Mumbai, 18 June 2008
Mastek Ltd, a leading Global IT solutions player providing new technology and IP-led enterprise solutions player headquartered at Mumbai has today announced that it's subsidiary STGMastek, a provider of enterprise-wide solutions to the Property and Casualty (P&C) Insurance Industry, has been selected by AAA Mid-Atlantic, an automobile club in the US for its Billing and Accounts Receivable systems to support its Insurance business across several lines and eventually expand to non-insurance lines of businesses. The STG Billing System will provide a centralized cash-management, accounts receivable and collections operations to AAA Mid-Atlantic.
"We were impressed with STGMastek's enterprise billing solutions and the installations that will enable us to modernize administrative infrastructure in order to better serve our members," said Spencer Roman, President and Chief Operating Officer, AAA Mid-Atlantic Insurance Group. "AAA Mid-Atlantic chose STG Billing because it demonstrated the integration capabilities required to complement our systems. We wanted a platform that would provide us with enhanced flexibility for our diversified product portfolio in consumer insurance services."
"Billing has moved to the forefront of carrier investment strategies as the need to improve the customer experience combines with the need for tighter financial controls and the need to refresh the technology stacks of the back office," said Billy McCarter, President of STGMastek. "AAA Mid-Atlantic's faith in our Billing and Accounts Receivable solution for its insurance and non-insurance lines validates our vision and strategy to offer a matured and best-of-class enterprise billing, cash-management and receivables solution to not just insurance companies but to other services industries. We are excited to add AAA Mid-Atlantic to our family of customers and look forward to a long-term relationship with this esteemed organization."
About AAA Mid-Atlantic, Inc. (AAA)
AAA Mid-Atlantic Inc. is among the largest automobile clubs in the United States with a membership base of nearly 4 million. Its subsidiary, the AAA Mid-Atlantic Insurance Group, provides personal lines insurance coverages to auto club members throughout the Mid-Atlantic region. As North America's largest motoring and leisure travel organization, AAA provides its members with a broad range of travel, insurance, financial and automotive-related services.