You are herePress Release / enherent Announces Partnership with MJM to Provide Customers With Improved Fraud Detection Processes Using Text Analytics
enherent Announces Partnership with MJM to Provide Customers With Improved Fraud Detection Processes Using Text Analytics
FOR IMMEDIATE RELEASE
Text analytics delivers considerable business insight and value by automating the analysis of text and its integration with traditional forms of structured data. It significantly reduces the amount of time analysts spend searching, reading and organizing, allowing them to spend more time analyzing and collaborating on the results of their analysis.
MJM brings considerable industry expertise; while enherent will contribute its text analytics expertise and other advanced analytic capabilities. enherent uses text analytics software to rapidly deliver high ROI solutions for fraud detection. The solutions are targeted at a number of insurance industry segments including workers’ compensation, property and casualty (P&C) and health care.
“We look forward to providing MJM’s customers with advanced fraud detection capabilities using text analytics.” said Pamela Fredette, Chairman and CEO of enherent. “Rapid ROI in the form of reduced fraudulent payout, lower administrative costs, and timeliness of claim handling is delivered by leveraging text to more accurately identify fraud. We believe this partnership represents an excellent financial opportunity for both parties.”
“We’re very excited to offer our clients a solution that detects fraud with improved accuracy - faster and earlier in the claim process,” said Michael J. Malone, President of MJM. “Our clients will realize business value in weeks instead of months, with significant bottom line impact.”
About enherent
enherent is an IT consulting services firm delivering advanced analytics & collaboration, enterprise content management and infrastructure solutions to enterprise and mid-market organizations. Our solutions enable clients to create, contribute, understand and transform structured and unstructured data into actionable intelligence to enhance decision making and innovation that create competitive advantage.
About MJM, Inc.
MJM Inc., headquartered in
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on certain assumptions and analyses made by the Company derived from its experience and perceptions. Actual results and developments may vary materially from those described because they are subject to a number of known and unknown risks and uncertainties. Such risks and uncertainties include, but are not limited to, future demand for the Company's services; general economic, market and business conditions; the Company’s ability to increase the amount of services rendered to existing clients and develop new clients and reduce costs of providing services; the Company’s ability to recruit and retain IT professionals; and various other factors discussed in the Company's filings with the Securities and Exchange Commission including those set forth under Item 1A of the Company's most recent Form 10-K. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
CONTACT INFORMATION:
Frank Diana
enherent Corp.
fdiana@enherentcorp.com
(732) 603-3859