Image Enablement for i-flex’s Banking Solution in Taiwan

i-flex solutions chose to integrate Newgen OmniDocs^TM, our enterprise Document Management System, with i-flex’s banking solution being implemented at a leading bank in Taiwan.

By integrating Newgen system with its banking solution, i-flex expects to cut down the operating cost per transaction, reduce paper-based processing, and improve the process turn around time for the bank’s operations.

Newgen solution consists of OmniDocs^TM, OmniCapture^TM, Application Connector and custom utilities.

Newgen OmniDocs^TM and OmniCapture^TM would form an important part of the i-flex solution, and would be used to image-enable various business processes, such as loans and trade process of the bank. This involves integrating Newgen OmniDocs^TM with the i-flex solution, which will be used by the central operation division of the bank for loans and trade pre-processing. All the documents used for pre-approvals would be scanned, indexed and archived into OmniDocs^TM. Documents are scanned at the point of receipt and stored by associating a 2D barcode and a unique id with it.

This is the first time that Newgen Software and i–flex have teamed up together to offer a bundled solution to a customer. The association is the first step for Newgen and i-flex to offer solutions, which leverage their best-of-breed solutions. Also, with this implementation, Newgen Software continues to establish a strong presence in Taiwan. i-flex solutions is a world leader in providing IT solutions to the financial services industry, with more than 720 customers in over 120 countries. Its range of products, custom solutions and consulting services enable financial institutions to cut costs and respond rapidly to market needs.

The Taiwanese bank’s principal activities are to provide banking and financial services that include accepting deposits, providing loans, performing guarantee and trust activities, and selling of government and corporate bonds and other approved central authority handling activities.

Newgen Software Participates at the IT Fair in Maldives

An IT fair was recently organized in Maldives. A number of IT solutions and services companies participated at the event, which provided a panoramic view of opportunities present in diverse areas in the Maldives market.

In addition to interest from banks and companies in Telecom, Construction and Financial Services, a large number of government departments and offices showed keen interest in Newgen solutions. Defence, Judiciary and Audit departments in Maldives evinced keenness to explore how Newgen’s BPM and DMS solutions have helped government departments around the globe address productivity, efficiency and cost-cutting issues.

The fair was organized from January 26-28 in Maldives. Maxcom represents Newgen as a business partner in Maldives.

Newgen Software Forges Partnerships for Fast Growth in the China Region

In November 2006, Newgen Software entered into partnership with SinoSoft. The two software product companies from India and China shall be co-operating to provide solutions, which offer a number of business benefits to government and telecom organisations and other corporates in China by offering BPM-enabled solutions and products.

In January 2007, Newgen Software signed an agreement with Yindusoft, a software and services company in the Asia Pacific region, to jointly offer workflow and document management software solutions to the manufacturing sector in Taiwan.

Newgen Software envisages the China region as vital to its future growth plans, and has demonstrated this by becoming the first Indian company to develop a Unicode (a Microsoft-supported standard for multilingual support in software) Chinese version of OmniDocs^TM and OmniFlow^TM.

With a number of implementations across verticals such as BFSI, Manufacturing, eGov and Telecom during the last year, Newgen Software has established a strong presence in China and Taiwan. Our partners have been instrumental in our successful implementations.

After demonstrating its continued market leadership in BPM and ECM market, Newgen Software is also emerging as a preferred vendor from India for Software Engineering Services. The Website, www.newgen.net, showcases Newgen Software’s expertise in providing Software Engineering services, types of services offered, our HR practices, customer case studies and much more.

In addition to providing exact-fit solutions to leading organizations across the world using our cutting-edge-technology products, Newgen Software also has a rich experience of over 14 years in managing product life cycles for some of the Global Fortune 500 organizations. Newgen Software has managed product lifecycles for internal and external products, delivering results on time and within budget.

Newgen Software offers Software Engineering Services for Enterprise Software Product companies as well as Packaged Software Product companies. We provide entire spectrum of services that encompass product strategy and conceptualization, new product development, product maintenance and support, product enhancements and extensions, testing and quality assurance, and migration and porting, among others.

Newgen Software employs appropriate delivery model to minimize time to market and maximize the ROI. Another differentiating factor is the quality of human resources at Newgen. We are a company of choice for many graduates of top Engineering and Business schools.

For more details, please visit the Website www.newgen.net.

From the time Reserve Bank of India announced the mandatory implementation of Check Truncation for all the banks in India, Newgen Software has clearly emerged out as the market leader in India for providing image-based Check Truncation solution.

With CheckFlow^TM, Newgen Software has been successful in getting orders from a number of banks such as Abu Dhabi Commercial bank, ABN AMRO, HSBC, Bank of America, Mashreq Bank, Bank of Nova Scotia, RAK Bank, Bank of Baroda, Indian Bank, ING Vysya, Andhra Bank, Karnataka Bank, Kotak Mahindra Bank, Yes Bank, United Arab Bank, United Bank Limited, United Western Bank, Janata Bank, Kangra Cooperative Bank and Bombay Mercantile Co-op Bank.

Newgen Software has achieved this success in spite of competition from several established international vendors. Some of the reasons for this success are Newgen Software’s unique advantage of BPM-enabled Check Truncation solution, unparalleled flexibility and ability to integrate any check scanner with a hardware-agnostic approach.

Buoyed by the success in both Indian and the Middle East markets, Newgen Software is planning to foray into upcoming Check Truncation markets like APAC countries.