Tag: Newgen Software.

News

Newgen Software Launches Innovative Initiative to Empower Women Through Skill Training and Digital Education

May 17, 2024 by Mansi Praharaj 0 Comments #Digital Education, #Newgen Software., #Priyadarshini Nigam, #Wellbeing

May 17, 2024: Newgen Software, a leading global provider of end-to-end digital transformation solutions, unveiled a pioneering initiative aimed at accelerating the skill development and digital prowess of women in underserved communities.

 The inauguration of a dedicated skill development center marks a monumental milestone in Newgen’s commitment to nurturing talent and fostering inclusive growth. The center, located in Okhla, will serve as a hub for imparting skill training and essential digital education to the mothers of the students associated with the company’s flagship social impact project, Newgen Digital Discovery Paathshala (NDDP).

newgen

 Under the umbrella of the NDDP Samarth Saarthi Samuh program, this initiative seeks to transform the lives of women from the Harkesh Nagar and Tekhand localities in Okhla, Delhi. By providing comprehensive digital education and vocational training and promoting holistic well-being, Newgen aims to empower these zealous women with the tools and skills necessary to become self-reliant and thrive in today’s digital age.

 Expressing her enthusiasm at the project launch, Priyadarshini Nigam, Head of CSR at Newgen Software, stated, “This innovative endeavor is a testament to our commitment to building and empowering less privileged girls and women with essential skills and knowledge. We wanted to go a step beyond empowering girls in government schools through our NDDP program and transform their communities.”

 During regular interactions with Newgen’s CSR volunteers at the digital summer camps and weekly online sessions, the mothers of the NDDP students expressed the desire to learn and grow as individuals. Armed with invaluable insights into their lives and communities, Newgen embarked on a journey to uplift these communities and bridge the digital divide through education and skill development.

 In collaboration with well-known NGOs, such as Each One Feed One and I AM Wellbeing, Newgen aims to create a holistic ecosystem that fosters skill development and promotes holistic well-being. Through this multi-faceted approach, Newgen is poised to make a tangible difference in the lives of countless women and their families.

 As Newgen Software continues to champion women’s empowerment, the inauguration of the skill development center represents a beacon of hope and opportunity for future generations.

Business World, News

Newgen Secures a Patent for Remote E-mail Access through SMS

Dec 24, 2020 by Rekha Nair 0 Comments #and Chairman, #Diwakar Nigam, #MD, #Newgen Software.

Chennai (India): Newgen Software, a global provider of low code digital automation platform, has announced that the Indian patent office has granted a patent (No. 351944) for its invention entitled “Remote E-mail Access through Short Message Service (SMS)” for a term of 20 years commencing from the 16th day of February 2010 in accordance with the provisions of the Patents Act, 1970.

The technology enables mobile phones (especially a feature phone) to access email remotely using an SMS or a multimedia messaging service (MMS). It paraphrases the email and converts to a format which is communicable as an SMS/MMS. Further, there is an intelligent message filter and processor which removes the extra information, such as advertisements, disclaimers, and images from the email. The user can reply in the format of an SMS which is then transmitted to the sender as an email.

“We are pleased with the issuance of this patent. It, once again, underlines our commitment to deliver the best-in-class technologies as we proceed to strengthen and empower our clients with cutting-edge applications to help them stay ahead of the curve. The technology will facilitate organizations in enabling customer’s journeys and delivering a delightful experience “ said Diwakar Nigam, MD, and Chairman, Newgen Software.

Annually, Newgen invests 9-10% of its revenue on research and development and has a skilled team of about 500 people with deep domain expertise. The patents acquired by Newgen further strengthen its leadership in building cutting-edge, industry-specific applications, instrumental in driving digital transformation across organizations worldwide.

Newgen has filed 44 patents till date, out of which 17 have been granted in India and the US.

Business World

Accelerate Digital Transformation with Newgen at India NBFC Summit on November 6

Nov 3, 2020 by Gouri Achary 0 Comments #banking applications, #digital transformation, #Diwakar Nigam, #financial institutions, #NBFC Summit, #Newgen Software., #Sunil Pandita

Newgen Software, a global provider of low code digital automation platform, announced that it is participating as a digital transformation partner at the India NBFC Summit, to be held virtually on November 6, 2020.

This event provides a platform for industry experts to come together and share their knowledge about the latest technology trends and solutions for non-banking financial companies (NBFCs). Additionally, the event will feature a session by Sunil Pandita, Vice President – Sales, South Asia, Newgen, where he will share his thoughts on “The Changing Face of Lending – Emerging Trends in the Digital-only World.”

Event participants can connect with Newgen’s subject matter expert at booth #2 to experience Newgen’s offerings for NBFCs, including account opening, loan origination solution, collections and monitoring, and service request management. These digital banking solutions, built on a low code automation platform, help organizations to streamline end-to-end operations, achieve faster turnaround time, and stay on top of regulations. Furthermore, organizations have the flexibility to deploy these solutions either on cloud or on-premise.

