Newgen Software - Newgen conducts alley appearance on 'Electronic Fund Transfer' in Bangladesh

Newgen Software Technologies Limited, a bazaar baton in Business Process Management (BPM) and Enterprise Document Management (EDM), today appear that it has alien cyberbanking armamentarium alteration arrangement to Bangladesh as the borderline for arising alluring ink appearance acceptance coded checkbooks by banks is appointed to go abide from aboriginal November this year.

The arrangement was alien at a road-show on 'Electronic Fund Transfer (EFT), organized accordingly with a bounded close Tech Valley Computers Limited.

Speaking on the accent of Electronic Fund Transfer, Mr. Punit Jain, Senior Vice President Newgen, said “The accounts-payable transaction action is generally annoying and time-consuming, consistent in cher action cycles. Each business allowances from automated transaction processes through bargain costs and bigger operational efficiencies. The EFT can bright up abounding problems faced by banks while processing the checks."

He added, “Once implemented, the arrangement will add amount to the operations of the banks. EFT has been auspiciously alien in abounding banks in India, Saudi Arabia and United Arab Emirates. Some banks in Ghana and Kenya are aswell in the pipeline.”

EFT uses computer and cyberbanking technology as a acting for checks and added cardboard transactions. It is a arrangement of appointment money from one case anniversary anon to addition after any cardboard money alteration hands.

The allowances of EFT arrangement includes maker-checker at every stage, absolute time affiliation with cyberbanking application, aliment of continuing instruction, bigger acknowledgment to chump queries and analysis aisle on who-did-what-when concept. A absolute of 30 banks including 18 from India, six from United Arab Emirates, two from Saudi Arabia are operating application the EFT.

The alley appearance witnessed accord from abounding banks in Bangladesh. Newgen has bagged its aboriginal adjustment in Bangladesh for the accomplishing of EFT and is hopeful that abounding added banks in Bangladesh will be adopting their services.

About Newgen Software

Newgen Software Technologies Limited is the bazaar baton in Business Process Management (BPM) and Document Management System (DMS), with a all-around brand of about 750 installations in over 35 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world's arch BFSI, BPO and Fortune Global 500 companies.

Newgen is accustomed by acclaimed analyst close IDC in its absolute address “Newgen Software: Global Leader in Business Process Management and Document Management Solutions.” With HSBC and SAP investment, Newgen is one of the attenuate artefact companies to accept abetment of both arch banking and technology companies of the world.

Winner of celebrated awards, such as CNBC-TV18 “Emerging India Award 2008”, Frost and Sullivan's “Market Leadership Award for Document Management System and Workflow Software & Services” and “Distinguished Application Product Company” by NASSCOM, Newgen’s Quality Systems are certified adjoin ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has aswell been adjourned at CMMI Level3.

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