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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 was a time-intensive activity.
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 enquiries and investigation. The Newgen solution supports search on defined indices and wildcard.
The bank has now access to reports on ‘need to know’ basis. The rule-based archival is also in line with the bank’s policies. In addition, compressed storage saves space and resources along with reduction in printing costs.
The bank is India's largest commercial bank, and has more than 14000 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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