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Future Generali implements NEWGEN's technology

New Delhi, August 11, 2009 – NEWGEN Software, a leading provider of Business Process Management (BPM) and Document Management System (DMS) solutions, today announced the successful implementation of its DMS solution based on NEWGEN OmniDocs™ at Future Generali, India’s leading Total Insurance Solutions player, to manage new business and policy servicing documents.

Future Generali, the insurance joint venture between India’s Future Group and Generali of Italy, is implementing a Document Management System (DMS). Future Generali has presence in both the Life and Non-Life areas through Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd, respectively.

“With a vast section of the Indian market still relatively uninsured and underinsured, Future Generali envisages a huge potential for growth and is looking at technology as a key enabler in achieving its objectives.” said Mr. Rajeev Shirodkar, Chief Information Officer, Future Generali India Life Insurance Co Ltd. “Efficient management of documents is one of the critical areas for us in ensuring high standards of customer service, and NEWGEN’s comprehensive DMS solution, will enable us to competently manage and monitor our policies.” he added.

Speaking on the implementation, Mr. Punit Jain, Vice President, Sales and Marketing, NEWGEN Software Technologies said, “With this implementation, we are glad to support Future Generali to streamline its processes to sustain information integrity and availability, thereby leading to better productivity and faster decision making."

The DMS is expected to bring about better efficiencies in Future Generali’s operations. The solutions will provide a systematic method for scanning, creating, categorizing, storing, locating, and retrieving structured and unstructured documents. Beyond automating the document handling process, DMS will also yield significant cost benefits in the long run.

Future Generali is currently active through 93 branches across 84 cities and over 30,800 licensed advisors. Besides this large network of agents & branches, Future Generali also actively offers their Insurance solutions across 176 Future Group malls.