market leader like Nautilus, and welcome them to our client family of over 60 insurance carriers who are using STG Billing,” said Anil Chitale, P&C Practice Leader, MajescoMastek.
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