Majesco enables digital transformation journey; stock gains

Software company-Majesco (USA), the insurance arm and subsidiary company of Majesco Limited announced on Tuesday that its technology service unit has enabled United Educators (UE) to successfully implement robotic process automation (RPA) in order to optimise business operations by reducing manual process and enhancing customer experience.

UE addresses the unique risks of the members and personalises underwriting thereby, providing tailored coverage. With the help of RPA, UE has transformed a manual, slow and time-consuming process into a process that is standardised, speedy and scalable.

Moreover, Majesco assisted UE with designing and automation of a standard schedule based on business needs. This schedule allows UE to schedule run times during the year to improve its operational efficiency.

By leveraging RPA, UE is able to expand the business without the constraint of staffing while decreasing the underwriting time to completion.   

Majesco provides technology, expertise and leadership by helping insurers modernise and innovate in order to build a future of their business as well as insurance at scale and speed.  

On Wednesday at around 1.08 pm, the stock of Majesco Ltd was trading at Rs 356.85 with a growth of 1.28 per cent on BSE.