Karnataka Bank Implements Newgen BPM Solution

Newgen Software Technologies, a player in the Business Process Management (BPM) and Document Management System (DMS) space, has successfully implemented three processes for trade finance at Karnataka Bank.

Punit Jain, vice president, Sales and Marketing, Newgen Software Technologies, said, “Our implementation at Karnataka bank has been a very satisfying experience for both the parties. Through our solutions, we have built a strong relationship with Karnataka bank. The bank has already chosen Newgen for providing a check truncation solution. With this implementation, we would further cement this mutually-beneficial relationship.”

The Newgen solution includes implementation of three trade finance processes, a) Customer Master, b) Credit Report Master, and c) Pre-shipment PC Release using its BPM suite comprising OmniFlow, OmniDocs and OmniScan. Initially, the Newgen solution will be used at 30 branches across the country.

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The bank expects to cut down on courier and printing costs, customer service time and have better-managed and -tracked processes, better accountability, and improved productivity of employees.