http://www.newgensoft.com/digital-transformation/
The global technology landscape is witnessing an era of digital transformation. Initially driven by compliance requirements, digitization and process automation have now moved center stage. Enterprises today need business agility to respond to the changing market dynamics. Business success demands enhanced customer experience, faster delivery of services/products to customers, enhanced process transparency, and better compliance levels. Enterprises – large and small, are investing in technology solutions that can drive differentiation. Success will depend on how well you can optimize your IT expenditure. By investing in innovative technologies businesses can ensure continuous adaptation to changes, and also avoid huge recurring investments in restructuring their IT infrastructures.
2. Key Benefits of Digital Transformation
Increase in employee efficiency and productivity
Reduction in bill payment cycle
Better audit and compliance management
Establishment of an efficient tracking and monitoring mechanism
Reduction in cost incurred per employee
Efficient utilization of capital assets and infrastructure
Scalable solution that enables faster rollout of initiatives
**Study done by Deloitte for one of Newgen Customers
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3. Newgen Overview
• Products in Enterprise Content Management, Business Process Offices
Management and Customer Communication Management. India
USA
• No 1 in India. UAE
Singapore
• Global footprint in 50 countries
• 1200 people strong 20 years old organization
• 35 Patents for its own products
Rare product company to be in both ”Business Process
Management and Enterprise Content Management” Magic
Quadrant of Gartner
2011 Wave Report for DOCCM (Document
Output for Customer Communication)
Decision Matrix for BPM, 2011
“Top 3 Value for Money BPM Vendor”
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4. Some of Our Prestigious Customers
Banking &
Finance
Insurance
BPO &
Shared
Services
Telecom
Others
5. Pain Areas – Process Management
Risk of damage or
loss, when files Uniform
are physically Distribution of
moved between work
locations
Leakage of
Exception Information
Handling &
Duplication Costs
Real Time
Monitoring
(Current status of
data or
resources)
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7. Advantage of Digital Transformation
Digital
As Is Process Transformation Value Adds
Visibility at Index the
Fill in Head Office documents
Executive Forms/Gener Send Physical
Documents Exceptions
at Branch scanned and handled at this
ate Files to Centre Reduction in Turn Around Time
uploaded stage
Document
Image Assisted Automatic
Data Entry escalations
Check Courier
documents documents to Parallel Verification becomes easier
for Central Head Routing
Head Completion Office Images sent to Rule based No Physical
Office Central Head Routing movement for
Validations & Office resolutions
Approval Exception
Checking the
Process Management
details Can view electronic images for
reference
Process Automatic
Manual Automatic
Initiate the Update the Monitoring Document
Process Process
Document
Process Online
Archival of
Archival
Handling Documents
SLA Management
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11. End To End Newgen Solutioning- Phase II
Scanning (OmniScan) Workflow automation
(Omni Flow)
Business Activity
Archiving
Monitoring – Real
(OmniDocs)
Time Reports
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12. To Sum it up
Leaner operations focus on value
Greater
Greater compliance & governance add task
Greater Leverage on best cost-quality model
Adoptioncontrol on operations
of right and optimized
Effective Leaner operations
processes use of resources
SubstantialGreater focus costs , Quick
cost time and
Reduced training benefits on business
on-boarding Highly productive organization
Faster expansions
Faster turn around times
Greater compliance
No redundancies
Elimination of non value
Timely access to
add tasks
information
Improved cost of
Improved use of
operations
information Optimize
Greater collaboration
Associated cost Centralize
benefits
Standardize
Automate
Digitize
14. 135% ROI Achieved
Challenges: Benefits:
• Reduction in Bill Payment Cycle Seamless integration of Workflow with SAP
• Auditory Compliance
Resource Optimization
• Cost Reduction
Turn around time brought down from over 5
• Efficient utilization of capital assets and days to under 3 days
infrastructure
135% ROI achieved over 3 years
• Tracking and monitoring of work
Additional benefit in retrieving documents for
Auditory Compliance.
Process Automated:
Accounts Payable
15. Implementation across 25 countries
Benefits:
Challenges:
• Serving multiple entities across the globe Centralized processing of transactions in 3
locations for 25 countries
• Developing an integrated framework with
Major Cost Reduction of transactions
multiple ERP systems - MFG Pro, BPCS etc,
for three way match, cost codes verification. Country specific processes automated on
single platform
• Fulfill country specific localized version needs.
Comprehensive auditing facilities
Processes Automated:
• Accounts Payable Implementation in English and Chinese
language
• Accounts Receivable
• Vendor Bills
• Freight Bills
• Purchase Order
• Purchase Requisition
16. Lets make a difference together
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Contact us to know more on Digital Transformation
Newgen Software Technologies Ltd
D-162, Okhla Phase-1, New Delhi , India
partners@newgen.co.in
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Notes de l'éditeur
What is most important to you as a business? – YOUR CUSTOMERS !You need to maintain quickly available information about your customers, your products and processes.Digital transformation, digitizes the information and helps you move information at a very rapid pace. It maps your existing processes, automates the processes, keeps provisions for managing exceptions. It reduces human intervention as much as practically possible.You need to make sure that you deliver on time to your customers so that they stay with you for the long term. It is always more profitable to work with an existing customer then acquire a new one.You need to acquire new customers through faster processes before your competitors can tap them.You need to deploy revenue generating services more quickly.