Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Enterprise Document Management, today announced the successful implementation of its suite of DMS products at Equitas, a Chennai-based, Microfinance Company to streamline the existing processes leading to increased productivity.
Equitas, a leading microfinance company, has over 700 employees and operates out of 90 locations. With Newgen’s solution, Equitas wanted to improve scalability and increase productivity by eliminating document movement, anywhere access, distributed capture and automatic data extraction.
Newgen, with its vast experience in business process automation, was selected by Equitas to streamline its entire gamut of Microfinance operations, backed by a completely automated system that minimizes the physical documents and reduces manpower requirements while ensuring high productivity.
Speaking on the implementation, Mr. Diwakar Nigam – Managing Director, Newgen Software, said “The impact of the implementation of the Newgen solution has been two-fold – better coordination and greater efficiency. We will look forward to strengthening our relationship with Equitas as they expand their business rapidly in the country to stay ahead in business.”
“We have greatly benefited in terms of cutting down the number of processes, reducing data capture time and improving the quality of data to a large extent,” said Mr. H Mahalingam, Chief Technology Officer, Equitas. “In fact, we could achieve three-fold increase in production without any investment in resource or space.”
The Newgen solution enabled better coordination of sales officers with customers and among other stakeholders for any discrepancy in the membership application forms like missing information or insufficient documentation. The solution also enables seamless data exchange with the core application Bankers Realm and easy replacement of documents and data.