Karnataka Bank Implements Newgen BPM Solution

Qutab Institutional Area, India (PressExposure) May 11, 2009 -- Newgen Software Technologies limited, a leader in the field of Business Process Management (BPM) and Document Management System [http://www.newgensoft.com/DMS.asp] (DMS), 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.

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 [http://www.newgensoft.com/bpm_solution.asp].

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 the market leader in Business Process Management (BPM) [http://www.newgensoft.com/BPM.asp] and Document Management System (DMS), with a global footprint of about 700 installations in over 30 countries.

Newgen is recognized by distinguished analyst firm IDC in its exclusive report "Newgen Software: Global Leader in Business Process Management and Document Management Solutions." With HSBC and SAP investment, Newgen is one of the rare product companies to have backing of both leading financial and technology companies of the world.

Winner of prestigious awards, such as CNBC-TV18 "Emerging India Award 2008", Frost and Sullivan's "Market Leadership Award for Document Management System and Workflow Software & Services" and "Distinguished Application Product Company" by NASSCOM, Newgen Software is an ISO 9001:2000, ISO 27001 certified and CMM Level 4 company.

For further information, contact: Prachi Singh 20:20 MEDIA 0124- 2560310-14 Vivek Chauhan Newgen Software Technologies Limited 011-26815467

About Newgen Software Technologies Limited

Prachi Singh
20:20 MEDIA
0124- 2560310-14
Vivek Chauhan
Newgen Software Technologies Limited

Press Release Source: http://PressExposure.com/PR/Newgen_Software_Technologies_Limited.html

Press Release Submitted On: May 11, 2009 at 1:22 am
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