We have built our Lending Solutions for consumer and business loans on our BPM, ECM and CCM products. Built on a Configurable Unified Platform, 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.
- Faster loan disbursals leading to greater churn in business with decreased operational costs improving the bottom-line
- Rules defined transactions ensure adherence to best practices leading to streamlined operations enable faster responses to customer queries and requests
- Deeper insights into each transaction through real time business activity monitoring helping you with predictive analytics which ensures lower defects
- Adherence to SLAs across functions, processes and transactions facilitating with real time responses to changing in regulatory compliance to meet central bank regulations
Accounts Payable is a critical business process for any enterprise. It impacts and also defines two vital business functions, that of Cash Flow and External Vendor/Supplier Payment Management which are directly attributable to a firm’s profitability. A well organized and robust Accounts Payable process helps organizations boost performance by lowering costs. Newgen AP process are flexible enough to adapt changing business requiremnts with flexible business rules management, process modelling, designing, executing and monitoring your business processes for continuous improvement – BPMS is the way to go.
- Single Window Digitization:-
Invoices received whether at a central-back office or at disparate locations can be captured and their processing centralized by transferring their scanned images to a Common Mail Room. Relevant data and information from invoices are extracted, indexed and validated automatically ensuring delivery of accurate information to workflow and ERP systems.
- Systematic Flow of Processes:-
Newgen AP Portal uses Newgen’s robust BPM platform to help AP managers balance multiple complex relationships with suppliers as well as stakeholders. Invoice collection, exceptions, resolutions and payments, each of these processes are streamlined. Each process is rule driven and addressed to the appropriate business participants.
- Real time Process Monitoring:-
The AP portal uses Newgen’s Business Activity Monitor, a tool which allows AP managers to develop 360 degree process performance view. Using the Activity Monitor, managers have access to real time Dashboards which highlights lacunas or bottle-necks within the process which enables timely resolution of issues.
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.
- 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.
- Faster Go to Market Ensure faster product roll-out and rapid business expansion with quick adaption to market needs.
- Resuable and configurable software platform which allows you to configure different solution like Retail Lending, Corporate Loan, SME lending etc. from one single platform.
- Straight Through Processing Reduce data redundancy and needless manual intervention through end-to-end automation of loan lifecycle.
- Fix Broken Lending Processes Achieve seamless business information flow across departments by integrating diverse applications across departments as well as third parties.
- Surviving with Legacy Build on top of legacy systems to leverage existing investments while addressing inherent limitations
- Automate & Scale Add rapid scalability to business to enter new market/expand in existing market by quickly adapting to market needs through end-to-end automation
- Productivity Enhancement
- Cost Reduction
- Meeting Compliance Requirements
- Process visibility
- 360-degree Business Activity Monitoring
- 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
CUP – Configurable Unified Platform
Newgen Enterprise Solution on Cloud
Newgen Cloud solutions offer full access to its award-winning Enterprise Content Management (ECM) & Business Process Management (BPM) capabilities and best practices on the Cloud. The process platform can be used to quickly build key vertical business processes or horizontal processes such as Retail Loan Origination System, Account Payable Solution, Insurance New Business etc.
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
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Tel: +91-11-4077 3700
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