Newgen Software, a global provider of low code digital transformation platform, announced that Newgen’s accounts payable solution is recognized in the Forrester® The Accounts Payable Invoice Automation Landscape, Q4 2023 Report”. This report assists CFOs, controllers, business leaders, finance, and payment professionals to understand the value that can be expected from an APIA vendor and identify the most effective and cost-efficient invoice automation solution for their business.
Newgen’s Accounts Payable Solution, built on NewgenONE—a low code platform—is strategically designed to guide organizations along the digital transformation journey to reach the next level of maturity by providing an end-to-end solution as per industry expectations and best practices. Newgen’s Accounts payable solution streamlines the complete process, from omnichannel invoice capture, multi-engine OCR extraction with voting logics, AI/ML validation, touchless processing, posting to ERP, payment processing & archiving the Invoice document. Inbuilt spend management provides tracking spends in real-time through Newgen’s Platform where all the business spending data can be Centralized, Compiled & Organized. Organizations can leverage this solution to achieve true hyperautomation as we use the best-in-class technology to achieve end-to-end automation.
Newgen’s low code platform streamlines finance processes by automating standard operating procedures (SOPs) from initiation to completion. It enhances overall process performance, improves SLAs, and ensures a seamless experience for both users and vendors through a user-friendly vendor collaboration portal. The solution also offers end-to-end visibility into the processes. It incorporates advanced features such as predictive intelligence, intelligent document processing, KPI-focused interactive dashboards, and allows access to data anytime and anywhere. Ultimately, these features contribute to increased efficiency for the accounting team. A unique value adds, Gamified experience for all the business users to keep them competitive while improving their performance.
“At Newgen, we are committed to transforming the finance and accounts function by understanding the unique needs and expectations of finance, vendors, and other stakeholders. Our rich experience of over 30 years in invoice processing helps organizations cover their legacy to modern expectations being met and act as a launch pad for business inclusive strategies, which this report validates as well.” said Runki Goswami, VP, Marketing, Newgen Software.
To access the complete report, read The Forrester® The Accounts Payable Invoice Automation Landscape, Q4 2023 Report. Additionally click here to learn more about how Newgen transforms the finance and accounting function.
About Newgen Software Inc.
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML. Globally, successful enterprises rely on Newgen’s industry-recognized low-code application platform to develop and deploy complex, content-driven, and customer-engaging business applications. From onboarding to service requests, lending to underwriting, and many use cases across industries, Newgen unlocks simple with speed and agility.
For more details, visit www.newgensoft.com