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Release ID: 3584

Newgen implements BPM solution at Financial Technologies

Newgen Software, a market leader in BPM and DMS announced successful implementation of its BPM solution at Financial Technologies(FT). Newgen automated the processes for Loan Processing, Reimbursement, Employee Expense Management and Travel, and is currently implementing the Procurement, Performance Management System, MCX Networks and Back Office processes.

New Delhi, ( Freightnet ) February 19, 2009 - Newgen Software Technologies Limited, a market leader in Business Process Management (http://www.newgensoft.com/BPM.asp) BPM and Enterprise Document Management (EDM), today announced that it has successfully implemented BPM solution at Financial Technologies. Financial Technologies provides comprehensive end-to-end solutions for the securities industry vertical encompassing the entire trade lifecycle of pre-trade, trade and post-trade processing.



Newgen’s solution has automated various processes at Financial Technologies related to Loan Processing, Employee Reimbursement, Employee Expense Management and Travel, Employee Exit and Clearance, among others. Newgen is currently implementing processes related to Procurement, Performance Management System, MCX Networks and Back Office processes.



Speaking of the successful implementation of their solution, Diwakar Nigam, Managing Director, Newgen Software Technologies, said, “We are delighted that Financial Technologies has chosen Newgen Software. I am sure our BPM solution will greatly help Financial Technologies on its high growth path.”



Speaking of Newgen’s solution, Paras Ajmera, Director - Operations, Financial Technologies said, “We have selected Newgen Software to implement automation through BPM and EDM process as our preferred vendor for our various solutions.”



About Newgen Software



Newgen Software Technologies Limited (http://www.newgensoft.com) is the market leader in Business Process Management (BPM) and Document Management System (http://www.newgensoft.com/DMS.asp) DMS, with a global footprint of about 700 installations in over 30 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:

Prachi Singh

20:20 MEDIA

0124- 2560310-14

Vivek Chauhan

Newgen Software Technologies Limited

011-26815467



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