Karnataka Bank Implements Newgen BPM solution

Aug. 1, 2007 - PRLog -- McLean, VA, August 1, 2007: Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with impeccable track record of implementing mission-critical Workflow and Document Imaging solutions, today announced that it has successfully implemented three processes for Trade Finance at Karnataka Bank, a leading financial service institution.

Speaking on the occasion Punit Jain, Vice President, Sales & Marketing, Newgen Software Technologies said, “Our implementation at Karnataka bank has been a very satisfying experience for both the parties. Through our innovative solutions, we have built a strong relationship with Karnataka bank. The bank has already chosen Newgen for providing Check Truncation solution. In spite of a number of vendors’ BPM offerings, Karnataka Bank chose us for our proven quality solution and ensuring the last-mile service. With this implementation, we would further cement this mutually-beneficial relationship.”

Newgen solution includes implementation of three Trade Finance processes, a) Customer Master, b) Credit Report Master, and c) Pre shipment PC Release using its BPM suite comprising OmniFlowTM, OmniDocsTM and OmniScanTM. Initially Newgen solution will be used at 30 branches across the country.
The bank expects to cut down on Courier and Printing costs, shortened customer service time, better-managed and -tracked processes, better accountability, and improved productivity of employees.

Through this implementation, Newgen Software again demonstrated its expertise in super-quick implementation of BPM-enabled processes. The three processes were completed in just one month, underlining Newgen’s unbeatable value proposition for BPM solutions.

About Karnataka Bank
Karnataka Bank has over 83 years of experience in providing professional banking services and quality customer services with a widely spread network of branches and ATMs all over India. Karnataka Bank provides comprehensive range of customized products & services suitable for every kind of market, trade or perceived need - Business or Personal. These include borrowing facilities, deposits, providing optimum returns on surplus funds or helping with overseas transactions.

About Newgen Software
Newgen Software Technologies Limited is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with impeccable track record of implementing mission-critical Workflow and Document Imaging solutions. We have a global footprint, with an installation base of more than 700 customers in over 25 countries. More than 40 of our customers are Global Fortune 500 companies. Having domain expertise in Industry verticals such as Banking, Financial Services, Insurance, BPO, Telecom, e-Governance and Manufacturing among others, we are known as one of the fastest implementers of BPM solutions in the world.

Our Sales & Support offices span across major cities in Asia, North America, Europe, Africa and the Middle East. Winner of several awards such as “Frost and Sullivan’s Market Leadership Award for Document Management and Workflow Software & Services for 2006” and “Distinguished Application Product Company” by NASSCOM, Newgen Software is an ISO 9001:2000 certified and CMM Level 4 company.

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Newgen has a global footprint, with an installation base of more than 700 customers in over 25 countries. More than 40 of our customers are Global Fortune 500 companies. Newgen has domain expertise in Industry verticals such as Banking, Financial Services, Insurance, BPO, Telecom, e-Governance and Manufacturing among others.Our Sales & Support offices span across major cities in Asia, North America, Europe, Africa and the Middle East.

Website: newgen.net