Newgen Software Participates in Gartner Business Process Management Summit 2009
Newgen Software Technologies Limited, a leader in the field of Business Process Management (BPM) and Document Management System (DMS) today announced that it is participating as a sponsor in the Gartner BPM Summit, in Orlando.
As a sponsor of the event, Newgen will get an opportunity to showcase its end to end BPM suite and highlight its product compatibility on all platforms at competitively lower price and rapid implementation.
Commenting on Newgen’s participation in the summit Mr. Diwakar Nigam - Managing Director, Newgen Software, said “Gartner BPM Summit is a great platform which brings the BPM thought leaders and real life practitioners together for three days. The summit fosters discussion on how companies can align business strategy and IT to maximize operational agility, providing new opportunities to expand revenue and productivity.”
Earlier this year, Newgen Software was included as a sample vendor in the *Gartner Hype Cycle for Business Process Management, 2009. Also, the case study of one of the prestigious clients, ‘Max New York Life Insurance’, nominated by Newgen has emerged as one of the finalists for BPM Excellence Award, recently.
Newgen Software provides end-to-end BPM and ECM solutions to various industry verticals like Business Process Outsourcing, Shared Service Centers, Banking, Financial Services, Insurance, Telecom, Manufacturing, Government and Defense.
About BPM Gartner Summit
The Gartner Business Process Management Summit 2009 is designed for professionals who have a stake in operational excellence. It promises to showcase great collection of forward-thinking ideas about the reality of emerging Business Process Management. It further aims to deliver inputs on developing a plan for organizing and staffing a process-centric organization. The Summit also highlights various ways to apply BPM for process improvement and cultural transformation. Moreover, it imparts a deeper understanding of the BPM standards and practices that will work for your business.
* Gartner Inc., Hype Cycle for Business Process Management, 2009, Publication Date: 20 July 2009 by Michele Cantara et al.
About the Hype Cycle
The Hype Cycle is copyrighted 2009 by Gartner, Inc. and/its affiliates and is reused with permission. Hype Cycles are graphical representations of the relative maturity of technologies, IT methodologies and management disciplines. They are intended solely as a research tool, and not as a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
To Download Gartner Event Related Documents, Click Here
Newgen participated in the CII 12th Insurance Summit 2009
Newgen participated in the CII 12th Insurance Summit 2009. In order to take stock of the developments in the Insurance domain, deliberate the key issues and challenges that are hampering the growth of the sector and to develop a road map for the future, CII organized the 12th Insurance Summit on 18th September 2009, at the Regal Room, Hotel Trident, Nariman Point, Mumbai.
CII's 12th Insurance Summit took the year 2009 as a special significant year as 2009 marks the completion of a decade since liberalization of the insurance industry in the year 1999. There were a number of experts from the Insurance sector that came together and tried to understand, how the business solutions for the new product introduction, policy administration, claims processing, distribution and channel management, etc. can help and enhance the overall growth of an organization.
12th Annual Asian Shared Services and Outsourcing Week
The 12th Annual Asian Shared Services and Outsourcing Week were organized at The Ritz Carlton Hotel, Singapore on 8th September 2009. Newgen actively participated in this event. The main objective of the event was to highlight the services that have transformed and grown by achieving the latest developments in Finance, HR and IT shared services. The event also provided answers to the queries on outsourcing and future trends on near- and off-shoring.
The Heads of various Shared Services like Finance, HR, IT and BPO came together at the event and shared the latest innovations and developments in the Shared Services and Outsourcing arena in Asia. Some of the other interesting agendas included cash-flow management and financial governance of the SSO, outsourcing vs. in-sourcing opportunities in Asia followed by queries on how the Local Asian companies can achieve the best practices in setting up the Shared Service Centers.
Leading Banks of Bangladesh uses Electronic Fund Transfer System by Newgen
Newgen Software Technologies Limited introduced the Electronic Fund Transfer (EFT) system to Bangladesh for the issuance of Magnetic Ink Character Recognition (MICR) coded chequebooks used by the banks.
Newgen, a global market leader in the field of Business Process Management (BPM) and Document Management System (DMS) introduced the EFT system at one of the road shows organized for the purpose.
Newgen, a Delhi-based software company and a local firm Tech Valley Computers Limited organized the program. Senior Vice President of Newgen, stated that every business process benefits from the facility of automated payment processes. Moreover, the expenses are reduced and the business process is governed by an overall increase in the operational efficiency.
Mr. Jain also added "The EFT can clear up many problems faced by the banks while processing the cheques." The statement was further acknowledged by the fact that the accounts-payable payment process is often tedious and time-consuming. It is mostly a paper-based system resulting in costly process cycles for the employees, managers and accounts payable personnel.
