Newgen Software has been selected as a finalist for the PC Quest – ‘India’s Top Software Projects 2012 Awards.’ We had nominated our esteemed client L&T Finance for this prestigious award. The award identifies and recognizes the best software projects developed by India’s software companies.
Newgen’s solution that consisted of its proven products –OmniFlow (Business Process Management), OmniDocs (Document Management Repository) and OmniScan (bulk scanning of documents) enabled L&T Finance to acquire a custom-made system that accelerated the company’s vehicle loan booking process. The Newgen solution helped to reduce the high turnaround times that L&T Finance was facing. It also astutely checked the inefficient tracking of loan documentation. L&T Finance was able to improve its operational efficiency and file over 200,000 cases in 6 months. Other key benefits accrued by the client included 75% reduction in Turn-Around-Time and 80% fall in operational costs.