Coforge Partners with Transcard

Coforge Limited, a global provider of digital services and solutions, has announced a new collaboration with Transcard, a global leader in payment and data technology. Coforge will use Transcard’s suite of embedded payments solutions as a value-added reseller. Coforge and Transcard will address insurers’ and other organisations’ payment challenges by providing an all-in-one solution for disbursing and collecting payments of any type.

Payments are going digital in the future. After years of slow adoption, the volume of electronic B2B payments has increased as insurers and other organisations adapt to remote working and seek ways to streamline operations and provide a better customer experience. Insurers must have a modern payments platform designed for today’s B2B payments environment.

Transcard offers SMART Suite, a cloud native platform that supports any digital payment method for any business application, seamlessly integrates into any legacy accounting software, enterprise resource planning (ERP) application or system or record, and connects with any client bank account, eliminating the need to set up or pre-fund a new bank account to disburse electronic payments.

The SMART Suite from Transcard provides insurers with pre-configured payment solutions for applications such as premium collections, property and casualty claim pay-outs, and lienholder payments. By digitising payment disbursement and collection, insurers can significantly reduce transaction processing costs, reduce the likelihood of policy lapses through accelerated payments, provide a better experience for policyholders and claimants, and improve visibility and control over payments. “Transcard is pleased to announce this collaboration with Coforge, and we look forward to assisting insurers and other organisations in digitising and simplifying their payments in order to achieve better business outcomes,” said Transcard.

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