Newgen has published a whitepaper titled, Critical Success Factors for Large Digitisation Projects.

Large scale digitisation of documents involved in the core business processes is one of the key organisational requirements for financial institutions.

Modern banking and financial institutions have achieved transformational results through the power of digitisation by gaining speed of response, adhering to compliance mandates (such as KYC), margin protection and ability to scale-up the operations by supporting high-volumes of transactions. For modern financial institutions today, digitisation is of vital importance for creating a cost effective route to differentiation.

This white paper is aimed at highlighting the key challenges and critical success factors involved in ensuring success of a digitisation project. It talks about some of the successful measures that organisations have taken to address these issues. The paper discusses the following topics:

• What are the major digitisation challenges and how to address them?

• Why a document management system is a must for implementing a web enabled, secure and scalable repository of digitised documents?

• How technology can be used to produce certified print copies of documents and certificates?

• A landmark case study, where 7 billion documents have been successfully digitised and are being used by 25000 business users