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With the financial year ending,
NEWGEN has once again re-enforced its leadership position in the BPM and
DMS space both in the national and international markets.
NEWGEN has strategically moved into
emerging markets, cutting across verticals with new products and new
versions of the existing ones. There is no denying that NEWGEN is on a
fast track to value creation as a top software product company from
India.
In the month of March, NEWGEN
was a gold sponsor at the Core Banking seminar in Singapore. The event
was attended by top banking experts from the international banking
community.
At the Fujitsu road show in
Philippines, Newgen was recognized as a critical partner.
A Senior Executive for Software
Support at Newgen Software Technologies, made an interesting
presentation. “Our integrated
content management solution combines the ability to capture, index and
store information with a scalable
workflow product that enables automation of organizational business
processes. It eases the creation, deployment, modification, and
management of business processes, no matter how complex, with little or
no programming effort whatsoever.” (an excerpt)
The Office of Omudsman,
Philippines, selected NEWGEN BPM solution to bring about transparency in
their everyday work. The World Bank has funded the e-governance project.
NEWGEN closed the month with
some other great wins in the APAC region - Lippo Bank, Indonesia, Government
Housing Bank, Bangkok, and Bureau of Customs, Philippines.
NEWGEN recently won the order
to implement its CTS solution in the prestigious government-owned Indian
Bank. NEWGEN also bagged an order from First India Credit to automate its
core processes using NEWGEN BPM Suite.
For more details, read
on…
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Office of Ombudsman,
Philippines Turns to NEWGEN solution for More Effective Governance
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Lippo Bank selects Document and
Record Management Solution from NEWGEN
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Government
Housing Bank, Thailand homes in on NEWGEN Solution
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Bureau
of Customs, Philippines Ropes in NEWGEN Solution
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NEWGEN
to Implement its BPM Solution at First India Credit
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NEWGEN
to Implement CTS solution at Indian Bank
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Recent
Press Releases
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About Newgen
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Office
of Ombudsman, Philippines Turns to NEWGEN solution for More Effective
Governance
Office
of Ombudsman recently chose NEWGEN to automate its Case Management System and
Tax Management System. Interestingly, the World Bank is funding the
project.
NEWGEN
proposed an image-enabled complete workflow solution for efficient document
tracking, retrieval and archival. The BPM solution consists of OmniFlow,
OmniDocs, OmniCapture, OmniExtract and TP.
The
Workflow solution would enable Office of Ombudsman to efficiently and
quickly execute its processes and expedite the addressal of public
grievances.
Like
most of the legacy government enterprises, the Office of Ombudsman was faced
with problems of unmanaged documents/files and difficulty in tracking and
retrieving these documents when needed.
The
Office of the Ombudsman has been established to monitor the general and
specific performance of government officials and employees in effectively
and honestly carrying out their duties. It acts as a watchguard against the
misuse of government power and acts as a problem redressal forum of the
common people in dealing with government departments. The Office of the
Ombudsman is responsible for the following five major functions: Public
Assistance, Graft Prevention, Investigation, Prosecution and Administrative
Adjudication.
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Lippo
Bank selects Document and Record Management Solution from NEWGEN
Lippo Bank,
based out of Indonesia, decided to implement NEWGEN solution for
Image-Enabled Business Process, a new initiative in loan business, in order
to boost its growth. For this, Lippo Bank went in for an End-to-End Loan
Business Solution that would help Lippo Bank to execute its plan
effectively. Besides, there was also a requirement for record management
activities across the regional branches and head office of Lippo Bank.
NEWGEN
has provided its enterprise DMS, OmniDocs for Document Management and Records
Management System (RMS) for handling records at Lippo Bank.
By
implementing NEWGEN solution, Lippo Bank is expected to cut down the
operating cost per transaction and reduce paper-based processing and the
process turn around time. Records Management System will help in the
efficient management of branches. By achieving continuous improvement in
business processes and operating performances through NEWGEN solution,
Lippo bank is expected to gain competitive edge over its competitors.
With
the vision of becoming the number one service provider for funding,
clearing and payment intermediary, the Bank's network has quickly grown
from 30 branches in 1989, to 396 branches in 2004, that are located in 120
cities throughout Indonesia. Presently, Lippo Bank, provides a
"one-stop" banking services, in retail, consumer and commercial
segments, international products and attractive investment instruments for
its individual and corporate customers, with the total of more than 2.9
million accounts.
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Government Housing Bank, Thailand homes in on NEWGEN Solution
NEWGEN
bagged an order to image enable the Customer Relationship Management (CRM)
system, Finacle, at Government Housing Board, Thailand.
The
bank’s focus area is providing home loans to people. In order to reduce the
turnaround time and provide prompt and efficient services to the consumer,
the bank decided to image enable its CRM system, Finacle, using NEWGEN DMS
solution, comprising of OmniCapture and OmniDocs. The solution will
facilitate faster responses across the loan-approval workflow.
