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Industry Case Studies
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Industries Insurance
- End to end Elixir
- An End-to-End Back Office Solution
The second-largest bank in Malaysia wanted a back office solution for its insurance products -- one that would be easily accessible from the Internet, help it launch new products quickly, enhance customer experience etc. The answer to all their issues was MajescoMastek's Elixir, which was made up of business components that reduced time-to-market, improved service levels and integrated business processes
Read More - Channel Management
- Integrating alternate distribution channels to fuel growth for insurance carrier
The client, a relatively new entrant in the insurance market identified alternative distribution channels as their go-to-market strategy. To meet this objective, they wanted a new system to manage the diverse business rules and incentive mechanisms of their channels and partners.
Read More - Managing Channels, the Elixir Way
A relatively new entrant to the competitive Indian life insurance market, Max New York Life wanted to quickly expand its distribution network, but its existing back office solution wasn't flexible enough to cope with frequent changes. MajescoMastek's Elixir solution helped the company speed up time to market, manage channel partners more efficiently and reduce costs, among other things.
Read More - Channel Management solution for agent motivation
The client is a leading international financial services group which is today the leading European life insurer in Asia.
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- Point of Sales
- Point of sale solution helps in better service levels, quicker processing and reducing sales cycle
The customer, is the 2nd largest bank in Malaysia with over 70 billion Malaysian Ringitt in assets and a huge network of banks across the country and a huge network of banks across the country. The client's existing "bare bones" Point of Sales solution was not fulfilling their requirements.
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- Channel Portal
- Virtual Office Portal: Making it easier and secure for agents working with multiple applications
The client is a large broker-dealer network in the US selling (services) financial products through a network of licensed distributors.
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- Channel Compensation
- Effective Compensation Management system helps channel monitoring and faster introduction of new channels
The client's goal was to introduce an agile system to enhance new channels and improve the analysis of channel performance. Mastek enabled this Japanese carrier to manage channel compensation and tracking and have an integrated view across all channels.
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- Claims Management
- Claims Express: Reducing claims processing time by 50%
The customer, a large Fortune 1000 company, is a leading financial services provider to credit unions and their members worldwide.
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- Policy Administration
- Customer centric poilcy administration system helps in speedy launch of hybrid products
The client is one of the leading health cash plan and personal medical plan providers in the UK. The company had three separate brands, each with their own business processes and systems. They needed a unified system to manage all their products, and one that was flexible in meeting their aggressive growth plans.
Read More - Straight through processing: From point of sale to new business to policy administration
The client is the insurance arm of one of the largest financial groups in Malaysia, and a market leader in Insurance products.
Read More - Policy administration solution supports all processes in the policy life-cycle from product definition to claims settlement
The client is the leading outsourcing service provider in the UK Life and Pensions market. They provide SLA based services for a number of companies including Prudential, Lincoln, HBOS, The Children's Mutual, and Winterthur
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- STG
- Developing an end-to-end solution for claims processing of wholesale line of business
An integrated claims processing system enables the client to develop a seamless integration between the field staff and the claims center, eliminating the duplicate and inconsistent data entry redundancies.
Read More - Upgrading the legacy system to increase the operational efficiencies by five fold.
A fully Web enabled application, integrated with the Oracle backend, helped Riders to reduce process cycle timings, provide efficient customer service, and improve agent productivity.
Read More Financial Service
- Business Intelligence
- Business Intelligence System: Delivering business decisions at a click of a button
Mastek helped a major financial services provider to consolidate its financial data sources for data analysis and decision support.
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- Electronic Trading
- Electronic trading system: High-performance, scalable & expandable system for derivative traders
Our client, a leading trading solutions provider envisaged a new trading platform and needed a partner to provide a framework and methodology, bringing discipline and rigor to the whole development cycle.
Read More Government
- Co-creating one of the largest traffic management Solution in the World
Mastek partnered with the UK's leading professional and support services organisation to embark on one of the largest traffic management projects in the world.
Read More - Technology Solutions for better education management
Capita is a major player in the UK Government arena and offers a variety of software services in the field of education.
Read More - Attendance Management System - Incentivising attendance to reduce dropout rates in school and colleges
Schools and colleges across England were facing the problem of increased dropout rates. The talent pool of young graduates in the country was threatened.
Read More - Health management system to improve lives of UK citizens
The Health Care sector in the UK is adapting to meet changing needs and market conditions. Many basic health care services, previously financed by the National Health Service, have now been transferred to the private sector. Our client is a leading provider in this area.
Read More - Improving social and health care management through technology solutions
Mastek was contracted by a leading provider of communications solutions, to partner in a complex, multi-year engagement which is being delivered by the new Department of Health agency NHS Connecting for Health.
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Healthcare
- Electronic Health Record System
Our Electronic Health Record (EHR) is truly patient centric system designed to provide single patient record across multiple care providers and covers clinical information for in-patient and ambulatory care setting.
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