Patent to further augment Newgen’s offerings and strengthen product portfolio
June 10, 2021: Newgen Software, a global provider of low code digital transformation platform, has announced that the Indian patent office has granted a patent (No. 367606) for an invention titled “Online Collaborative Signing of Documents.” This is for a term of 20 years commencing from November 18, 2010, in accordance with the provisions of the Patents Act, 1970.
The invention offers an enriched digital signature solution for the collaborative signing of documents with automatic verification of user device, identity, and signatures. The documents in the system are accessed via an interface and further authenticated with user device ID management and digital rights management. Additionally, the system also includes a workflow manager which manages the flow of signed and unsigned documents, enabling collaborative signing and automatic signature verification. Furthermore, the detailed information is secured in a hash generator.
“We are delighted with the issue of this patent which underlines our commitment to constantly deliver state-of-the-art products and solutions. This invention reflects Newgen’s capabilities to enable fast, real-time, and secure execution of mission-critical processes. We look forward to continue innovating our offerings and empowering our customers to future-proof their operations,” said Diwakar Nigam, MD, and Chairman, Newgen Software.
Newgen has filed 44 patents till date, out of which 20 have been granted in India and the US. The patents acquired by Newgen further strengthen its leadership in building cutting-edge, industry-specific applications, instrumental in driving digital transformation.
Annually, Newgen invests 9-10% of its revenue on research and development and has a skilled team of about 500 people with deep domain expertise.
About Newgen Software Technologies Limited:
Newgen is a leading provider of low code digital automation platform. Globally, successful financial institutions, insurance, government, and shared services organizations rely on Newgen’s industry-recognized products and applications—to manage their processes (BPM), content (ECM), and communications (CCM)—for connected operations. From customer onboarding to service requests, from loans and deposits to underwriting, and many more, Newgen’s industry applications transform business-critical operations with agility. Newgen’s cloud-based platform enables digital transformation initiatives for superior customer experience, optimized costs, and improved efficiencies.
For more details, visit www.newgensoft.com