By
implementing the solution, the bank aims to significantly reduce the
turnaround time for home loan approvals.
The
solution will be implemented on Unix-based machines.
Government
Housing Bank (GHB), a financial institution operational under the Ministry
of Finance, has been helping people, for more than 50 years, realize their
dream of their own home. The bank currently has 107 branches.
The
bank's primary objective is providing housing finance for Thai citizens,
especially for borrowers in the low-and-medium income groups.
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Bureau
of Customs, Philippines Ropes in NEWGEN Solution
NEWGEN
won an order from Bureau of Customs (BOC), in Philippines, to
provide the Imaging and Document Management capabilities for their portal
that is currently under development and also for their Legal Management and
Case Tracking system, under development by a leading system integrator.
Once the solution is implemented, Documents can be accessed over the
Internet. The NEWGEN Solution consists of OmniCapture and OmniDocs (DMS).
The major
functions of BOC are to prevent smuggling and other frauds. The Bureau
controls vessels/aircrafts doing foreign trade, enforces tariff and customs
laws, controls the handling of foreign mails, for revenues and prevention
purposes, controls import and export cargoes, and has jurisdiction over
forfeiture, and seizure cases.
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First India Credit
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NEWGEN
to Implement its BPM Solution at First India Credit
NEWGEN
bagged an order from First India Credit (FIC) to automate its core
processes such as Loan Disbursement and Loan Account Maintenance among
others. In addition, several peripheral processes such as Prospect Tracking
and Collections will also be automated.
The
NEWGEN BMP suite, consisting of OmniFlow, OmniDocs and OmniCapture will
help in automating the core processes. Customer applications and associated
documents will be collected and scanned at various branches and processed
centrally where they will be stored in OmniDocs repository and introduced
into the workflow. The solution will also provide integration with core
application already running at FIC.
A
separate application has also been developed for them on top of OmniFlow to
be used by the front-end sales persons for tracking various prospective
clients and by State/Regional/Head offices to monitor sales efficiency.
By
implementing the solution from NEWGEN, FIC expects to have better control
over its processes, cut down turnaround time and obtain a competitive edge
over established players in the market.
FIC is a
joint venture between Asian Financial Holdings, Singapore and ICICI bank,
India. FIC is starting their operations in India as a Non Banking Financial
Company (NBFC) and has plans to roll out 700 branches by the end of 2007.
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NEWGEN
to Implement CTS solution at Indian Bank
NEWGEN recently
won the order to implement its CTS solution in the prestigious
government-owned, Indian Bank. The solution will be implemented at its
regional branches, in Delhi. The solution will interface with FNS, the core
banking system, at Indian Bank.
Indian
Bank is a 98-year old bank with strength of more than 22,000 people and
1385 branches all over India. The bank also has presence in Singapore and
Colombo. It has been a leader in rural development, with a number of
schemes launched to meet various credit schemes of farmers. It has 3
subsidiaries for diversified banking activities. The bank has been an early
adopter of technology and the current implementation of CTS, is a further
step, towards better banking using technology.
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Recent Press
Releases:
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Newgen
bags BoB order
Delhi-based
business process management company Newgen Software Technologies Ltd today
announced that it has bagged an order from Hewlett Packard (HP) for Bank
of Baroda to automate its retail and trade finance processes across
Regional Processing Centres. The order would help the bank reduce
paper-based processing and turnaround time in the banking
processes.
The Hindu
Business Line, March 11, 2006
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Newgen
Tech bags order from HP
Newgen
Software Technologies on Thursday said it has bagged an order from
Hewlett Packard to automate Bank of Baroda's retail and trade finance
processes across its regional processing centres. The Newgen products -
OmniFlow and OmniDocs - would reduce the paper-based processing and
turnaround time in banking processes, the company said in a release.
The Economic
Times, March 10, 2006
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Bank Of
Baroda Deploys NEWGEN Solutions
NEWGEN
Software Technologies Limited, a provider of software applications for
Document Management (DM), imaging, and workflow automation has bagged an
order from HP to automate Bank of Baroda's Retail and Trade Finance processes
across Regional Processing Centers (RPCs).
CXO Today, March 10, 2006
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Newgen to
Automate Bank of Baroda's Retail, Trade Finance Processes
Newgen's
solution will automate trade finance processes along with retail
processes like Personal/Housing loans, Account Opening (Retail and
Corporate) and Credit Card Account Opening.
IT
News Online, March 9, 2006
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Newgen
Automates Processes In Bank Of Baroda
Speaking
on the occasion, Diwakar Nigam, managing director, Newgen Software
Technologies said, "Newgen's solution would reduce paper-based
processing and also enable the bank to become more competitive by
delivering Service Level Agreements (SLAs) to its customers."
EFY
Times, March 9, 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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