Newgen Software Technologies has announced that it has successfully implemented three processes for Trade Finance at Karnataka Bank.

According to  Punit Jain, VP, Sales and Marketing, Newgen  Software  Technologies, "Our implementation at Karnataka Bank has  been  a  very  satisfying experience for both the parties. Through our innovative solutions, we have built a strong relationship with Karnataka bank.  The bank has already chosen Newgen for providing Cheque Truncation solution.  With   this   implementation, we would further cement  this mutually-beneficial relationship."

Newgen's solution includes implementation of three Trade Finance processes, a) Customer Master, b) Credit Report Master, and c) Pre shipment PC Release using  its  BPM  suite  comprising  of  OmniFlow, OmniDocs  and  OmniScan.  Initially Newgen's solution will be used at 30 branches across the country.

The bank expects reduction in courier and printing costs, shortened customer service   time,   better-managed   and   well-tracked   processes,  better accountability, and improved productivity of employees.