Newgen Software Technologies Limited offers Image-Based Clearing System. Newgen Software Technologies Limited supplies Business Process Management [BPM] and Enterprise Content Management [ECM] systems. The Image-Based Clearing System promises to bring multiple benefits to customers by substantially reducing the time taken to clear the cheques as well as to the banks by enabling them to offer better customer services and increasing operational efficiency by cutting down on overheads in physical clearing. The Image-Based Clearing System uses the cheque image, instead of the physical cheque itself, for clearing of the cheque. The cheque image is truncated at the presenting bank.