Mr. Jain continued by emphasizing that Newgen has already introduced EFT in many banks at different geographical locations. For example, India, Saudi Arabia and United Arab Emirates. Some of the banks in Ghana and Kenya are also in the pipeline of accepting the EFT system.
"Once implemented, the system will add value to the operational aspect of the banks. During one of the presentations, " Mr. Sajal Dubey, an Engagement Manager at Newgen, said that EFT uses computers and electronic technology as a substitute for all the paper-based transactions.
"EFT is a system of directly transferring the money from one bank account to the other without any paper money changing hands." The presenter also highlighted the benefits of the EFT system. The benefits include the maker-checker concept used at every stage, real-time integration with the banking application, maintenance of the standing instruction, better and faster response to the customer queries and a comprehensive audit trail system.
Newgen is a leading provider of Business Process Management (BPM) and Document Management System (DMS) solutions including the workflow automation, document management, imaging, report archival and distribution.
Mr. Devender Singh, an Engagement Manager at Newgen, told that Newgen sincerely hoped to convince several Bangladeshi banks to adopt the valuable services provided by the organization. Mr. Singh added that a total of 30 banks including 18 from India, six from United Arab Emirates, two from Saudi Arabia are successfully operating and benefiting from the EFT system.
Newgen, founded in 1992, is the market leader in BPM and DMS with a global footprint of about 750 installations in over 35 countries. A distinguished analyst firm, IDC, also recognizes it by stating that "Newgen Software: Global Leader in Business Process Management and Document Management Solutions."
Mr. Singh said that with HSBC and SAP investment, Newgen is one of the companies to have the support of both the leading financial and technology companies of the world.
Md. Mahfuz Ali Sohel, the Chairman of Tech Valley Computers Limited, was also amongst the various speakers. The senior officials of Newgen, Tech Valley Computers Limited, representatives from the Bangladeshi Banks and other banks were also present on the occasion.
2nd Banking, Finance and Technology Forum
The 2nd Banking, Finance and Technology Forum were recently organized at the Taj Lands End, Mumbai on 18th-19th June 2009. The main theme of the forum was Going Global - International Competitiveness through Technology. The main objectives of the forum were to identify and organize different opinions and ideas with respect to the banking and insurance sector.
The forum discussions included Aligning IT and Business Strategy, Winning in the New Reality with SAP, Technology as a facilitator, and Survive the competitive global marketplace - CEO's 2009 agenda for growth.
The organizations met, contributed and shared various aspects related to the banking and insurance industries. The focus was to realize and appreciate the key drivers of growth in the banking and insurance industry for the next few years. The discussion also included understanding the perceived impact of deregulation on the banks; accepting the key issues faced in the industry, prioritizing the key technology related issues, FDI in the insurance sector, Global Credit and Liquidity, Lack of financing available to the end-users, building confidence between the BFSI Sector and the Industry.
The forum witnessed the presence of several organizations. Some of the organizations that participated actively include BT India, HDFC Bank, Axis Bank, ICICI Prudential Life Insurance, Aviva Life Insurance Company India Pvt. Ltd., Reliance General Insurance, Verisign, SKS Microfinance, HSBC Ltd., Shriram Fortune Solutions, ING Vysya Bank, TATA AIG General Insurance, IDBI Intech, Yes Bank, State Bank of India, Infrasoft, SAS, Bank of India, Central Bank of India, Bank of Baroda, SBI Life Insurance Company, Standard Chartered Bank, Union Bank of India, Birla Sun Life Asset Management Company, ICICI Bank, State Bank of Indore, Saba Software, Industrial Finance Corporation of India Ltd, Kotak Mahindra Bank, LIC, Max New York Life Insurance, Canara Bank, Aditya Birla Minacs, Mastek, ANM Soft, Informatica, Bharti AXA Life Insurance Co. Ltd, ICICI Lombard General Insurance Company Ltd, ING Vysya Life Insurance, Bajaj Allianz General Insurance Co. Ltd., Clover Infotech,
Alpha Plus Technologies Pvt. Ltd., M P H A S I S an EDS Company, Development Bank of Singapore, Postilion, Forbes Technosys, Glodyne Technoserve Ltd., Barclays Bank
IDBI Bank, Allahabad Bank, Infrastructure Development Finance Company Ltd, Citibank, HDFC Asset Management Company Ltd., Life Insurance Corporation of India
Computer Associates, Andhra Bank, Central Bank of India, Punjab National Bank, Finacle and 3i Infotech.
