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NEWGEN Features Among the Top 200 at Red Herring Asia
2006
Red
Herring, a widely respected body for providing intelligent and
definitive insights into the future technology trends, included
Newgen among the top 200 technology companies in Asia. A number of
companies from Japan, South Korea, Australia, China, Taiwan,
Singapore, India and whole of Asia were in the race for the coveted
recognition. The top 200 were selected on various factors such as
financials, management, and overall strategic integration into the
marketplace. The recognition puts Newgen as one of the hottest
upcoming technology companies in Asia.
The
ceremony for honoring the winners was held in Hong Kong during Aug
28-30. Red Herring has been diligently identifying technology
companies that have changed the business landscape in America,
Europe and Asia.
Hareish
Gur, head of marketing, Newgen Software with Joel Dreyfuss,
editor-in-chief, Red Herring during the Red Herring Conference
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ABN AMRO:
Banking on NEWGEN CTS and BPM
Solution
NEWGEN
won an order from another major bank, ABN AMRO Bank (India) for its
CTS solution. Thus,
NEWGEN has truly established itself as a leading Cheque Truncation
solution provider in the Indian market.
ABN
AMRO wanted a suitable CTS solution, which would not only help the
bank to comply with the regulatory requirement but also be able
to seamlessly integrate with multiple back-end applications. In
addition, the bank wanted a solution to help in the automation of
Account Opening process and Private Client Help Desk
automation.
NEWGEN
proposed its CTS solution, for the bank’s cheque truncation
requirements and OmniFlow, OmniDocs and OmniReports for automation
of processes. NEWGEN successfully demonstrated the ease of
parameterized workflow for complying with the RBI CTS guidelines and
use of the same platform to demonstrate automation of Account
Opening and Private Client Help Desk
processes.
Among
the benefits, the solution would help the bank comply with
regulatory guidelines. In addition, high ROI is expected since the
same investment can distribute among various business groups by
providing them the BPM platform, which can be used for automation of
other processes.
NEWGEN’s expertise in
BFSI domain, integration capabilities with other standard
applications and ability to talk to other systems through MQ series
middleware also helped clinch the deal for
NEWGEN.
With
assets over US $504 billion and an AA credit rating, ABN AMRO Bank
features among the top 10 banks in the world in terms of strength
and size. Its international network consists of 3568 branches and
offices in over 320 cities and 76 countries and territories, with
over 100,000 highly qualified staff. ABN AMRO Bank (India) has an
eight-decade-long experience of the Indian business scenario. ABN
AMRO (India) has branches in 16 cities in India with each branch
servicing multi-product relationships.
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CTS
Implementation Starts at Karnataka Bank: December 31 Deadline
Getting Closer
With
the proposed RBI deadline of December 31, 2006 approaching fast, all
the banks are revving up the implementation of Cheque Truncation
solution.
As a part of its IT initiative
and RBI’s directive, Karnataka bank will introduce Cheque Truncation
System (CTS) at 16 branches in National Capital Region. Out of
these, 13 branches are in Delhi and one each in Noida, Gurgaon and
Faridabad.
A designated service branch,
employing ChequeFlow Professional, will handle the cheque clearing
for cheques deposited at all the branches in Delhi, whereas the
branches in Noida, Gurgaon and Faridabad, employing ChequeFlow Lite,
will independently handle the outward processing and clearing of the
cheques. Subsequently, it will be extended to other parts of the
country as per RBI stipulations.
Karnataka
Bank chose Newgen for the unique-solution approach, domain expertise
and exhaustive implementation experience in BFSI and ease of
solution deployment. The solution would be integrated with the core
banking system, Finacle, at Karnataka Bank.
The
CTS implementation is in line with the constant endeavor of the bank
to provide better services to the customer. The solution would
enable the bank to clear cheques extremely fast through a
streamlined process, thus bringing direct benefits to the customers.
CTS
is an image-based cheque clearing system, which replaces the
physical cheque flow with electronic information flow throughout
clearing cycle. NEWGEN offers ChequeFlow Professional for handling
high volume of cheques and ChequeFlow Lite for individual branches
handling smaller volumes of cheques. CTS offers pre-configured
workflow for inward and outward clearing, comprehensive archiving,
indexing and image-retrieval capabilities, flexible and easy-to-use
workflow designer and scanning facilities. In addition, it also
offers an interactive interface and comprehensive analysis and
report-generation capabilities.
