NEW YORK, Aug. 28 /PRNewswire/ -- Middleton, Wisconsin based Capitol Insurance Companies ("Capitol") has chosen Systems Task Group's (STG) Renaissance Billing Solution to support their billing and accounts receivable operations.
Through this agreement, STG's Renaissance Billing solution will replace Capitol's existing billing systems to support all lines of business, including fidelity and surety bonds. Renaissance Billing will enable the consolidation, centralization and the streamlining of Capitol's cash management and accounting operations and will provide Capitol with advanced technology support, flexibility, and configurability.
"Consolidation to a single billing system for all business lines was the driving factor in our search for new technology. The flexibility and configurability inherent within Renaissance Billing will allow us to make changes very efficiently," said Troy Lethem, CIO of Capitol. "Implementing Renaissance Billing will enable us to adapt quickly to changes in the insurance marketplace."
"We are delighted to have Capitol as our customer and look forward to a long-term relationship. 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 for SOX and the need to refresh the technology stacks of the back office," said Anil Chitale, Executive Director of STG. "Our commitment towards creating a best-of-breed Billing and Accounts Receivable solution for the property and casualty industry enables carriers to refresh their technology, enable process and financial control improvements and improve their standing with their customers and agents."
About Capitol
Headquartered in Middleton, WI, Capitol has been insuring business owners since 1959. Capitol is a national underwriter of specialty insurance products in niche areas of the commercial property and casualty and the fidelity and surety markets. Through its operating entities, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, Capitol offers high quality customer service in programs tailored to the needs of its customers' business and risk management strategies. Information on Capitol is available at http://www.capitolindemnity.com/. Capitol has an A ("Excellent") rating from AM Best. Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company are subsidiaries of Alleghany Insurance Holdings LLC, whose parent company, Alleghany Corporation, is publicly traded on the New York Stock Exchange (ticker symbol 'Y').
About Systems Task Group Int'l Ltd. (STG)
Since its inception in 1991, New York based STG has positioned itself as a provider of product-based solutions and services to the Property & Casualty Insurance Industry that includes licensing of onsite solutions, solutions on an ASP platform, industry specific professional IT services, application driven business support services and value added services. STG is supported by a state of art, fully equipped and integrated Offshore Competency Center (OCC) in Mumbai, India.
For further information, visit http://www.stgil.com/ or contact Deepa Saigal at
