Majesco Advances its Digital Transformation Journey with Modernized Salesforce Sales Cloud

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco (NASDAQ: MJCO), a global provider of cloud insurance platform software, today announced it went live with the latest version of Salesforce Sales Cloud.

Majesco is using Sales Cloud to revamp its client relationship management system. Sales Cloud will help to standardize sales processes, reduce manual efforts throughout the sales cycle while providing pipeline and forecast visibility to sales, marketing, partner, delivery and finance leaders across the organization. Sales Cloud is integrated with Salesforce Pardot, the B2B marketing automation tool that aligns to the sales process that is used by Majesco to capture, nurture, engage and convert leads to opportunities through marketing initiatives. This redeployment is another fundamental change to Majesco’s systems and processes that furthers its digital transformation journey.

“We’re thrilled to have taken this next step as we work to reshape the future of insurance”, says Jim Miller, Chief Revenue Officer at Majesco. “This upgrade to the latest Sales Cloud technology directly aligns to our business model, supports our recent NetSuite implementation, and will be our single source of truth for all sales related data. We are committed to providing our customers with the best user experience possible and believe this revamped system will allow us to better understand and serve our customers.”

Sales Cloud is a unified module for all types of revenue-based business orders. It provides defined reports for all levels including management, business units, sales leadership and sales performance and enables the organization to track history of opportunities, communications, tasks, targets and reports.

“Majesco is committed to helping insurers transform with cloud insurance software that modernizes, innovates and propels them to the future of their business”, says Andrew Bearese, VP of Commercial Sales at Salesforce. “We are thrilled to have helped Majesco further their own digital transformation as it continues to deliver and build strong relationships with its customers.”

About Majesco

Majesco (NASDAQ: MJCO) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K, as amended by its Quarterly Reports on Form 10-Q.

Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: the adverse impact on economies around the world and our customers of the current COVID-19 pandemic; our ability to achieve increased market penetration for our product and service offerings and obtain new customers; our ability to raise future capital as needed; the growth prospects of the property & casualty and life & annuity insurance industry; the strength and potential of our technology platform and our ability to innovate and anticipate future customer needs; our ability to compete successfully against other providers and products; data privacy and cyber security risks; technological disruptions; our ability to successfully integrate our acquisitions and identify new acquisitions; the risk of loss of customers or strategic relationships; the success of our research and development investments; changes in economic conditions, political conditions and trade protection measures; regulatory and tax law changes; immigration risks; our ability to obtain, use or successfully integrate third-party licensed technology; key personnel risks; and litigation risks.

These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.