Newgen’s implementation at Dhanlaxmi Bank was declared winner at Asian Banker Technology Implementation Award 2012 under the “Best Branch Automation and Networking Project” category.The prestigious Asian Banker IT Implementation Awards Programme jointly recognises banks and their vendor partners for their success in implementing IT projects and programmes. Nearly 50 banks from fourteen countries across Asia Pacific had submitted their project details for evaluation. The award ceremony was conducted at the Asian Banker Summit in Bangkok, Thailand. The event is Asia’s most important meeting for top financial institutions to come together to discuss the dynamics of business in an ever changing world while learning from best practices and benchmarks from across the globe.
Newgen Featured in Ovum’s BPM Decision Matrix 2011 and Recognized as One of the Top Three ‘Value for Money’ BPM VendorsGlobal industry analyst firm Ovum has featured Newgen in its new "Decision Matrix: Selecting a Business Process Management Vendor 2011" report.The Decision Matrix evaluates BPM vendors based on a quantitative assessment of their technology capabilities, end-user sentiment and market impact.The report mentions, “… the suite’s greatest strength is the ability to support content-heavy processes. There are two other distinct aspects of Newgen and OmniFlow that deserve special mention – its long history of working with SAP applications and its professional services arm, a legacy of doing business in a time and in markets where systems integrator partners were rare … On the user sentiment dimension Newgen’s scores are impressive, coming in fourth. Interestingly the company comes in the top three in the ‘value for money’ user rating dimension …”Newgen’s Business Process Management Suite (BPMS) enables companies to model, deploy and manage mission-critical business processes that span multiple enterprise applications, corporate departments, and business partners. The solution reduces time-to-market for changes in business processes. With the help of Newgen’s BPMS implementation, changes in business process are addressed with minimal IT efforts, resulting in faster time-to-market and business process change.
Newgen Software Positioned in the Magic Quadrant for Enterprise Content Management (ECM)The Magic Quadrant, a proprietary research tool developed by Gartner, offers visual snapshots of a market’s direction, maturity and participants, and evaluates companies on completeness of vision and ability to execute.The report mentions, “Industry domain knowledge in the arena of ECM and BPM is a differentiator for Newgen's professional services delivery and support team that is further complemented by its focused partners.”Newgen has a comprehensive and proven ECM offering, with strong Document Management, Document Imaging, Scanning, Records Management, and Business Process Management capabilities. Newgen has built and owns the complete IPR for the products. The solution is highly scalable with many large enterprise-class deployments.
Newgen Positioned in Forrester Wave Report for DOCCM as A Unique, Flexible and Cost-Effective CCM Solution VendorThe Forrester Wave™: Document Output for Customer Communications Management, Q3 2011, features 12 top vendors that have a strong market presence and the ability to meet a broad set of DOCCM needs and Innovative products.In the report Newgen has been cited as providing flexible and cost-effective solutions that combine their ECM, BPM, and CCM components. The report states that Newgen is one of the two vendors to “Offer great value at price points that will appeal to many enterprises. Newgen has a strong focus on interactive apps in financial services, particularly in retail banking...”Newgen’s Customer Communication Management Product (O2MS) offers the capability to generate and distribute highly personalized customer-statements with inline promotions through rule-based profiling and segmenting. It provides the customer a single view of his statements by consolidating data across multiple systems such as savings, investments and loan accounts. The Product also supports electronic and multi-channel delivery. The solution impacts business’ top-line and bottom-line by providing enhanced customer experience at reduced costs.
Newgen has been mentioned across 7 of the recent reports published by a Leading Analyst GroupThe reports are,• Hype Cycle for Business Process Management, 2010• Hype Cycle for ICT in India, 2010• Hype Cycle for Life Sciences, 2010• Hype Cycle for Life Insurance, 2010• Hype Cycle for Context-Aware Computing, 2010• Hype Cycle for Business Process Outsourcing, 2010• Hype Cycle for Communications Service Provider Operations, 2010
Newgen bags top honors at NASSCOM Product Summit 2005Recognizing the importance of the packaged software business to Indian IT software firms, NASSCOM in association with N.S. Raghavan Centre of Entrepreneurial Learning (NSRCEL), Indian Institute of Management Bangalore (IIMB), hosted the Product Summit 2005 in Bangalore. Newgen was awarded the top honors for being a leader in packaged software product sector in India. Newgen's VP - Sales and Marketing, received the award.
Hareish Gur, head of marketing, Newgen Software with Joel Dreyfuss, editor-in-chief, Red Herring during the Red Herring Conference
Newgen bags Frost and Sullivan Market Leadership Award 2006Newgen Software has been declared the winner of the Frost & Sullivan Market Leadership Award for Document Management & Workflow Software & Services for 2006. According to research done by Frost & Sullivan for Document management & Workflow Software & Services category, Newgen Software has emerged as the single largest player in the market with highest market share in India. By monitoring market changes and executing its strategies well, Newgen Software has established itself as the market leader in Document Management & Workflow Software & Services industry.
