MajescoMastek Joins Hands with Flexi Software to expand its

 

Thursday, Apr 16,2009, 1:20:57 PM   Click:

NEW YORK - (BUSINESS WIRE) - MajescoMastek, the U.S. subsidiary of a global provider of technology solutions Mastek Limited (NSE: MASTEK) announced today that it has concluded a partnership agreement with Flexi Software, a provider of best - of-breed financial accounting software to provide end-to-end integrated accounting solutions for insurance companies.

The alliance between CT-based MajescoMastek Flexi Software and Shelton, Connecticut will benefit insurers by providing the best solutions that are fully integrated and supported on a single source, enabling them to operate their business in more efficient and cost effective.

Under the agreement, MajescoMastek will expand its insurance technology suite with the addition of an integrated solution for all accounting operations of insurance, including general ledger, accounts payable, fixed assets, procurement and project .

Both companiesâ € ™ software solutions will be integrated through a Service-Oriented Architecture (SOA) using Web services. Insurers have the advantage of a single entry in the office STG (policy, claims, reinsurance and billing) in real time validations and updates to the financial accounting suite. CFOs will have the advantage of immediately viewing the financial impact of operations and have the ability to browse the deals at the click of a mouse.


â € œThe partnership with Flexi Software benefit insurance carriers, providing the evidence, the best solutions that are seamlessly integrated, â €? said Michael J. Conway, Vice President for new business development MajescoMastek. â € œBy working with us, any integration issues will be resolved, allowing the holders to convert their operations and achieve greater efficiency and cost savings. Such partnerships are another way that is MajescoMastek to processors for our customers.â €?

â € œFlexi is committed to working in partnership with the best in their category, the major companies to help solve customer problems, â €? said Stefan R. Bothe, CEO of Flexi. â € œBy partnering with a leader like MajescoMastek we collect Flexia € ™ s strength in creating world-class financial accounting solutions with MajescoMastekâ € ™ s world-class solutions to insurance and insurance of provide expertise throughout the solution to help insurance companies operate their businesses more effectively.â €?

Conway said, â € œThe combination of tender and will also MajescoMastek Flexi insurance customers to stay ahead of the curve of technology, removing the dependence on systems and technology platforms, including the elimination of the cost of general maintenance and outdated systems.It €?

About Flexi

Founded in 1991, Flexi develops, markets and supports an integrated solution for accounting software for companies in many industries, including banks, insurance and financial services. Flexi concentrates all its energies on developing the best solutions accounting â € "not many different types of solutions â €" which allows it to maintain a thorough knowledge of industry and design solutions really deliver. For more information, visit www.Flexi.com.

About Flexi Partnership Programs

Offer Flexi Flexi Industry Partnership (FIP), which provides vertical market software can OEM Flexia € ™ s solutions and seamlessly integrate with their solutions through Service-Oriented Architecture (SOA) using the Web Services or COM + technology, and private label Flexia € ™ s accounting suite under their own brand.


About MajescoMastek

MajescoMastek is a company providing technology solutions that offer solutions to business impact and transform businesses. We focus on the life and annuity and property   victim and insurers. Our experience of implementing successfully led global sustainable relationships with clients in insurance, financial services and government sectors. We are a reliable and proven for more than 70 insurers. We are part of the Mastek group with annual revenues of $ 227 million.

MajescoMastek supply software, services, people and process that differentiates us. Our clients cover the spectrum and global firms to niche players. We employ over 4000 people in offices around the world and have over 17 years of insurance experience in North America and 100 per cent implementation success record. Please visit us at www.majescomastek.com.



Media Contact MajescoMastek:

JMC Marketing Communications & PR

Sandy Frinton, 845-454-3895

sandy@jmcpr.com



Source: MajescoMastek