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Mastek launches UK agency management solution

Mastek has announced the formal launch of its new Elixir Agency Management solution to the UK market.

Mastek is pleased to announce that UK providers can now take advantage of the benefits of its agency management solution.

Elixir Agency Management is part of its market-leading ‘Elixir’ sales and
policy administration system, which uses component-based architecture to
deliver a flexible, intuitive agency and commission system.

The solution enables any combination of remuneration and benefits for agencies and distributors.

Elixir Agency Management can be purchased either a standalone offering or as part of Mastek’s wider Elixir solution.

The service oriented architecture facilitates smoother transfer of information and quicker integration with multiple legacy applications and enables it to act as a single commission and remuneration engine.

The solution enables companies to configure new channels / commission agreements effectively, automate channel administration, reduce channel-servicing cost and quickly react to changes in market requirements without the need for bespoke programming.

Mastek head of life and pensions Trish Henry says: “Agency and distributor management is becoming a real headache for many providers – it is the ‘elephant in the corner’. Everyone knows its there, but dealing with it has previously been a problem.

We are confident that our new offering will take the pain out of this problem for providers. Indeed, the market interest in the Elixir AMS component has already been considerable.”

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