openPR Logo
Press release

Newgen’s Business Process Management Solution to enable lower TAT and enhanced operational agility at L&T

09-12-2012 11:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Newgen Software

Newgen's BPM Solution will enable rapid branch roll-out & enhanced user experience at L&T Finance

Newgen Software Technologies Limited, a leading provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) announced the successful implementation of its BPM solution at L&T Finance, one of India’s leading NBFCs.

L&T Finance had a target of rapid market expansion and therefore needed a scalable solution for swiftly rolling out branches. Speaking on the benefits of the Newgen solution, Mr. Krishnan Venkateswaran, VP – IT, L&T Finance said, “The project has helped us rapidly roll out fully functional branches, deliver a uniform user experience with lower training needs, and enhance our operational agility.” “It has helped us gain visibility into each sub-process in a client acquisition cycle, and thus helped us standardize processes and optimize turnaround times to enhance customer and channel satisfaction,” he further added

Commenting on the significance of this implementation, Mr. Diwakar Nigam, MD & CEO, Newgen Software said, “Newgen is proud to be a partner in L&T’s journey towards achieving customer centricity. With this implementation, Newgen has further consolidated its position in the Non Banking Financial space using process & technology to improve agility, performance and profit.”

Newgen’s solution has paved the way for L&T Finance to raise operational agility, enhance process control and increase customer base with faster and efficient services. Newgen's end-to-end solution will continue to ensure seamless integration with core applications.

About L&T Finance
Incorporated as an NBFC in 1994, L&T Finance is registered with the RBI as an NBFC-ND-SI, and is classified as an Asset Finance Company (AFC). L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture. It is primarily engaged in short to medium term asset backed financing viz. construction equipment finance, transportation equipment finance, rural products finance, supply chain finance, corporate loans and leases, microfinance, etc. As of March 2012, L&T Finance had loans and advances in excess of INR 12,500 crores.

About Newgen

Newgen Software Technologies Limited (newgensoft.com) is the market leader in Business Process Management (BPM) and Enterprise Content management (ECM), with a global footprint of 900 installations in over 50 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPO’s, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers.

Newgen’s Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO
27001:2005. Newgen has been assessed at CMMi Level3

Press contact:

Rohit Thakur,
Senior manager
Newgen Software
D-152, Okhla Phase 1,
New Delhi-110020
PH:91-11-26815467

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Newgen’s Business Process Management Solution to enable lower TAT and enhanced operational agility at L&T here

News-ID: 235234 • Views:

More Releases from Newgen Software

Newgen’s ZapIn among the Top 5 Innovative products at the NASSCOM Summit 2012
Innovative Mobile Capture Application – ZapIn is the Winner in Cloud and Mobility Summit Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) solutions, today announced that it is a winner of NASSCOM’s IP4Biz Product Showcase, 2012. Newgen’s innovative Mobile Capture application – ZapIn was selected, from a pool of 41 applicants, among the top 5 products featured at the

More Releases for L&T

Author T L Ashton Promotes Her New Novel - No Peace In La Paz
Author T L Ashton Promotes Her New Novel - No Peace In La Paz Author T L Ashton is pleased to announce the release of her new women’s fiction novel, No Peace In La Paz. Released by Dryads Green Associates on September 7, 2020 the book is already receiving rave reviews from readers and reviewers. "The Maya know the danger where the jaguar is afraid to go!" The woman he loved stripped
Electrolytic Fixed Power Capacitors Market Outlook to 2026 - TDK, Vishay, L&T
The Electrolytic Fixed Power Capacitors Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report provides an overall analysis of the market based on types, applications, regions, and for the forecast period from 2020 to 2026. It also offers investment opportunities and probable threats in the market based on an intelligent analysis. This report focuses on the Global Electrolytic Fixed Power
Property Loan Market Is Booming Worldwide | L&T Finance, HDFC, HSBC Bank
The "Property Loan - Market Analysis, Trends, and Forecasts 2014-2025 " Study has been added to HTF MI offering. The study focus on both qualitative as well as quantitative side and follows Industry benchmark and NAICS standards to built coverage of players for final compilation of study. Some of the major and emerging players profiled are L&T Finance, HDFC Ltd., HSBC Bank, SBI, JP Morgan, Bank of America. Get Inside Scoop
Distillation Systems Market 2028 | Anton Paar, L&T Hydrocarbon Engineering, Praj …
Global Distillation Systems Market: Snapshot Drastic developments and changes have taken place to improve the living standards of the people across the globe. To meet the necessities of the people, advanced technology are used at large rate. To provide clean drinking water, use of distillation systems was grown extensively. Use of distillation systems has grown in the oil and gas and chemical industries at a massive rate. Over the
Distillation Systems Market - Future Applications 2028 | Anton Paar, L&T Hydroca …
Global Distillation Systems Market: Overview The demand within the global market for distillation systems has been rising on account of industrial applications of distillation and the popularity of the process across various longitudes. Distillation is a process employed for the desalination of water and other liquids, and has been serving commendable benefits in key industries such as oil and gas and chemicals. In the oil and gas industry, the use of
Global Triple Offset Butterfly Valves Market 2017 - Cameron, Emerson ,L&T Valves
Global Triple Offset Butterfly Valves Market 2017 report extracts the latest industry aspects and upcoming market trends which will help the readers in analysing the product and clients which are driving factors behind the market development and market share. The report titled Global Triple Offset Butterfly Valves Market presents thorough and essential market outlook covering the product definitions, categorization and variety of applications. The Triple Offset Butterfly Valves is foreseen to