Karnataka Bank Implements Newgen BPM Solution

Newgen Software Technologies has announced that it has successfully implemented three processes for Trade Finance at Karnataka Bank.

According to Punit Jain, VP, Sales and Marketing, Newgen Software Technologies, "Our implementation at Karnataka Bank has been a very satisfying experience for both the parties. Through our innovative solutions, we have built a strong relationship with Karnataka bank. The bank has already chosen Newgen for providing Cheque Truncation solution. With this implementation, we would further cement this mutually-beneficial relationship."

Newgen's 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 of OmniFlow, OmniDocs and OmniScan. Initially Newgen's solution will be used at 30 branches across the country.

The bank expects reduction in courier and printing costs, shortened customer service time, better-managed and well-tracked processes, better accountability, and improved productivity of employees.

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