Finance and Accounting

Our solution for automation of Finance and Accounting processes covers the entire gamete of F&A functions like General Accounting, Transaction Processing & Employee Payments.

Newgen › Solutions › Finance and Accounting

The solution for Finance and Accounting solution is designed to handle a very crucial business function of every organization, namely Finance and Accounting. The entire process of automating the F & A vertical encompasses General Accounting, Transaction Processing and Employee Payments.

The Finance and Accounting function in an organization requires continuous streamlining of processes in order to improve its efficiency, control, compliance and risk mitigation in highly volatile business environments.

Newgen provides solutions for automation of Finance and Accounting processes covering the whole spectrum of F&A such as General Accounting, Transaction Processing and Employee Payments.

Accounts Payable

Newgen’s Accounts Payable solution helps organizations gain complete control of their accounts payable operations.The solution provides greater visibility into the bill processing cycle allowing approval through electronic viewing of documents and automated exception and resolution.The Newgen solu...

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Employee Reimbursements

Expenditure Management

Freight Billing

General Ledger and Reporting

Policy Owner Servicing

Purchase Order and Requisition

Tax Management

Voucher Generation and Management

Case Studies

  • Accounts Payable Process Automation with Newgen Omnisuite

    Newgen Case Study on Accounts Payable Process Automation with Newgen Omnisuite.

  • Insurance Processes Automation Using Newgen Omnisuite

    70 % reduction in the costs of retrieving documents, parallel processing at the branches & head office, 45% reduction in the TAT, quicker resolution of the discrepancies, 50% reduction in the duplicate data entry process, easier & accurate audit trail followed by optimized workload distribution and improved MIS standards for a life insurance company.

  • Automation of Goods Receivables Process and Integration with ERP

    Centralized & improved monitoring, efficient tracking & control process, better credit planning & management along with Cost reduction and improved TAT for a leading Retail Chain in US.

  • Streamlining processes of a Shared Service Center

    Reduced errors due to image-enabled data entry process, increased accuracy as well as improved internal controls, better credit planning & management, real-time invoice visibility, reduced paper volume & costs along with increased level of monitoring for a leading consumer durables company.

  • Streamlining SSC Operations for Multiple Processes

    The company is a leading FMCG player whose parent company markets a large portfolio of products such as beverages, food, health, home and personal care goods. The company had set up a Shared Service Centre (SSC) in India for optimizing resource utilization, serving various offices across multiple countries to achieve economies of scale. The complex manual processes were costly, labour intensive, error prone and time consuming. The BPM solution from Newgen enabled centralization and automation of processes for Account Payable, Account Receivables, Vendor Bills, Freight Bills, POPR and SOXA compliance

  • Automation of Requisition Process

    Newgen Case Study on Automation of Requisition Process for Core3.

  • Efficient Claims Processing Solution

    The client is a captive BPO of a pioneering software services company in India. The BPO provides business process services to all the business units of the company. The client needed a solution that could be integrated with SAP R/3. The solution was required to replace the manual processing of claims which was a highly inefficient process and also for tracking the claims status. Newgen proposed its BPM solution which was integrated with SAP R/3 to allow the client to fully leverage the imaging and document management capabilities of the solution. The client deployed Newgen’s BPM solution to handle the Employee Claims and the Vendor Payable Processes

  • Business process Management Solution

    Newgen Case Study on Business Process Management Solution.

  • Process Automation using OmniFlow

    The Airline, established in 1977 has come a long way to be recognized as East Africa's most respected airline. The Airline has been actively using Information Technology to streamline its operational performance and service delivery. It aims to become the airline of choice in Africa by offering world-class services.

  • BPM enabled Processes for Case (Public Grievance) and Tax Management

    Newgen Case Study on BPM enabled Processes for Case (Public Grievance) and Tax Management.

More Case Studies
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