Nasscom BPO Strategy Summit 2009
The definitive event of the BPO industry – the annual NASSCOM BPO Strategy Summit – was recently organized in India’s silicon valley, Bangalore. The summit witnessed participation from highly recognized and admired thought leaders and industry luminaries from reputed IT, ITes and BPO companies.
The main focus of the summit was how the industry has been impacted by the economic slowdown and how outsourcing can be aligned with the business productivity and growth objectives. It also deliberated upon the rise of the domestic BPOs and the emerging verticals.
Newgen, the leading providers of BPM-based IT solutions to the BPOs in the country, witnessed great interest from the participants. Mr. Rajiv Prakash of Future Group in his presentation mentioned how Newgen BPM solution is helping the company achieve operational excellence and have greater visibility into the organization’s processes besides other benefits. The meet resulted in a number of genuine business enquiries from the participating companies for Newgen’s proven and comprehensive solutions for BPOs.
The 11th annual NASSCOM BPO Strategy Summit was held at The Leela Palace, Bangalore on June 9 & 10, 2009.
Fifth India Innovation Summit 2009 by CII
The Fifth India Innovation Summit 2009 was recently organized in Bangalore. The summit aimed to observe the Asian Economy and examine the preparedness of India Inc. in challenging times and its ability to leverage on the current market opportunities innovatively.
The summit witnessed presence of several leading industry figures and entrepreneurs. As a panel member of the discussion on targeted IT investments for business innovation, Mr. Diwakar Nigam – MD, Newgen Software, said:
“In a downturn, businesses go for cutting cost by stopping investment, reducing expenditure and trimming work-force. However, I think, this is also the best time for business innovation to increase market share and build organizational efficiencies.” Mr. Nigam shared about the need to invest in automating business processes and importance of data mining. He added that there is a lot to be gained by automating processes across departments. “While obvious processes like Procurement, Accounts Payable, Finance and Accounts, Accounts Receivable, Order Execution, etc., will result in quick ROI, processes such as Defect Handling, Replacement, Sales and Order Management, etc., build long term value.”
The summit presented a great opportunity to learn about the utilities of innovation in the business processes to deliver value more efficiently, increase the utility of goods and services, and extract new sources of value from networks and information flows.
The summit was organized from 12 – 13 June 2009 at Hotel Taj Residency, Bangalore, and focused on the theme ' Role of Innovation in an Economic Downturn - The India Advantage'.
TiE Bridges - A Corporate Partnership Opportunity
TiE on 17 June organized a unique event titled, TiE Bridges - A Corporate Partnership Opportunity – at India Habitat Centre in New Delhi. The event presented forum to connect early stage innovators with potential investors and corporate partners. It provided a platform for investors and corporate partners to familiarize themselves with product and technology development among some of the leading early growth companies in India.
Mr. Diwakar Nigam was one of the distinguished panelists at the event. Sharing his rich experience, Mr. Nigam elaborated, “We are a fast-growing company and highly value the role of forming partnerships globally at critical stages in our growth. Our partnerships with companies, venture capitalists and multi-national vendors has immensely helped us grow in more than 35 countries. We intend to fully leverage our current partnerships and forge new ones for continuously charting high-growth path.”
The event was organized by TiE along with Canaan Partners and Microsoft, in association with UTVi. The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs through advice, guidance and assistance from successful and experienced entrepreneurs and professionals.
Customer Meet in Bangalore
Newgen Software organized a Customer Meet in Bangalore on 6th March 2009. The event witnessed good participation from top brass of Newgen’s esteemed customers and partners such as Caterpillar, Wividus, Praxair, DTDC, iGate, Infosys, Mphasis EDS, Karnataka Bank, among many others.
The customer meet provided a perfect platform to customers for sharing their experiences regarding Newgen solution and how it has impacted their business. Some of the speakers included Mr. Mrinal Chakraborty (DTDC), Mr. N. L. Balasubramanya (Wividus), Mr. Rengarajan (Caterpillar), Mrs. Nathan (A V Nathan & Associates), and Mr. Shivkumar Sheshadry (iGate).
Mr. Mrinal Chakraborty from DTDC described how Newgen’s lightening quick solution delivery helped DTDC quickly reduce the number of customer calls and provides great flexibility in its operations.
Mr. N. L. Balasubramanya from Wividus, Wipro Shared Services elaborated on unique challenges faced in starting the SSC operations, and how scalability of the Newgen solution ensured smooth transition from 500 transactions a day to almost 6000 transactions a day, while maintaining the excellent system performance.
Mr. Rengarajan, from Caterpillar informed about the excellent support receive from Newgen throughout the three-year old successful relationship.
Mr. Shivkumar Sheshadry from iGate Global Solutions spoke volumes about the implementation model of Newgen that helps in realizing the benefits very fast.