“The event is an opportunity for industry leaders and decision-makers to learn how Newgen has been enabling financial institutions to accelerate their digital journey, bring agility into their processes, and transform customer experiences. Newgen’s platform and banking applications lay the foundation for a digital business by securely connecting people, systems, data, and workflows,” said Diwakar Nigam, MD, and Chairman, Newgen Software.

Newgen’s digital automation platform can help NBFCs automate their key processes, bridge content and communication silos, and adhere to regulatory compliances. The platform offers cutting-edge technologies, such as mobility, analytics, cloud, robotic process automation, and artificial intelligence, to help organizations stay current and competitive.

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Business World

Newgen Software Reports Net Profit of Rs 29.2cr in Q2 FY’21, up 220% QoQ

Oct 23, 2020 by Gouri Achary 0 Comments #Mr. Diwakar Nigam, #Newgen Software., #US Bank

The management of Newgen Software Technologies Ltd. announced results for the Quarter ended 30 September 2020 at its Board Meeting held on 21

Speaking about the results, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We are happy to announce good results this quarter. We witnessed demand uptick from our existing customers and new customers with successful remote execution, achieving highly profitable operations.

Going forward, we see a definite shift towards digital transformation, using low code development and cloud platforms. We have been recognized for the first time, in Gartner’s Magic Quadrant for Enterprise Low-Code Application Platforms. Newgen’s platform enables rapid application development and offers scalability and agility to an enterprise.

This low-code market is rapidly growing and is expected to proliferate fast in enterprises in the coming 2-3 years. We are glad to be in the midst of this growth market and see great opportunity for Newgen.

We also acquired 17 new logos in this quarter. In Covid-19 era, digital resilience has become a global priority, and we see increased interest across geographies. We are witnessing strong growth in our cloud revenues and expect to make good progress in the coming quarters.

Superior customer experience, differentiated value proposition and operational efficiency measures remain our key strategies, helping us sustain growth and profitability”.

Key Consolidated Financial Highlights (Q2 FY’21)

Revenue from operations (Consolidated) at Rs 155.0 crores as compared to Rs 154.0 crores in Q2 FY’20 (up 0.7% YoY, 17% QoQ).

· Annuity revenue streams (ATS/AMC, Support, and Cloud/SaaS) witnessed a growth of 8% YoY (12% QoQ) and reached Rs 97.8 crores improving long-term visibility of the business

· Revenue from Sale of Products/License were at Rs 26.4 crores

· Implementation & digitization revenues were at Rs 30.8 crores

EBIDTA up by 350% YoY at Rs 41.1 crores compared to Rs 9.1 crores in Q2 FY’20

Profit after tax up by 592% YoY at Rs 29.2 crores from Rs 4.2 crores in Q2 FY’20 based on strong cost rationalization initiatives undertaken by the Company

Key Business Highlights (Q2 FY’21)

· Newgen has been Positioned as a Niche Player in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, September 30, 2020*. Newgen provides a robust digital platform to automate business processes has flexible licensing and deployment options, with the ability to deliver wider enterprise solutions with tremendous value

· Growth momentum in Cloud continues: Newgen’s cloud-based solutions provide reliable, uninterrupted, and secure service to customers. Cloud revenues witnessed a growth of 42% YoY during the quarter

· Increasing share in the growth markets: Growth momentum continues in new markets. Newgen’s revenues from the US and APAC region witnessed robust growth of 11% YoY and 39% YoY respectively

· 17 New Customer Logos addition in the Quarter, including

o License Deal with a premier student loan financing organisation in the Americas.

o Providing solutions for a very large international bank in Singapore, with more than 150 years of banking history

o Solution implementation for a US Bank

· Accelerated performance in Banking & Financial Services, Shared Services and Government/PSU, verticals with increased demand for digital transformation initiatives in these sectors

· Launched new products – OmniXtract 3.0, an enhanced and efficient version of intelligent data extraction software, which leverages intelligent technologies

*Authored by Paul Vincent, Yefim Natis, Kimihiko Iijima, Jason Wong, Saikat Ray, Akash Jain, and Adrian Leow

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Business World

Newgen Recognized for the First Time in Gartner Magic Quadrant for Enterprise Low-Code Application Platforms

Oct 12, 2020 by Gouri Achary 0 Comments #Adrian Leow, #Akash Jain, #Diwakar Nigam, #Gartner Magic Quadrant, #Jason Wong, #Kimihiko Iijima, #Newgen Software., #Niche Player, #Paul Vincent, #Saikat Ray, #Yefim Natis

Newgen Software, a global provider of low code digital automation platform, announced that it has been positioned as a Niche Player in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, September 30, 2020, authored by Paul Vincent* et al.

The report evaluated 18 different low code application platform vendors and has named Newgen for the first time. The complimentary copy of the Gartner report can be downloaded from the Newgen website.

“Enterprises today look for speed and agility, and we believe this recognition by Gartner validates our efforts towards empowering our customers in rapidly building and deploying applications with a low code platform. We are continuing to foster a culture of innovation and make our platform more intuitive for both IT and business developers,” said Diwakar Nigam, MD and Chairman, Newgen Software.

Gartner estimates, “By 2023, over 50% of medium to large enterprises will have adopted an LCAP as one of their strategic application platforms.”

Newgen’s low code digital automation platform enables a modeling-driven environment to design and develop end-to-end applications and processes, reducing IT dependency, increasing process and operational efficiency, and delivering superior customer experience.

*Authored by Paul Vincent, Yefim Natis, Kimihiko Iijima, Jason Wong, Saikat Ray, Akash Jain, and Adrian Leow

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Business World

Newgen Launches a New Partner Portal to Support its Global Partner Ecosystem

Oct 4, 2020 by Gouri Achary 0 Comments #Diwakar Nigam, #Global Partner Ecosystem, #Manojit Majumdar, #New Partner Portal, #Newgen Software.

Newgen Software, a global provider of low code digital automation platform, is pleased to announce the launch of a new partner relationship management portal to enable and support its global channel of partners. The portal has been redesigned to make it easier for partners to register leads and get quick access to marketing and sales repository and information about Newgen’s platform and products.

“The new portal will act as a guide to onboard our partners and familiarize them with our products and industry-specific applications. We aim to enable our partners to expand their network, accelerate our mutual business growth and stay ahead of the competition” said Diwakar Nigam, MD and Chairman, Newgen Software.

“We have created a one-stop platform for all the information related to Newgen’s partner programs. The objective is to help our partners gain more control, visibility, and transparency in their interactions. We look forward to continuing enabling and strengthening our partners for a long-lasting relationship and mutual growth,” said Manojit Majumdar, Vice President, Channels, Newgen Software.

Key features of the new partner portal include:

· Learning cues and platform resources to provide information about Newgen’s products and solutions

· Role-based and guided learning materials, such as training documents, sales kit, software manuals, marketing literature, certifications, and training calendar

· Specialized marketing templates that can be customized to suit any organization

· Personalized landing page with relevant content and contact information for engaging with a prospect or a customer

· Centralized location to manage deal registration and pipeline with improved visibility and transparency

· Newgen lab where the partner’s resources can work on the Newgen applications in real-time

The new partner relationship management portal can be securely accessed at https://partners.newgensoft.com/

Technology

Streamline End-to-end Records and Ensure Compliance with Newgen’s Advanced Records Management System

Aug 18, 2020 by Gouri Achary 0 Comments #and Chairman, #Diwakar Nigam, #MD, #Newgen Software., #records management system (RMS)

Chennai (India), 18th August 2020: Newgen Software, a global provider of low code digital automation platform for managing content, processes, and communication, has launched RMS 3.0 service pack 1, an enhanced version of its records management system (RMS).

The latest version of the software enables end-to-end management of physical and electronic documents and records while retaining their integrity and authenticity. The software manages record lifecycle, from creation, usage, storage, and maintenance to destruction or preservation, per the organizational policies and legal mandates. It enables indexing, archival, movement tracking, and search of documents and helps define the filing, retention, and preservation rules for records.

“In times when paper-based records are becoming irrelevant and organizations are embracing a digital-only environment, it is critical to have an efficient records management system. The enhanced version of our records management software will help organizations simplify the process of managing business-critical records while maintaining security and ensuring regulatory compliance. Organizations will be able to easily store, manage, and access vital records, enabling smarter decision-making, increased efficiency, and enhanced customer experience. Moreover, employees can avoid touching paper-based documents,” said Diwakar Nigam, MD, and Chairman, Newgen Software.

Key features of the new version include:

· UI/UX and Usability Enhancements: The user interface (UI) has been refreshed using responsive design framework for a better user experience

· Enhanced Security: RMS admin and web panels are now separated, and only authorized users can access the admin panel. New security-related component—security classification—has been added

· Improved Compliance: The software is compliant with the United States Department of Defense (DoD) 5015.02 Standard for Records Management (DoD 5015.02 -STD April 2007), and NRAA (National Records & Archives Authority, Oman)

· Easy Search Capabilities: Users can search records based on their content and metadata through a single search text box

· Incorporation of EasyRMS: EasyRMS has been incorporated which allows users to access functionalities of RMS from OmniDocs

Newgen products are built on its digital automation platform, with low code capability. The platform enables rapid business application development and offers agility for sustainable and continuous improvement, thereby future-proofing enterprises. Furthermore, the platform’s capabilities, including mobility, social sensing, analytics, cloud, robotic process automation, and artificial intelligence help in accelerating the digital initiatives of enterprises.