New Majesco-One Inc Collaboration Offers Customized Digital Payment Solutions for P&C Insurance Customers

Majesco, a leading provider of software solutions for the insurance industry, has announced the launch of a new digital payment offering for its Majesco Claims for Property and Casualty (P&C) customers. The new offering is a result of the company’s partnership with One Inc.

Majesco’s new digital payment offering will enable swift and secure digital claims payments via customers’ preferred channels and methods. The out-of-the-box integration with One Inc ClaimsPay® allows for fast and easy processing of payments, making the claims process smoother and more efficient.

Expanding partnership with One Inc.

Majesco has an existing partnership with One Inc which provides a broad range of digital payment solutions for the insurance industry. The integration with One Inc ClaimsPay®, is an expansion of this partnership, and brings an online payment capability to Majesco EcoExchange. This enhancement delivers a comprehensive inbound and outbound payment processing solution for Majesco customers across the entire P&C Suite.

Enriched customer experience

The new digital payment offering is designed to provide choice and an enhanced customer experience. It aims to improve customer retention and satisfaction. Now, Majesco Claims for P&C customers can choose their preferred payment method, including a check, direct deposit, pre-paid debit card, PayPal, or Venmo.

Payments can be disbursed through single or multi-party insurers, claimants, vendors, or lienholders, giving the payee plenty of options to receive their funds. The payments come with built-in electronic approvals and are exclusively managed through a streamlined electronic process.

Out-of-the-box integration for seamless implementation

The out-of-the-box integration with One Inc ClaimsPay® allows customers to implement and handle digital payments quickly, in a seamless and efficient manner. This feature is a major differentiator in the insurance industry today, as it offers a significant advantage over companies that still rely on traditional methods of payment processing.

Meeting the Growing Expectations of Insurance Customers

The expanded capability meets the rapidly growing expectations of insurance customers, both consumers and business owners, for digital inbound and outbound payments. This has been identified in Majesco’s annual consumer and SMB research. Customers today expect to have multiple options when it comes to receiving their payments. The new digital payment offering from Majesco addresses these changing expectations, providing customers with the choice they deserve.

Increase Customer Retention, Reduce Costs, and Reduce Risk

The enhanced capability and integration will help Majesco customers meet the increasing demand for digital payments. By offering a range of payment methods via their preferred channels, the new digital payment offering will increase customer retention, reduce costs, and mitigate risks associated with non-secure payment methods.

According to Terrence Clark, GM and SVP for P&C Solutions at Majesco, “This expanded capability and integration will help our customers meet the increasing demand for digital payments. This, in turn, will help increase customer retention, reduce costs, and minimize risk through secure digital payments based on the customers’ preferred channel and methods.”

In conclusion, Majesco’s new digital payment offering is an important development for the insurance industry. It provides a range of options for digital inbound and outbound payments, meeting the changing expectations of insurance customers today. The out-of-the-box integration with One Inc ClaimsPay® allows for efficient and streamlined processing of payments, while also enhancing customer retention, reducing costs, and mitigating risk. The new offering is a significant advantage for Majesco’s P&C customers, and it demonstrates the company’s commitment to providing innovative solutions for the insurance industry.

Explore more

Why Should Leaders Invest in Employee Career Growth?

In today’s fast-paced business landscape, a staggering statistic reveals the stakes of neglecting employee development: turnover costs the median S&P 500 company $480 million annually due to talent loss, underscoring a critical challenge for leaders. This immense financial burden highlights the urgent need to retain skilled individuals and maintain a competitive edge through strategic initiatives. Employee career growth, often overlooked

Making Time for Questions to Boost Workplace Curiosity

Introduction to Fostering Inquiry at Work Imagine a bustling office where deadlines loom large, meetings are packed with agendas, and every minute counts—yet no one dares to ask a clarifying question for fear of derailing the schedule. This scenario is all too common in modern workplaces, where the pressure to perform often overshadows the need for curiosity. Fostering an environment

Embedded Finance: From SaaS Promise to SME Practice

Imagine a small business owner managing daily operations through a single software platform, seamlessly handling not just inventory or customer relations but also payments, loans, and business accounts without ever stepping into a bank. This is the transformative vision of embedded finance, a trend that integrates financial services directly into vertical Software-as-a-Service (SaaS) platforms, turning them into indispensable tools for

DevOps Tools: Gateways to Major Cyberattacks Exposed

In the rapidly evolving digital ecosystem, DevOps tools have emerged as indispensable assets for organizations aiming to streamline software development and IT operations with unmatched efficiency, making them critical to modern business success. Platforms like GitHub, Jira, and Confluence enable seamless collaboration, allowing teams to manage code, track projects, and document workflows at an accelerated pace. However, this very integration

Trend Analysis: Agentic DevOps in Digital Transformation

In an era where digital transformation remains a critical yet elusive goal for countless enterprises, the frustration of stalled progress is palpable— over 70% of initiatives fail to meet expectations, costing billions annually in wasted resources and missed opportunities. This staggering reality underscores a persistent struggle to modernize IT infrastructure amid soaring costs and sluggish timelines. As companies grapple with