The event was inaugurated with the welcome note by Mr. Vinod Mishra – Business Head, South & Srilanka.
Sr. VP, Sales & Marketing, addressed the gathering and described how Newgen solutions can help businesses cut costs in today’s tough times. He also informed about the upcoming releases of Newgen’s flagship products, as well as future plans and focus of Newgen in coming years.
MEFTEC Technology Week
Newgen Software Technologies Limited, a market leader in business process management (BPM) and document management system (DMS), participated in MEFTEC 2009 as Bronze sponsors. MEFTEC is the world's leading Banking and Financial Technology event, and it was held in Bahrain from 10-11 February 2009.
MEFTEC 2009 drew more than 500 delegates–including 300 CIOs from 27 countries–in the largest ever gathering of financial IT executives in the Middle East, Africa and South Asia (MEASA) region.
The event provided Newgen a platform to facilitate strategic alliances and expand its customer base. The Newgen stand showcased its product suite under the BPM and DMS framework along with latest range of solutions like OmniOMSÔ (Output Management System), a one-stop solution for managing enterprise output in a seamless, cost-effective manner that makes visible impacts on the businesses.
Diwakar Nigam, MD, Newgen Software said: "MEFTEC is the right place for us to present our solutions and services offerings for the Banking and Finance sector. With our expertise in cutting-edge banking and financial solutions, we bring a lot of value to customers."
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Thailand Software Fair 2009 |
Newgen Software Technologies Limited recently participated in Thailand Software Fair 2009 as Gold Sponsors. Thailand Software Fair 2009 was recently organized to promote Thai software companies by bringing together software providers and consumers, and work towards betterment of Thai software industry.
The event witnessed software vendors from all over the world presenting their solutions in a wide range of areas such as Accounting, Payroll, HR Management, Sales force Management, CRM, BI, ERP, DMS, Workflow, SCM, etc. With Thailand being a great opportunity for DMS and BPM-based solutions, Newgen Software showcased its DMS, BPM and image-based check clearing solutions and got an enthusiastic response from the participants. With its proven products, Newgen demonstrated how companies could benefit by digitizing, automating and centralizing their processes. In addition, the fair provided Newgen the opportunity to meet some promising customer and partner prospects.
Thailand Software Fair 2009, organized during February 20–22, witnessed a healthy participation from top decision makers such as CEOs, CIOs and IT Directors, among others. The fair provided a rare platform to publicize Thai software provider capabilities in both domestic and international markets to raise user’s confidence and promote Thai software business. The event was organized by Software Industry Promotion Agency (SIPA).
Newgen at Gitex Technology Week, 19-23 October 2008
Newgen Software Technologies will participate in the Gitex Technology Week, which is being organized by the Dubai World Trade Centre from the 19-23 October 2008. Gitex Technology Week builds upon the global interest in the Middle East's ICT landscape by presenting a power-packed week of dedicated trade segments, which includes GITEX Business Solutions, GULFCOMMS and Consumer Electronics. Focusing on the region's fastest growing sectors – these three distinct, yet closely related segments deliver focused forums for key buyers and decision-makers from across the region.
Newgen announces inaugural CIO Summit in Dubai
Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Document Management System (DMS), today announced the inaugural Newgen CIO Summit – 2008 in Dubai. The summit will be held on 28th & 29th August 2008 at the Le Meridian Hotel, Dubai.
Further details about this event are available at the following URL:
Newgen announces inaugural CIO Summit in Dubai
NAMIC Annual Convention
National Association of Mutual Insurance Companies (NAMIC) recently organized its 113th annual convention. Newgen registered its presence at the glittering event that witnessed extensive participation from a large number of Re-insurance and Mutual Insurance companies in USA. More than 1700 top insurance executives and decision makers were present at the annual event. The annual event assumed greater importance in light of the turmoil in the financial markets and its impact on the Mutual Insurance industry.Newgen Software drew great response from the participating Mutual and Re-insurance companies, with its proven BPM suite of products comprising OmniFlowTM, OmniDocsTM and OmniReportsTM. Newgen Software also showcased its new offering, OmniOMSTM, a one-stop solution for managing enterprise output in a seamless, cost-effective manner. OmniOMSTM is among the most powerful Output Management product available today, and it generated a number of business inquiries.
National Association of Mutual Insurance Companies (NAMIC) was founded in 1985. A full-service national trade association, it serves the property/casualty insurance industry with more than 1,400 member companies that together underwrite over 40 percent of the property/casualty insurance premium in the United States. NAMIC has as its members small farm mutual companies, state and regional insurance companies, national writers, reinsurance companies, risk retention groups and international insurance giants.
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