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SOLUTIONS FOR BUSINESS PROCESS & DOCUMENT MANAGEMENT   Case Study                                                         ...
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SAP integrated invoice-settlement solution


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Newgen Case Study on SAP-Integrated Invoice-Settlement Solution.

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SAP integrated invoice-settlement solution

  1. 1. SOLUTIONS FOR BUSINESS PROCESS & DOCUMENT MANAGEMENT Case Study SSC SAP-Integrated Invoice-Settlement Solution For Shared Services Center of a Leading Newgen Software Technologies Pharmaceutical Company Limited is the market leader in Business Process Management (BPM) and Document Management Overview System (DMS), with a global The company, headquartered in India, is an integrated, research based, international footprint of about 750 installations in pharmaceutical company producing a wide range of high quality, affordable generic over 35 countries. More than 100 of these implementations are large, medicines. Trusted by healthcare professionals and patients across geographies, it is mission-critical solutions deployed ranked amongst the top ten generic companies worldwide. at world's leading BFSI, BPO and Fortune Global 500 companies. The Challenge The company runs SAP for accomplishing various Accounting- and Finance-related Newgen is recognized by processes, such as Invoice Verification, TDS Run, Payment Run, Cheque Processing. distinguished analyst firm IDC in its exclusive report “Newgen Software: The company needed a Solution to take care of the daily inflow of thousands of Global Leader in Business Process physical invoices and the supporting documents. Lost invoices had to be obtained from Management and Document the vendor again, resulting in wastage of time and effort. This slowed down the Management Solutions.” With processing of invoices and hence resulted in slow query resolution. HSBC and SAP investment, Newgen is one of the rare product companies The Newgen Solution to have backing of both leading Newgen workflow solution was integrated with SAP. In the first step, all the invoices financial and technology companies of the world. with respective supporting documents are received at the Shared Services Center (SSC), where they are scanned and indexed and then exported into the workflow for Winner of prestigious awards, such further processing. In the next step, exceptions are handled and validations are as CNBC-TV18 “Emerging India performed to ensure correct association between workitems and SAP transactions. Award 2008”, Frost and Sullivan's “Market Leadership Award for Document Management System and The Benefits Workflow Software & Services” and “Distinguished Application Product The Solution has resulted in shorter bill-processing cycles, improved accuracy in Company” by NASSCOM, Newgen’s invoice processing, increased number of invoices processed per employee and Quality Systems are certified against comprehensive audit trail of the process. In addition, image enabling the SAP helped in ISO 9001:2008 and Information smoothening the audit of financial documents and soft archival of paper documents to Security Standard, ISO 27001:2005. meet the compliance standards. Newgen has also been assessed at CMMI Level Newgen prestigious clients include Max New York Life, HSBC, Deutsche Bank, ABN AMRO, ICICI Bank, HDFC Bank, Hua Nan Commercial Bank, Bajaj Allianz, Sahara Life, Royal Sundaram Alliance, IBM Daksh, Wipro BPO, Dow Jones, WNS, UBS, Equinox, Patni BPO, Wividus, Unilever SSC, Ranbaxy SSC, Airtel, Hutch, Idea, Etisalat UAE, Reliance Infocomm, Tata Tele Services, GSL Hongkong, Praxair, Philips, SEC Philippines, Trent Limited, Kuoni Travels and Kenya Airways Corporate Office US UAE Newgen Software Technologies Ltd. Newgen Software Inc. Newgen Software Technologies Ltd. A-6, Satsang Vihar Marg, 1364 Beverly Road, Suite 300 YI 46, PO Box 120586 Qutab Institutional Area, McLean, VA 22101 Sharjah Airport International Free Zone New Delhi - 110 067 INDIA Tel: +1-703-749-2855 Sharjah, United Arab Emirates (UAE) Tel: +91-11-4077 0100, 2696 3571 Email: Email: Fax: +91-11-2685 6936 Email: UK Malaysia Newgen Software Technologies Ltd. Newgen Software Technologies Ltd. 68 Lombard Street, Plaza Sentral SAP-CS-RAN-05 London EC3V, 9LJ Kuala Lumpur Tel: +44-207-868 1736 Malaysia Mobile: +44-78154 96669 Tel: +6017 2527239 Email: Email: