NEW DELHI, October 3, 2013 /PRNewswire/ --
Newgen Successfully Organizes Conference on "Finance & Accounting Transformation" in Delhi
Newgen Software, a leading global provider of Business Process Management, Enterprise Content Management, and Customer Communication Management solutions, successfully hosted a thought leadership conference titled "Finance and Accounting Transformation - A Leap Forward" in Delhi recently.
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Garnering tremendous industry support from business leaders and industry analysts, it provided an ideal platform for experts to deliberate upon developing the most effective strategy for business process transformation. Change management and standardization were identified as the major challenges, while lot of emphasis was given on finding the right technology partner that can render incessant support for driving this enterprise wide transition.
Mathew George, VP Core Finance & Head of Shared Services, HCL shared his experience of implementing Newgen's solution to manage HCL's F&A processes. Emphasizing on the enhanced visibility achieved through end-to-end invoice tracking, he exclaimed, "We have been able to establish a customized workflow where 80% payments are directly managed by the system. This has resulted in enhanced controllership, eliminating manual processes and improving vendor satisfaction."
Gaurav Gupta, Sr. Director, Deloitte shared some startling facts about the Shared Services Centers (SSCs) industry. According to a recent survey, while integrating transactional processes continue to remain the focus, 82% of respondents also expressed plans to bring knowledge based processes under the SSC umbrella.
An intriguing panel discussion then ensued, chaired by S. Sriram, Presales Head, Newgen, and having Gaurav Gupta, Mathew George, and Gerald Sun, VP Commercial Products (APAC & MEA), MasterCard Worldwide, on the panel. The consensus on best approach towards process automation was to get into the transformation mode and then initiate standardization, unless the process is completely broken and inefficient.
Ari Sarker, Division President, South Asia, MasterCard added, "The integration of Newgen with MasterCard Purchase Control will be a significant step forward in transforming the way large corporate pay their suppliers. The system will go a long way towards eliminating paper movements, inefficient processes, minimizing reconciliation issues while enabling faster realization to suppliers."
About Newgen
Newgen Software is a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), Document Management System (DMS), Workflow and Process Automation. The company has a global footprint of 1000+ installations in over 50 countries with large, mission-critical solutions that have been deployed at the world's leading banks, insurance firms, BPO's, healthcare organizations, government, telecom companies and Shared Service Centers. www.newgensoft.com
Primary Media Contact: Asif Khan, [email protected], 91-11-40770100
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