Newgen's solution allows seamless collaboration, communication and data sharing features to automate the Payment and Settlement processes. The solution facilitates effective data capturing required for the presentation of PDCs for clearing, pulling of cheques due for presentation, reconciliation and validation of details such as dates, EMI, etc. It also allows batching of cheques by location/presentation centers.
The ChequeFlow solution from Newgen efficiently handles all the head office/high volume branches dealing Interest/Dividend warrants and Inward/Outward cheque clearing.
The solution enables easy and efficient SWIFT virtualization. It facilitates cheque archival and retrieval system for storage of images and data at a central location, with capability to deploy remote image servers at multiple locations for faster image access. These features help in virtualization of the SWIFT process used for fund transfer.