MajescoMastek, the U.S. subsidiary of global solutions provider Mastek Limited, has entered into a partnership agreement with Flexi Software, a provider of financial accounting software, to deliver an integrated accounting solution for insurance companies.

The alliance will provide insurers with the best-of-breed solutions that are seamlessly integrated and supported from a single source. Under the agreement, MajescoMastek will expand its insurance technology suite with the addition of an integrated accounting solution for all insurance transactions, including general ledger, accounts payable, fixed assets, purchasing, and projects.

The two companies' solutions will be integrated through a service-oriented architecture using Web services. Insurers will have the benefit of a single entry in the STG Suite (Policy, Claims, Reinsurance, and Billing) with real-time validations and updates to the financial accounting suite. CFOs will be able to view the financial impact of transactions and have the ability to drill down to the deals with a click of a mouse.