Newgen's Clients Win in Two Categories of Excellence Awards at Finance & Accounting Shared Services

Online, August 30, 2011 (Newswire.com) - Newgen Software Technologies limited, a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), today announced that its esteemed clients, Unilever and Future Group, have been declared winners of the Excellence Awards for Finance & Accounting (F&A) Transformation through Shared Services. The awards were presented on August 5, at the National Conclave on F & A Transformation through Shared Services under the aegis of All India Management Association (AIMA) and Delhi Management Association (DMA), in New Delhi.

These Awards have been established to honor, recognize and promote transformational strategies for F&A that demonstrate winning practices. Unilever Shared Service (erstwhile Indigo) was recognized under the category of Excellence in Servicing Clients in the Sub-continent. The Future Group Shared Service won the award for Excellence in Strategy towards Financial Transformation.

"I congratulate our esteemed customers on rightfully winning the Excellence Awards" said Mr. Hareish Gur, VP, Newgen Software, speaking on the occasion. He added "While India has deservingly become the world's back office, Newgen has emerged as the global leader in technology solutions for Shared Services and BPOs. Typically, our customers start with F&A Automation, and no sooner they see the gains in productivity, process cycle times and quality of output, they scale up to automate other areas such as Procurement, HR, Infrastructure, etc., using the same Newgen platform"

The Awards, poised to be the industry's benchmark in terms of the best practice for functional excellence in F&A, received nominations from several leading organizations across India. An accomplished panel of CFOs, Shared Services Experts and industry leaders objectively evaluated the true effectiveness of these organizations' transformational initiatives, to arrive at the winners. RvaluE, a leading consulting firm in the space of Shared Services was the Knowledge Partner for the event.

About Newgen
Newgen Software Technologies Limited (newgensoft.com) is the market leader in Business Process Management (BPM) and Enterprise Content management (ECM), with a global footprint of 800 installations in over 40 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPO's, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers.

The company has been recognized by distinguished analyst firms like Frost and Sullivan as A 'Hot Company to Watch for' in their global ECM Market report, 2009 and by IDC in its exclusive report "Newgen Software: Global Leader in Business Process Management and Document Management Solutions". Newgen is a winner of prestigious awards, such as the CNBC-TV18,"Emerging India Award 2008".
With HSBC and SAP investment, Newgen is one of the rare product companies to have backing of both leading financial and technology companies of the world. Newgen's Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMi Level3