The Award recipients are the companies that display diligence, perseverance, and dedication required to develop a successful business plan and the ability to excel in the increasingly competitive global marketplace. These prestigious awards are recognized worldwide by the media, the investment community and end-users.
Newgen Software was selected for the award for maintaining its hold in the highly competitive market. According to Frost & Sullivan, Newgen Software displayed excellence in areas like identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing market dynamics.
The methodologies for determining award recipients were uniform. By conducting interviews with all the market participants and performing extensive secondary research of proprietary data, Frost & Sullivan analysts tracked companies' revenue and market share in industry. All the companies operating in an industry were then compared and ranked. There were specific criteria used to ascertain the final rankings in each industry.
Frost & Sullivan is the world leader in growth consulting and the integrated areas of technology research, market research, economic research, corporate best practices, training, customer research, competitive intelligence and corporate strategy. Frost & Sullivan recognizes outstanding industry achievements by presenting Frost & Sullivan Awards to top companies in regional and global markets.
The report elaborates the role of documents in banking, especially focusing at the need for transforming core processes, managing regulatory risks, improving decision-making and bettering customer service across channels and products.
The report also analyses various issues and aspects of Document Management in the banking sector and categorises Document Management players. At the highest level, the report classifies Document Management vendors under ‘Document Creation’ and ‘Document Handling’ categories. Document Handling is a higher category than Document Creation. Among the three subcategories, viz Market Leaders, Significant Players and Emerging Players, in the Document Handling category, Newgen Software has been featured as a Significant Player.
Celent, headquartered in Boston, is a research and consulting firm focused on the application of information technology in the global Financial Services industry.
Newgen Software, leader in BPM and DMS wins the CNBC Emerging India AwardNewgen Software Technologies limited, a leader in the field of Business Process Management (BPM) and Document Management System(DMS) is pleased to announce that it has won the CNBC-TV18 & ICICI Bank Emerging India Awards that honour the best small and medium enterprises in India. The award was felicitated in a grand ceremony in London yesterday by the Honorable Commerce Minister, Kamalnath and India's steel tycoon, L N Mittal to Mr. Diwakar Nigam, Managing Director, Newgen Software in the "Information Technology, Communications and Entertainment (ICE) & IT enabled Services (ITeS)" category.The Emerging India Awards are considered among India's biggest business awards. It is a pioneering initiative to promote and recognize the undying entrepreneurial spirit of India's most globally competitive SMEs. The theme for the award this year was 'Think Global Go Global'. The award this year was judged across 17 categories. Newgen emerged as a winner in the "Information Technology, Communications and Entertainment (ICE) & IT enabled Services (ITeS)" category and is recognized as an Indian software company redefining Indian business' stature on the global map.Sharing his sentiments on the occasion, Mr. Diwakar Nigam, MD, Newgen Software said "I am proud to accept this award on behalf of the entire Newgen family. This award is a reflection of the hard work and dedication of each and every employee of Newgen. It also goes to our customers whose feedback and support has helped us become what we are today. I would compliment CNBC TV-18 and ICICI Bank for taking this noble initiative to institute these awards and acknowledging our efforts."He adds, "Building a product and taking it worldwide has been Newgen's vision from the time of inception. This recognition will further help us in our effort to go Global and make our mark as a state-of-art product company from India."
Fullerton India Receives Top Honors at 15th Global Awards for Excellence in BPM and WorkflowFullerton India won the Gold Award for the Pacific Rim region at the Global Awards for Excellence in BPM and Workflow 2008, one of the most prestigious awards for BPM implementation worldwide. The award-winning BPM implementation was done by Newgen Software. Co-sponsored by BPM Focus, Future Strategies Inc. and bpm.com, the awards recognize user organizations that have demonstrably excelled in implementing innovative business process solutions to meet strategic business objectives. Particular attention is paid to implementations that have showed processes extending beyond the corporate boundaries to support customers, suppliers, trading partners and more.
FICCL provides all kinds of secured and unsecured loans to the two segments—Commercial Mass Market (catering to self employed) and Retail Mass Market (catering to salaried class). FICCL planned for rapid rollout of branch network to quickly reach a large customer base. The company’s objective was to achieve lean but profit-oriented branches, reduce turn-around-times, lower cost of operations and better customer experience. With Newgen’s proven BPM solution, FICCL managed to open more than 800 branches within two years—an outstanding achievement of opening more that one branch every day for two years. This first-of-its-kind BPM solution resulted in substantial process improvement, rapid results, visibility and control at FICCL, along with increase in revenues and employee job satisfaction.
