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| Solutions For Business Process & Content Management |
March/April 2007
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Newgen Software has been helping organizations achieve operational efficiency and improved productivity streamlining their operations and processes. Recently, Newgen Software successfully implemented its Check Clearance solutions, Check Truncation SystemTM at a leading bank in UAE. The bank has an extensive distribution network to serve its customers. Its primary business includes tailor-made services to both corporate and retail customers. The mandate from Central Bank of the UAE obligating all the banks to adopt electronic check clearance system resulted in the bank seeking a proven, best-of-breed, image-based check clearance system, which it found in Newgen Check Truncation System.
Newgen solution has been implemented for both inward clearing and outward clearing and integrated with the bank’s core banking system. The solution streamlines the process of check clearing at the bank, enables better customer service through quicker reconciliation, reduces operational costs, provides enhanced operational flexibility and productivity, and offers better fraud prevention.
Continuing with its fantastic run in Indian and International market, Newgen won new clients and consolidated its position with existing clients by bagging further orders from them, while the honors and appreciation kept rolling in. Newgen Software created history by bagging mother-of-all projects from India’s biggest life insurance company through HP India. Another win had a fast emerging African bank, Ecobank, placing the order for process standardization and centralization across multiple locations spanning various countries. In addition, Newgen Software successfully implemented Report Archival and Retrieval System in the biggest bank in India. Newgen Software also featured in the prestigious list of Top 100 innovators in India by NASSCOM.
In other recent news, Newgen OmniCaptureTM has been rechristened as OmniScanTM and OmniScan CenterTM.
To know more, read on…
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One of the World’s Largest EDMS Deployments in Partnership with HP
Newgen Software recently won a highly prestigious Enterprise Document Management System (EDMS) implementation order from India’s biggest Life Insurance company through HP India.
The project involves complete digitization of administrative files and records for existing as well as new customers over the next 8 years. Digitization would help the company in faster service delivery to its customers, as customers’ records will be available on-line 24x7. Also, it will eliminate risks of record loss/damage due to natural disasters and accidents, as the records will be archived in digital form.
Leveraging IT, the company has been at the forefront of building continuous excellence in its operations. This project is a big step in that direction. With a customer base of 190 million, this is one of the largest digitization projects in world till date.
Newgen Software would provide OmniScanTM, the bulk scanning solution, for scanning of various forms and records; and OmniDocsTM, the Enterprise Document Management System, for managing and storing the scanned forms. The implementation would cover all the 2100 offices of the company across the country. The order is among the largest orders for Newgen Software, and the implementation shall be done in phases over the next few years. The project will be flagged off with a pilot implementation in Mumbai followed by implementation in metros and large city divisions.
The company is the biggest life insurance company in India. The company offers a number of products under Insurance Plans, Pension Plans, Unit Plans, and Group Schemes, in addition to the other categories. Today, the company functions with 2100+ fully computerized branch offices, 100 divisional offices, 7 zonal offices and the Corporate office. |
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Newgen Software Bags The Ecobank Deal
Newgen Software recently bagged a prestigious deal with a leading African bank, Ecobank, which aims to become an example of “One Bank” concept in Africa. In accordance with its dynamic strategy to reach new countries, the bank needed scalable operations with company-wide licensing. This would enable the movement of licenses from one place to another within the bank as per the business need. As the affiliates operate in various local languages such as French, Portuguese, Spanish and English, there was lack of process standardization and centralization across the bank.
Newgen’s Business Process Management suite comprising OmniFlowTM Enterprise server, OmniDocsTM Enterprise server. OmniCaptureTM and RMS server to centralize the various processes across 13 countries. The system is installed centrally in Accra, Ghana, with backup servers in Nigeria and Togo. The bank's more than 4000 users are connected to the system via satellite on Web, and are able to work on the processes in the country-specific local language.
Newgen Software and the bank, in six months time, would automate four processes - Accounts Services, Expense Approval, Loans Processing, and Funds and Payment Processing.
Centralization of processes at one single location would result in better monitoring and reduced operating cost. Standardization of processes across countries would lead to creation of common SLAs and slashed turnaround time. Localization of processes would ease the working for back-office staff. Flexibility to add/change affiliates and users within a short time would help in keeping pace with the changing business dynamics.
Ecobank is a private sector bank operative in 13 countries of West and Central Africa. With its existing 92 subsidiaries across these countries, it aims to reach 23 countries in the coming years.
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Newgen Software Implements Report Archival and Retrieval System in the Biggest Bank in India
Newgen Software successfully implemented Report Archival and Retrieval System in the biggest bank in India in partnership with a leading Indian software company. The solution is based on Newgen OmniReportsTM.
The bank generates 500 types of reports everyday. The total monthly output is upto 200 GB and would reach 500 GB in near future. All reports are uploaded to branches through FTP. The reports for last three years were not archived leading to huge consumption of storage space and increase in backup time on production systems. Retrieval of old reports, too, was time intensive.
The Newgen solution optimizes the availability of reports to branches by enabling browser-based access. Customer account statements can be printed directly from branches. End users are able to use data contained in reports for inquiries and investigation. The Newgen solution supports search on defined indices, wildcard search and complex search.
