Billing island now cloud at Bermuda firm

NEW YORK: MajescoMastek, the U.S. subsidiary of technology solutions provider Mastek Limited announced that Bermuda-based OneBeacon Insurance Group has selected STG Billing to consolidate multiple billing systems to MajescoMastek’s private cloud delivered billing platform.

Already in production after its initial STG Billing implementation, a broader deployment is on track for production later this year, as a press release adds. Once in full production use, the STG Billing system will be used as the common platform to support OneBeacon’s entire book of business and all bill types, including: direct, agency, and broker.

After a thorough evaluation of available billing systems, OneBeacon selected MajescoMastek and its STG Billing offering in large part due to the capabilities it provides for users to maintain and configure many of the options and rules within the system. OneBeacon says it also appreciated the attractive support model offered with MajescoMastek’s private cloud delivery. The new system gives OneBeacon a cost-effective approach to billing, while also streamlining and bringing consistency to the billing process, regardless of the bill type or product.

Dana Hendershott, SVP - Specialty Collectors and Operations with OneBeacon, said, “We are pleased to be streamlining and enhancing our billing platform with the adoption of MajescoMastek’s STG Billing system. Their track record of success and extensive knowledge of insurance industry billing contributed to our comfort level when evaluating our options last year. We feel confident in MajescoMastek’s ability to deliver and look forward to the full implementation.”