Karnataka
Bank has over 82 years of experience in providing professional
banking services and quality customer services with a network in
excess of 398 branches, across 18 states and 2 Union Territories.
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Newgen
OmniReports Powers the Superior Performance at Tata Tele Services
Limited
Tata
Tele Services Limited (TTSL) has been using Newgen OmniReports to
centrally generate and store its inter-carrier billings and
inter-carrier vigilance reports. A central server, located in
Hyderabad, stores this data for all the 20 circles spread across
India in which TTSL operates.
In
order to meet SLA norms and TRAI guidelines, TTSL has to regularly
index the data stored at the central OmniReports server. With the
increase in volume of operations, the single OmniReports server was
proving inadequate as regular indexing was taking a large amount of
time. TTSL wanted a solution to quickly improve the performance of
its inter-carrier billings operations.
Newgen
provided the solution in form of another OmniReports server and
additional licenses for administrative users. The solution has not
only provided the necessary boost to the performance of the system
but also enables TTSL to keep complying with mandatory regulations.
TTSL
is part of the Tata Group, a conglomerate with revenues of
Rs.799,118 million (US$17.8 billion), that has 93 companies, over
2,15,000 employees and more than 2 million shareholders.
Incorporated in 1996, TTSL was the first company to launch CDMA
Mobile services in India starting with the Andhra Pradesh circle.
The company offers services under the brand name 'Tata Indicom' in
20 Indian circles, and has a rapidly growing customer base of over
2.68 million.
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Newgen Participates at NIC
Summit on e-Forms
As
a part of the e-Governance Standards initiatives, National
Informatics Centre (NIC) conducted a National Summit on ‘e-Forms for
e-Governance’, in June 2006.
The
summit emphasized the need to develop applications and solutions,
based on e-Forms, to capture structured data for workflow processes.
The summit provided presentations/discussions on topics such as
e-Forms accessibility, localization issues, integration with legacy
data, organizational structures for implementation of e-Forms, etc.
Among the technical aspects discussed were integration with standard
Web browsers, Security and Privacy, Data Capturing and Workflow
Automation, among others.
NEWGEN
was an active participant at the summit, demonstrating its
experience in delivering solutions on projects involving e-Forms.
Some of the key recommendations proposed by NEWGEN
were:
·
Allow
multiple standards that meet the minimum requirements of eForms for
healthy competition
·
XML-based
standards for data and document
interoperability
·
Presentation
layer to be exact replica of paper-based form
·
Server
side archival, Client side validation
·
Signatures/
Identity Management/ Security – PKI-based (with multiple signs)/
LDAP Services
·
Integration
capability to be provided through SOA
·
Multilingual
capabilities using Unicode support
With
its’ acknowledged and expertise in Workflow, BPM and Document
Management, NEWGEN is well positioned to develop and manage diverse
applications based on e-Forms.
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Soccer
Tournament |
Soccer Mania
Hits Corporate World: NEWGEN Participates in the
Tournament
A
five-a-side corporate soccer tournament was held in New Delhi from
July 29 to Aug 6. The event witnessed participation from 15
companies. NEWGEN participated for the first time in the tournament.
Registering impressive victories, NEWGEN made it to quarterfinals,
losing out to the eventual winners from GENPACT. NEWGEN received
letter of appreciation for the highest victory margin in a match, 8
– 0. Newgen scored 14 goals in the tournament.
Along
with the hustle bustle and rigors of regular corporate working, such
activities are a regular feature at NEWGEN. In addition, social
events, curricular activities, celebrations and other sports events
provide a platform to the employees for exercising their other
interest areas and create bonhomie among them.
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NEWGEN
Employees
Welfare Society
(NEWS) |
NEWGEN to Launch Welfare Program,
Sadbhavna
As
part of NEWS activities, NEWGEN is soon launching
Sadbhavna, a welfare program that would directly benefit its Class
IV employees. The groundwork for the success of the program has already
been done with information about their spouse, dependents and
children collected through face-to-face interview with each
employee.
NEWS
plans to make a special endeavor to reach out to the families and
help them with welfare schemes and health and education for their
children. Sincere and continuous efforts will be made to sensitize
them about the girl child and her welfare.
