|By PR Newswire||
|March 2, 2014 11:00 PM EST||
DUBAI, UAE, March 3, 2014 /PRNewswire/ --
- Newgen BPM Platform Enables the Bank to Transform its Loan Origination Processes
Newgen Software, a leading global provider of Business Process Management, Enterprise Content Management, and Customer Communication Management solutions, today announced that its client Bank Dhofar has been recognized for its exemplary implementation of Newgen's BPM platform, to automate its loan origination and credit card processes. The Workflow Management Coalition (WfMC) declared Bank Dhofar as winner in the Banking and Financial Services - Loan Origination category.
"It is an honor to receive this prestigious award," commented Dr. Tariq Taha, Chief Information & Transformation Officer, Bank Dhofar. "This award is a testament to our commitment of being at the forefront of the technology led change that the banking landscape in the Middle East is witnessing. Newgen has been the perfect partner for us. Its robust BPM platform and agile implementation helped us smoothly transition our loan origination and credit card processes to an automated environment."
Speaking about the bank's success Diwakar Nigam, CEO, Newgen Software said, "I congratulate Bank Dhofar on winning the WfMC award. At Newgen it has been our endeavor to partner our clients' success stories by providing innovative technology solutions that keep them ahead of competition."
The Newgen implementation enabled Bank Dhofar to streamline its processes and drive down operational costs drastically. Post implementation the turnaround time for retail loan approval was reduced from 7 days to 1 day, and the turnaround time for credit card approval process was reduced from 5 days to 1 day. SLA adherence increased to 99%.
Co-sponsored by WfMC and BPM.com, these prestigious awards recognize user organizations that have demonstrably excelled in implementing innovative business process solutions to meet strategic business objectives. The awards, conducted annually, are jointly sponsored by WfMC and BPM.com and the program is managed by Future Strategies Inc.
About Newgen (http://www.newgensoft.com )
Newgen Software is a leading global provider of Business Process Management (BPM), Enterprise Content management (ECM) and Customer Communication Management (CCM), with a global footprint of 1000 installations in over 50 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPO's, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers. Newgen's Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMi Level 3.
Contact: Asif Khan , Email : [email protected], Tel : +971-44-54-13-65
Sep. 28, 2016 06:15 PM EDT Reads: 248
Sep. 28, 2016 06:00 PM EDT Reads: 1,761
Sep. 28, 2016 05:15 PM EDT Reads: 218
Sep. 28, 2016 05:15 PM EDT Reads: 218
Sep. 28, 2016 05:00 PM EDT Reads: 1,715
Sep. 28, 2016 04:45 PM EDT Reads: 358
Sep. 28, 2016 04:30 PM EDT Reads: 2,804
Sep. 28, 2016 04:15 PM EDT Reads: 1,485
Sep. 28, 2016 04:15 PM EDT Reads: 2,428
Sep. 28, 2016 04:15 PM EDT Reads: 1,863
Sep. 28, 2016 04:00 PM EDT Reads: 1,481
Sep. 28, 2016 03:15 PM EDT Reads: 4,144
Sep. 28, 2016 03:15 PM EDT Reads: 353
Sep. 28, 2016 03:15 PM EDT Reads: 1,308
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 28, 2016 03:00 PM EDT Reads: 3,868