Banking – Lending Solution

We have built our Lending Solutions for consumer and business loans on our BPM, ECM and CCM products. These solutions provide the requisite flexibility and adaptability to keep your financial institution future ready. You can use our scalable solutions to cater to all kinds of loans – Retail lending, C&I, CRE, SBA, SMB loan and others. Further, you can integrate with legacy and third party applications and ensure your financial institution stays compliant to regulations. Using our solutions, you can ensure unified processes by dismantling operational silos and unifying front and back offices.

 

Benefits:

  • Go beyond the limits of Core Banking System by providing MultiChannel Initiation, Straight Through Processing, Live DashBoard Reports and System Flexibility
  • Rules Keeps on Changing based on market reality and sometime based on central bank guidelines, Newgen Rule Engine will help you to quicky make changes with Minimal Disruption
  • Features like Exception Handling, Alerts & Reminder Notification will ensure business with 100% complaince
  • Give Loans to more number of people as you can go with Low cost small office in different geographies using Newgen different product suites
  • Core system runs based on accounting principles where as business runs differently; Integration of Newgen Solution with Core Banking Application will provide “The Best out of your Systems”.

 

Account Payable Solution

Challenges:-

  • Process handling between multiple departments (Gate Entry, Store, Purchase, Accounts, Finance) is manual in nature as departments interacts with each other over emails, document generation or calls.
  • Physical document dependency for invoice approval and processing
  • Difficulty in tracking or searching existing documents/ invoices
  • Lack of Control over Vendor Query/ Exception handling at department level as these are currently handled over emails or calls
  • Discrepancy in handling Duplicate Invoice & Emergency Invoice in absence of PO

Benefits:

  • Newgen Account Payable Solution can manage multiple invoices against one PO
  • While approving invoices for payment, one can see copy of Purchase Order, Invoice & GRN using click of a button in ERP
  • Real Time transfer of Invoices from Regional offices to Head office for approvals
  • Non ERP users can also access the business documents
  • It can perform validation of invoices like duplicate check, invoice matching (2 way,3 way) to ensure vendors are paid rightly
  • Better cash flow management as the status of the invoices is easily available online

 

Image Enablement for ERPs

ERPs are used by various functions like procurement, finance, HR etc. where they need physical document copies to perform transactions from time to time. Newgen Image Enablement Solution helps ERPs users to view the images of physical documents for a transaction from within the ERPs interface digitally.

Benefits:

  • Images related to the transactions can be seen at the “Click of a Button”. Information can be cross checked with GRN ,PO or Invoice (For Accounts Payable Process).
  • Better cash flow management as the status of the invoices is easily available online.
  • Anytime, anywhere access to the electronic documents.
  • The solution has enterprise level security where in users with pre defined roles can access and perform operations on the documents based on rights.
  • Ease on the fly workflow configuration with minimum or no configuration.
  • One can maintain and manage multiple  invoices against a given PO if needed.
  • Complete audit trails for both internal and external auditors, helping the customer better in terms of meeting compliances
  • Non-ERP process can be automated through Newgen ECM Solution.

 


About Partner

About Newgen

Newgen Software is a leading global vendor/provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), Document Management System (DMS), Workflow and Process Automation software. The company has a global footprint of 1300+ installations in over 61 countries with large, mission-critical solutions that have been deployed at the world’s leading Banks, Insurance firms, BPO’s, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers.
Newgen Software Inc. is a wholly owned subsidiary of Newgen Software Technologies Ltd. – Leader in ECM, BPM, CCM and Case Management space.

Benefits from Newgen Solutions

  • Productivity Enhancement
  • Cost Reduction
  • Meeting Compliance Requirements
  • Process visibility
  • 360-degree Business Activity Monitoring

 

Newgen Differentiators

  • Comprehensive Suite with strong Document Management, Imaging, Scanning, Records Management and BPM capabilities
  • Graphical Process Modeler empowering business users to take ownership of their business processes
  • Scalable for managing billions of documents
  • Strong Technical Capabilities
  • Certified Records Management to comply with regulatory and legal policies

 

 

 

Contact Partner Contact Newgen

E-44/13, Okhla Industrial Area, Phase II,
New Delhi -110 020 INDIA
Tel: +91-: 011 2638 4060
+91-11-2696 3571
+91-11-2696 4733
Fax: +91-11- 2685 6936
Email: team.channels@newgen.co.in