Newgen enhances loan origination solution capabilities

Newgen Software Inc., a provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) platforms, has announced the release of its new Commercial Loan Origination Solution (CLOS), designed for large and mid-sized banks, the company said.

It addresses the need of automating complex processes across departments while ensuring customer delight. The solution ensures capture of information as per bank-specific business operations, products, regulatory frameworks and Business Intelligence (BI), making it future-ready.

The solution offers a unique Configurable Unified Platform (CUP), which automates the complete lending cycle. It is built on an adaptive framework to enable credit origination, approval and monitoring in a paperless and electronically driven workflow environment.

Banks can make quick changes to their lending processes to introduce new products in no time. It provides a unified approach by facilitating the integration to multiple distinct platforms within the bank´s IT landscape.

Newgen Software Inc., is a provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) platforms with large, mission-critical solutions deployed at world´s banks, insurance firms, healthcare organizations, governments, BPO´s and telecom companies. For more information, visit http://www.newgensoft.com.