Majesco and Vertex Announce Partnership to Deliver Advanced Tax Solutions for Disability Claims and Absence Management MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader in cloud insurance software solutions, has announced a strategic partnership with Vertex Inc., a renowned provider of indirect tax technology. This collaboration introduces the Majesco ClaimVantage solution, which leverages Vertex's tax expertise to offer customers a comprehensive, seamless, and automated tax calculation solution for disability claims and absence management. Founded in 1978, Vertex has established itself as a pioneer in tax technology, assisting businesses with tax determination and compliance. Known for its proficiency in handling complex tax systems, Vertex provides businesses with the confidence needed for transactions, compliance, and growth. The Vertex Payroll Tax, a SaaS-based solution, simplifies payroll tax calculations for the U.S. and Canada, facilitating accurate gross-to-net deductions. "We are excited to welcome Majesco into the Vertex Payroll family," said Michael Schuster, Principal Product Manager at Vertex Inc. "Our collaboration with Majesco's team will enable us to deliver precise and reliable tax calculations to their clients, enhancing operational efficiency and regulatory compliance." By integrating Vertex's payroll tax engine into its ClaimVantage solutions, Majesco provides Canadian insurance carriers and third-party administrators (TPAs) with a robust, seamless tax calculation and payment process. This integration is a significant step towards streamlining disability claims and absence management workflows, ensuring accuracy and compliance with tax regulations. Key benefits of the ClaimVantage with Vertex solution include: Comprehensive Tax Calculation: Accurate and up-to-date tax calculations, ensuring compliance with local regulations. Seamless Integration: Effortless incorporation into existing workflows, reducing manual tasks and minimizing errors. Enhanced Efficiency: Streamlined processes that save time and resources, allowing claims teams to focus on high-value activities. Automated Payments: Simplified tax payment procedures, reducing administrative burdens. Data Security: State-of-the-art security measures to protect sensitive information. "Introducing the ClaimVantage with Vertex solution marks a transformative partnership for Majesco," said Ray Law, SVP & GM, Product at Majesco. "By integrating Vertex's advanced tax technology, our customers' claims teams can achieve unprecedented efficiency and benefit from a simpler, more streamlined implementation. We are eager to see the positive impact this partnership will have on our customers' operations." Majesco plans to expand the Vertex integration to U.S. customers later this year, setting a new standard for tax solutions in claims and absence management. This extension aims to enhance the user experience further, making the process more streamlined and efficient for all users. About Majesco Majesco is a trusted partner for property and casualty (P&C) and life and annuity health (L&AH) insurers, providing them with the tools to create and deliver exceptional customer experiences. Combining decades of technology and insurance expertise, Majesco focuses on anticipating future trends while addressing current needs. Over 350 insurers, including managing general agencies (MGAs), greenfields, startups, and some of the world's largest insurers and reinsurers, rely on Majesco's intelligent SaaS platforms. These platforms are powered by generative artificial intelligence (GenAI) and offer solutions for core insurance functions, data analytics, distribution, underwriting, loss control, and digital transformation, supported by a rich ecosystem of partners. As an industry leader, Majesco embraces change, leveraging it to manage and mitigate risk effectively. With over 1,000 successful implementations and 90% of its customers in the cloud, Majesco bridges the gap between traditional insurance practices and cutting-edge digital solutions. The company gives its customers the confidence to make informed decisions, the products they need to excel, and the follow-through to ensure successful execution. For more information, visit www.majesco.com or connect with us on LinkedIn.