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Fullerton India Credit adopts Newgen's BPM solution for faster growth

United States(prwindow)- October 12 2007 -Newgen Software Technologies Limited recently announced the successful implementation of its BPM solution at Fullerton India Credit Company Limited (FICCL). Newgen’s implementation at FICCL covers the entire gamut of processes including loan origination and booking, collections and prospect tracking, loan against Gold and early warning processes.
 
Fremont, CA and McLean, VA, October 12, 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, recently announced the successful implementation of its BPM solution (based on Newgen OmniFlow™) at Fullerton India Credit Company Limited (FICCL). FICCL, one of the largest capitalized Non Banking Finance Companies (NBFC) in the country has taken a steep target of setting up a total of 500 branches in the country by the end of 2007 (Till now, the company has set up over 350 branches).


Speaking of Newgen’s solution that has helped the FICCL in gearing up to meet its targets, Pramod Krishnamurthy, Executive Vice President, Technology, FICCL said, “One of the key factors that has accounted for Fullerton India’s rapid growth & ramping up of operations is the excellent support provided by the Newgen team. Their state of the art workflow routing and imaging system (Omniflow) has met our dynamic requirements very well; it has enabled us to provide high level of customer service internally and externally. We look forward to a continued long-term association with them as a valuable partner in our growth.”


Newgen’s implementation at FICCL covers the entire gamut of processes including loan origination and booking, collections and prospect tracking, loan against Gold and early warning processes. FICCL currently has more than 350 branches across the country. Number of concurrent users (users across the branches who can be simultaneously logged into the system), which is already over 900, is expected to grow up to 1500 in near future.


Speaking of the successful implementation at FICCL, Punit Jain, Vice President – Sales and Marketing, Newgen Software Technologies, said, “In line with our objective to be an end-to-end BPM solution provider, our solution has offered FICCL continuous process improvement, rapid results, visibility and control. With this implementation, we are glad to support FICCL in reaching its steep targets and establishing a strengthened network in India.”


Newgen OmniFlow™ 5.0 is a platform independent, scalable Business Process Management solution that enables automation of organizational business processes. It is a complete software solution to design, deploy, modify, monitor and manage business processes, involving minimal programming effort, and is easily deployable thereby enabling enterprises to streamline their business processes for greater efficiencies. Built using open technologies Newgen OmniFlow™ has seamless integration abilities allowing it to be introduced into almost any existing IT infrastructure.


About Fullerton India Credit Company Limited


Fullerton India Credit Company Limited, a fully owned subsidiary of Fullerton Financial Holdings, Singapore, is the fastest growing financial services company in India with an equity capital base of US$ 150 Mn (Rs. 7.00 bn). The company follows a relationship led, community based business model with close proximity & engagement with the customer to effectively reach out to them. In a short span of time the company has disbursed Rs. over 1800 Crores, opened more than 400 branches spread across 150 locations and has more than 8000 employees on its rolls.


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. 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. Having domain expertise in Industry verticals such as Banking, Financial Services, Insurance, BPO, Telecom, e-Governance and Manufacturing among others, Newgen is known as one of the fastest implementers of BPM solutions in the world.


The Sales and Support offices of Newgen 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.


www.newgensoft.com

 

 

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