The annual Global Awards for Excellence in BPM and Workflow are co-sponsored by WfMC, BPMFocus.org and BPM.com, and are now in their 15th year. While judging the winners, particular attention is paid to implementations that have showed processes extending beyond the corporate boundaries to support customers, suppliers, trading partners and more. There are five geographical regions: Europe, Middle East Africa, North America, Pacific Rim, and South and Central America. Each region receives one Gold and one Silver Award.
Newgen Software, Amongst the winners of Global Top 100 at Red Herring Global 2009Red Herring, a widely respected body for providing intelligent and definitive insights into the future technology trends, included Newgen among the global top 100 technology companies . Companies across the globe were in the race for the coveted recognition. The top 100 were selected on various factors such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. The recognition puts Newgen as one of the hottest upcoming technology companies in the world. The ceremony for honoring the winners was held in Laguna Nigel, CA during January 12-14,2010. Red Herring has been diligently identifying global technology companies that have changed the business landscape across geographies.
Frost & Sullivan Recognizes Newgen Software As A 'Hot Company to Watch for' in the ECM MarketNewgen Software Technologies limited, a leader in the field of Business Process Management (BPM) and Document Management System (DMS) is pleased to announce that leading research and consulting firm Frost & Sullivan has acknowledged Newgen as a hot company to watch for in the enterprise content management market according to the Frost & Sullivan Hot Company Watch list 2009.The recognition by Frost & Sullivan to Newgen Software as a hot company has been given due to its aggressive market expansion goals across the globe, the company’s focus on providing total solutions to modernize disparate content management and organizational tools and the capability to provide end-to-end business process management tools.Commenting on the recognition Mr. Diwakar Nigam - Managing Director, Newgen Software, said “The acknowledgement by Frost and Sullivan is a significant validation for our efforts to successfully demonstrate the ability to build superior products and consistently execute on unique product strategies. We believe that with our renewed focus on the Financial and Telcom sectors in the emerging Asian markets will help us gain a larger share of the ECM and BPM market.”According to Frost & Sullivan, “Newgen Software has been identified for having the potential to grow over the next 12 months due to its current initiatives. The company retains an impressive customer base that demonstrates and fortifies its products’ reliability, scalability and ability to provide end-to-end business process management tools.”“Newgen Software Technologies has expanded its footprints to 35 countries with over 750 installations. The company has effectively focused on providing best-fit solutions for local and regional needs, while allowing for the scalability companies need to both grow into and operate on a global scale.”
Newgen included in the Hype Cycle for Business Process Management, 2009 (*)The leading research and consulting firm, Gartner has included Newgen Software Technologies Limited as a sample vendor in the Gartner Hype Cycle for the Business Process Management, 2009.The report mentions, “BPM has become a way for Enterprises to change the way they do business and to differentiate their companies from others. A BPM implementation approach enhances business agility in response to changing market needs”. Mr. Diwakar Nigam, Managing Director, Newgen Software stated “ Newgen Software already has its footprints in 35 countries with over 750 installations and a strong presence in the emerging markets. With the recognition from Gartner, we expect a faster growth in the developed markets like Europe and in our existing markets like the USA”.Newgen solution provides end-to-end BPM and ECM Solutions to various industry verticals like BPO, SSC, Banking, Financial Services, Insurance, Telecom, Manufacturing, Government and Defense. According to Gartner, “A BPMS should be considered for those processes that have balanced requirements for coordinating human efforts with automated activities & information flows to deliver higher work outcomes”.* Source: Gartner, Hype Cycle for Business Process Management, 2009, Publication Date: 20 July 2009 by Michele Cantara et al * Hype Cycle Disclaimer : The Hype Cycle is copyrighted 20 July 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.
Leading Analyst group positions Newgen Software Technologies Limited in the Magic Quadrant report for Enterprise Content Management, 2009 (1).The report mentions “Transactional content management solutions focus on imaging, workflow/BPM, archive, records management and e-forms. Content contained within these solutions tends to be static. Processes tend to be long-running and have a high number of forms or documents that demand scalability, life cycle control and human approval (primarily on exceptions). An application interface is almost certain. This recognition by the top analyst firm highlights our leadership position for 'Transactional Content Management, which combines ECM and BPM capabilities. We believe that our ECM & BPM solutions are ideal for all paper-based processes and that is an important reason why we have become a solution provider of choice for Banks, Insurers, Financial Service Institutions and Business Process Outsourcers.
A Strong product portfolio and full range of solutions & services for ECM and BPM has made Newgen the market leader in India, with a strong presence in markets like Middle East, Africa and Asia Pacific.With this recognition, Newgen now is expected to have greater trust and recognition of the brand, leading to easier entry into the North American and European markets, while further consolidating and strengthening our leadership position in Emerging markets.About the Magic Quadrant (1)The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be 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.
