Equitas selects Newgen solution

Newgen Software Technologies, a provider in business process management (BPM) and enterprise document management, has successfully implemented its suite of DMS products at Equitas, a Chennai-based, microfinance company, reports India PRWire.

With Newgen's solution, Equitas wanted to improve scalability and increase productivity by eliminating document movement, anywhere access, distributed capture and automatic data extraction.

According to Newgen, its experience in business process automation meant it was selected by Equitas to streamline its entire gamut of microfinance operations, backed by a completely automated system that minimises the physical documents and reduces manpower requirements while ensuring high productivity.

Fidelity Investments' National Financial Services (NFS) unit says it is extending internal technology and expertise to its broker-dealer correspondents to help them cut costs and better manage back-office operations, says Securities Industry News.

NFS has developed a new front-end interface for the program, called Business Process Manager, to give correspondents access to Fidelity's technology platform, which processes more than 34 million workflow transactions a year and stores over 350 million documents online.

“We've taken the capabilities and technology that Fidelity is using and leveraged it by putting on a user interface, so correspondents can access it through our Streetscape front end,” said Bobbi Masiello, SVP of new business development for NFS.

OpenSpan, a company that produces specialised middleware that service-enables desktop applications, is introducing a version of its OpenSpan Platform in June that can integrate applications with BPM workflows and Salesforce.com services, states SDTimes.com.

OpenSpan's runtime module intercepts message calls between desktop applications and the Windows operating system, and then interacts with objects in the application.

Its SOA module, which was introduced last July, can inject Web services into desktop applications and, conversely, move desktop functionality into an enterprise service bus or message-oriented middleware.