Obtain Financial system of Scale with Multi-Tenant Majesco L&AH Suite for TPAs and BPO Suppliers







That is the second weblog in a sequence on our Fall ’22 Launch. Over the subsequent few months, we’ll proceed to highlight how Majesco helps insurers obtain relentless innovation and meet the ever-changing market wants with an outdoor in method.

Within the early days of the cloud, organizations have been reluctant to undertake cloud methods, nonetheless the final a number of years have proven confirmed efficiencies of cloud deployments via economic system of scale. TPA and BPO enterprise fashions mandate very excessive working efficiencies to assist razor sharp margins in very aggressive area. Whereas standardized processes and automation are vital elements, multi-tenant SaaS platforms can considerably scale back run-costs of enterprise platforms for supporting enterprise processes. Multi-tenant core processing platform for TPAs, BPOs and even multi-carrier insurance coverage firms may help scale back working prices via widespread occasion for processes enterprise throughout a number of carriers.

Successful with Financial system of Scale

In our Fall ’22 Launch, we launched Majesco’s Multi-Tenant L&AH Core Suite for Third Social gathering Directors and different companies that course of throughout a number of carriers, an revolutionary new SaaS answer that helps multiple legally separate insurance coverage provider on the identical occasion. We have now now enhanced this platform to assist Coverage, Billing and Claims administration throughout a number of carriers/authorized firms.

TPAs have increased fixed-time prices for onboarding every buyer as they should procure further infrastructure and software program licenses that usually pose a barrier to entry and/or enlargement. Multi-tenant platforms are designed to assist clients develop with out incurring steep onboarding prices for brand spanking new clients.

This platform permits TPAs to effectively course of enterprise of a number of carriers on a single occasion. It’s architected to scale on a cloud infrastructure with enhanced information safety that ensures dependable information separation throughout a number of insurance coverage carriers. This method drastically reduces run prices reminiscent of upgrades, expertise maintenance, safety adherence, compliance and extra which in flip reduces unit prices of processing a enterprise transaction.

Jeff Bezos has famously stated, “Your margin is my alternative,” implying that Amazon delivered higher costs by lowering prices. This similar technique can profit TPAs and BPO suppliers if they will scale back price of enterprise transactions by eliminating prices related to separate situations.

Majesco L&AH Core Suite is our domain-rich, market-leading, platform that may course of numerous insurance coverage merchandise to assist the wants of recent insurers. This innovation which permits enterprise price reductions via multi-tenancy assist needs to be checked out by each TPA, BPO or multi-carrier insurer.

Do you’ve gotten any further ideas or questions on this matter? Drop a remark or attain out to our product groups.


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