To
encourage maximum participation, the program will begin with a
painting competition for the children. The program will be formally
launched in September, during the festival-week organized by
NEWS.
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Recent
Press Releases:
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Newgen
Software’s OmniDocs Certified as ‘Red Hat
Ready’
Newgen Software
Technologies Ltd., a provider of Business Process Management
(BPM), Document Management (DM) and Imaging solutions,
announced that OmniDocs 3.5.4 R3, the latest version of its
flagship Document Management application, has successfully
completed "Red Hat Ready Certification" and has been
designated as "Red Hat Ready" for Red Hat Enterprise Linux 4
platform
IT News Online,
August 29, 2006
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Newgen
collaborates with SAP
Newgen
Software is collaborating with SAP India to integrate OmniFlow
with SAP on NetWeaver platform. The collaboration would
include integration of Newgen OmniFlow Suite 6.0 with SAP on
NetWeaver platform.
The Hindu
Business Line, August 29, 2006
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Driven
by innovation
With
the vision of bringing a revolution in the document management
and business process management business, Diwakar Nigam, MD of
Newgen Software Technologies, has introduced many innovative
products in this space. He says, “We entered the market very
early and are now enjoying the fruit of that early entrance.
The initial period of selling the product was a tough
challenge before us.”
Express Computer, August
21, 2006
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Indian
Software Products : Take-off
Ready
If
technology, finance and marketing are the three pillars on
which products rest, Indians mostly never had the vision that
all of them might be required to build a superstructure. That
spurned off many problems, begetting the anecdote of a country
that was the 'graveyard of innovative pilots';
a place
where most product companies never survived beyond their first
birthday. Hopefully, this
is now passé.
Dataquest, July 25,
2006
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GSFC
Automates Document
Management
with NEWGEN
In
a bid to transform their document centric processes from a
conventional paper based system to an advanced, easy to use
paperless structure, Gujarat State Fertilizers & Chemicals
Limited (GSFC) has deployed NEWGEN Software Technologies'
Document Management Solution (DMS). The OmniDocs document
management suite replaced GSFC's old manual way of handling
files and documents containing business critical information
and other data.
CXO
today, July 14, 2006
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Newgen
deploys DMS to automate
GSFC
''We
are happy to announce this implementation at GSFC which
required automating and integrating their business process.
Our DMS solution has enabled the company to streamline
documentcentric business processes, thus leading to better
productivity and faster decision making,'' Newgen Software
Technologies Diwakar Nigam said.
WEB
INDIA 123.com, July 12, 2006 |
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About
Newgen
Newgen Software Technologies
Limited, a leader in the space of Business Process Management (BPM),
Document Management (DM), Workflow and Imaging, is amongst the top 10
Software Product Companies in India.
NEWGEN bagged the prestigious
“Distinguished Application Product Company” award at the Product Summit
2005 hosted by National Association of Software and Service Companies (NASSCOM) and Indian Institute of Management Bangalore
(IIMB).
NEWGEN started in 1992 is
headquartered in New Delhi. It has four software development centers -
three in New Delhi and one in Chennai, and five regional Sales and Support
offices in India. NEWGEN also has a wholly owned subsidiary Newgen
Software Inc. in USA located in McLean, Virginia.
NEWGEN has to its credit over
600 customer installations worldwide with representation in over 20
countries across the globe. NEWGEN enterprise software solutions allow
customers to build and sustain competitive advantage by managing content
throughout their organization, automating and streamlining their business
processes, and simplifying their critical and everyday decision-making.
The company caters to customers
in India and overseas in diverse areas like Banking & Financial
Services, Insurance, Telecom, BPOs/Shared Service Centres, Manufacturing,
Government and Airlines.
NEWGEN employs more than 600
people. The company has more than 3,500 ‘man years’ of experience, with
over US $25-million investment in developing software products for
Business Process Management (BPM).
NEWGEN product suite comprising
of OmniFlow, OmniDocs, OmniReports, OmniCapture and OmniExtract is one of
the most comprehensive, flexible and scalable product suites in the area
of BPM. SmartStatements, ChequeFlow and Compliance Manager are the
state-of-the-art solutions developed by NEWGEN on the Newgen BPM
platform.
NEWGEN is an ISO 9001:2000 and
CMM level 4 company.
Website:
www.newgensoft.com
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