The processes in the Commercial Banking Division of a Bank are document intensive and require sophisticated handling of customer offerings such as LIC Issuance and Amendment, Bills of Exchange, Shipment Credit, Commercial Loans and Corporate Term Loans.
///Newgen's solution for Commercial Banking have been customized to offer:
- Reduced training time
- Decreased TAT for document requests
- Cost savings in the field of new business opportunities, operations and lead count
- Monitoring and streamlining of processes to follow the business rules with utmost clarity and efficiency
Different processes may involve different documents. For example, LC transaction documents deal with LC issuance, advice, and amendments. Newgen's solution manages all these documents very effectively by using Newgen's Document Management System. For all these processes, any kind of amendments or updates are stored, maintained and carefully archived for their effective usage in case of existing as well as new documents.