Equitas Fine-tunes Processes Using Newgen’s Document Management Solution
Equitas, a leading microfinance company, has over 700 employees and operates out of 90 locations. With Newgen’s solution, Equitas wanted to improve scalability and increase productivity by eliminating document movement, anywhere access, distributed capture and automatic data extraction.
Newgen, with its vast experience in business process automation, was selected by Equitas to streamline its entire gamut of Microfinance operations, backed by a completely automated system that minimizes the physical documents and reduces manpower requirements while ensuring high productivity.
Speaking on the implementation, Mr. Diwakar Nigam - Managing Director, Newgen Software, said “The impact of the implementation of the Newgen solution has been two-fold – better coordination and greater efficiency. We will look forward to strengthening our relationship with Equitas as they expand their business rapidly in the country to stay ahead in business.”
"We have greatly benefited in terms of cutting down the number of processes, reducing data capture time and improving the quality of data to a large extent," said Mr. H Mahalingam, Chief Technology Officer, Equitas. "In fact, we could achieve three-fold increase in production without any investment in resource or space."
The Newgen solution enabled better coordination of sales officers with customers and among other stakeholders for any discrepancy in the membership application forms like missing information or insufficient documentation. The solution also enables seamless data exchange with the core application Bankers Realm and easy replacement of documents and data.
Equitas is a Chennai-based, Microfinance company and extends micro credit to people who are otherwise unable to access finance from the mainstream banking channels. The objective of the company is to make available finance at reasonable cost and in a transparent manner to such customers and aim to achieve acceptable returns on investment so that it can continuously attract mainstream capital and human resources to better serve the chosen client segments. The company operates under the Grameen model with suitable adaptations.
About Newgen Software
Newgen Software Technologies Limited is the market leader in Business Process Management (BPM) and Document management System (DMS), with a global footprint of about 750 installations in over 35 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world's leading BFSI, BPO and Fortune Global 500 companies.
Newgen is recognized by distinguished analyst firm IDC in its exclusive report “Newgen Software: Global Leader in Business Process Management and Document Management Solutions.”
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:
Newgen Software Technologies Limited
Newgen Software Technologies Limited
This release was published on openPR.
Permanent link to this press release:
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 Equitas Fine-tunes Processes Using Newgen’s Document Management Solution here
News-ID: 79596 • Views: 1013
More Releases from Newgen Software
Newgen’s Business Process Management Solution to enable lower TAT and enhanced …
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
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 Equitas
Real Estate Market Rewriting Long Term Growth Story | Prestige Estates Projects, …
The Latest research study released by HTF MI “Real Estate Top 5 Emerging Markets Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered
Microfinance Market Size, Share, Trends, Analysis and Forecast 2020-2026
The global microfinance market is projected to exhibit a significant growth, at a CAGR of around 14.8%, during the forecast period. COVID-19 has posed major setbacks for the global microfinance market. Microfinance industry has experienced crisis before, such as 2008 Financial crisis; however, at that time, the industry came out effectively and efficiently. Though, the crisis proposed from the outbreak of COVID-19 pandemic is expected to act differently for the
Trust Microfinance and loans Market Impressive Gains including key players: Equi …
Trust Microfinance and loans Market The Global Trust Microfinance and loans Market 2020 Research Report is a professional and in-depth study on the current state of the Trust Microfinance and loans Market industry. Global Trust Microfinance and loans Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2027. Market Overviewing the present digitized world, 80% of the data generated is unstructured. Organizations are using Trust Microfinance and loans technology
Has Brexit affected your pension’s performance?
How Brexit may affect pensions long term is still uncertain, however for now its paramount you check both your pensions’ performance to explore possibilities and solutions elsewhere. The Bank of England resisted cutting interest rates hoping to stabilise a slowdown in the UK economy after the vote to leave the EU. A possible recession as dictated by remain campaigners has yet to show though this is still early days. Whether or not
India MSME Finance Market is projected to reach INR 46 trillion by Base Case Sce …
Ken Research announced its latest publication on “India MSME Finance Market Outlook to 2020 – Driven by Government’s Financial Inclusion Agenda and Newfound Profitability in Segment” which provides a comprehensive analysis of the MSME Finance Market in India. The report covers various aspects such as market size of MSME finance market, demand-supply gap in MSME Finance and market share of various financial institutions. The report also provides competitive landscape and
Newgen launches its DMS OmniDocsTM version 7.0
Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM) has announced the launch of its latest version of Document Management System (DMS) solution OmniDocsTM version 7.0. OmniDocs™ provides a highly scalable, unified repository for securely storing and managing enterprise content. OmniDocsTM 7.0 is an ideal solution for Enterprise archival and retrieval of documents in a high-performance environment. It provides an Enterprise Content Management