The bank has now access to reports on ‘need to know’ basis. Also, the rule-based archival is in line with the bank’s policies. In addition, compressed storage saves space and resources and printing costs are also minimized.
The bank is India's largest commercial bank, and has more than 9000 branches spread all across India. It offers merchant banking services, fund management, primary dealership in government securities, credit cards and insurance. The bank has global presence across 31 countries. |
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Newgen Software Features in NASSCOM’s Top 100 Innovators
NASSCOM recently published a list of 100 IT innovators to honor those Indian IT companies that have, through their innovations, continuously added to the improvement of the Indian business scenario. In appreciation of its constant innovations, latest of which is the image-based check clearing solution, Check Truncation SystemTM, Newgen Software received the honor of being profiled in the prestigious book for 2007. Such recognition by the industry gives Newgen Software the impetus to strive to exceed the expectations of its clients and provide better services by fostering continuous innovation.
The National Association of Software and Services Companies (NASSCOM) is the premier trade body and the chamber of commerce of the IT software and services industry in India.
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OmniCaptureTM is Now OmniScanTM
With effect from 1st April 2007, the two variants of OmniCaptureTM have been re-named as OmniScanTM and OmniScan CenterTM. OmniScanTM will be available in three flavors: OmniScanTM Low Volume, OmniScanTM Mid Volume, and OmniScanTM High Volume. OmniScan CenterTM is a product for centralized scanning with built-in scanning workflow features for multiple users. A combination of Scan Stations and Workstations is required to scan, index and release documents through separate desktops.
There is no change in the functionality of the new products vis-a-vis the earlier product. Going forward, both the products will remain completely backward compatible in functionality and features.
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In This Issue |
About Newgen |
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Newgen Software Technologies Limited is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM) More...
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Newgen Software gears up to tap EMEA Banking Market
Newgen Software Technologies Limited has bagged contracts from seven banks in the United Arab Emirates. Newgen will deploy its solution Cheque Truncation System (CTS) to make the cheque clearing process more efficient by introducing a secured cheque clearing system at the banks. Newgen Software has experienced growth of over 100 per cent year-on-year, and has been adding new customers in the Middle East and Africa.
varindia.com, March 29, 2007
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Integration is the word for DMS
Newgen Software provide end-to-end enterprise solutions using workflow and Imaging technologies. The company has implemented its flagship DMS solution, OmniDocs, for a number of Indian and international clients across verticals. OmniDocs, the flagship product from the Newgen stable, is a multi-tiered, platform independent solution built using server-side Java and J2EE technologies. NewGen’s Document Management System works in combination with workflow management.
expresscomputeronline.com, March 26, 2007
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CELENT Recognizes NEWGEN Software as a Global Document Management Company in the Banking Sector
NEWGEN Software, a leader in the field of Business Process Management (BPM), Enterprise Content Management (ECM) based on workflow and imaging, has been recognized as a "significant player" in the Document Handling segment globally, by CELENT in its recent report "Document Management in Banking: Overview and Solution Spectrum." CELENT is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies.
biz.yahoo.com, March 16, 2007
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Newgen Software to Tap West Asia
Newgen, with its deep domain knowledge and commitment, is all set to capture the west asia banking market with its end to end BPM solutions. Speaking about the company's recent wins in EMEA market, Managing Director Mr. Diwakar Nigam said, it has bagged contracts worth over $1 million for deploying Cheque Truncation System (CTS) on the BPM platform.
thehindubusinessline.com, March 16, 2007
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Moving Up Quick and Steady
Newgen Software Technologies Ltd, a leading player in the business process management and document management space is known for tailor made software solutions across industry verticals. Established in 1992, the company is committed towards offering the best possible products and solutions in terms of quality and aims to fulfill customer demand by exceeding requirements
Expresscomputeronline.com, February 23, 2007
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Abu Dhabi Bank Picks Newgen Solution
Newgen Software Technologies Ltd has implemented its Cheque Truncation System (CTS) solution at Abu Dhabi Commercial Bank. The solution helps the bank in shortening its clearing cycles and provides centralized image archival system for operational efficiency. Newgen will also deploy its business process management (BPM) solution to automate processes at the bank.
efytimes.com, February 23, 2007
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About Newgen Newgen Software Technologies Limited is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with impeccable track record of implementing mission-critical Workflow and Document Imaging solutions.
We have global footprints with an installation base of more than 700 customers in over 25 countries. More than 40 of our customers are Global Fortune 500 companies.
Having domain expertise in Industry verticals such as Banking, Financial Services, Insurance, BPO, Telecom, e-Governance and Manufacturing among others, we are known as one of the fastest implementers of BPM solutions in the world.
Our Sales & Support offices span across major cities in Asia, North America, Europe, Africa and the Middle East.
Winner of several awards such as “Frost and Sullivan’s Market Leadership Award for Document Management and Workflow Software & Services for 2006” and “Distinguished Application Product Company” by NASSCOM, Newgen Software is an ISO 9001:2000 certified and CMM Level 4 company.
Website:
www.newgensoft.com
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The information
presented here is internal to Newgen Software
Technologies Limited.
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Copyright ©
2007 Newgen Software Technologies Limited.
All rights reserved.
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