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Newgen begins roadshows for cheque truncation solutions
Publish Date : 3/11/2005 1:16:00 PM Source : Software and ERP News ExpressNewsline.com
Newgen Software Technologies Ltd, today began a roadshow on `cheque truncation' in collaboration with Microsoft.
Cheque truncation allows banks to process cheques based on electronic images of cheques and cuts out the flow of paper cheques for outward and inward clearing, the company said in a release here today.
Cheque truncation leads to faster clearance, higher efficiencies and better-managed operations. Newgen's solutions include `ChequeXchange,' `ChequeFlow' and `ChequeFlow Lite", the release said.
Newgen's solutions offer a platform to automate the process of cheque clearance with the help of image-based solutions that would ease operations and save time and cost to process cheques, said Punit Jain, vice-president (sales and marketing).
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