Optimize Costs

Outline and implement a comprehensive and technology-driven strategy to optimize your costs, now and in the long term.

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Tech-enabled cost-reduction can cut indirect costs by up to 20% in 12 to 18 months.
– McKinsey & Company

Enterprises today are striving to optimize their costs without compromising on innovation or customer experience. They are looking to start small for immediate returns on investment, even avoiding a full due diligence in their technology purchase. It is critical that you not only prioritize cutting or managing costs, but also invest in a digitization strategy that aligns with your long-term goals.

You have successfully optimized your costs when

You have analyzed your operations and identified areas for improvement

You have outlined a comprehensive strategy for managing direct and indirect costs

You have automated the eligible tasks and processes within your organization to reduce your operational and administrative costs

You have invested in a scalable, future-proof technology platform to ensure long-term returns

You have implemented new-age technologies, such as robotic process automation and artificial intelligence

You track your optimization initiatives to capture impact and update your strategy

Newgen can help!

Optimize your costs with our products and industry-specific applications
Cost Optimization

eGov Office

  • Streamlined file management
  • Automated query routing and processing
  • Collaborative learning and informed decision making
  • Committee and meeting follow-ups
  • Digital signature and barcode integration
  • Compliance with Manual of Office Procedures

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Cost Optimization

Electronic Document and Records Management

  • Centralized content management
  • Comprehensive content search and retrieval
  • Streamlined information access
  • Unified, platform-based system
  • Data security and integrity
  • Compliance and risk management

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Cost Optimization

Procure-to-Pay

  • RFP comparison and evaluation
  • Self-service vendor portal
  • Omnichannel processing
  • Holistic view of underlying workflows
  • Intelligent document management
  • Unified systems and processes

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Cost Optimization

Order-to-Cash

  • Invoice and communication capture
  • Accounts receivable collection posting
  • Receivables visibility for stakeholders
  • Automated dunning
  • Continuous cash flow tracking
  • Centralized O2C processing

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Cost Optimization

Order Fulfillment

  • Integrated SOPs and checklists
  • Workflow-driven transaction processing
  • Process visibility and flexibility
  • Multiple drilldown reports
  • Alerts and notification triggers

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Brochure: Robotic Process Management for Insurance

Brochure

Robotic Process Management for Insurance

The highly competitive insurance industry is replete with time-consuming, routine, and repetitive tasks which contribute ...

eBook: Successful Implementations in Collaboration with Our Partners

eBook

Successful Implementations in Collaboration with Our...

This eBook shares a glimpse of Newgen’s successful implementations in collaboration with its partners to ...

eBook: Modernize your Customer Communications

eBook

Modernize your Customer Communications

Modern customers want timely, relevant, and accurate communication through their preferred engagement channels. One flawed ...

Case Study: LTI Canada and Newgen Streamline Back Office Operations with an Enterprise Workflow Platform

Case Study

LTI Canada and Newgen Streamline Back Office Operations...

The implementation leveraged agile principles across 200 users, 10 integration points, and 8 critical workflow ...