Thomas Cook India and SOTC Selects Newgen for Streamlining its Accounts Payable Process
The implementation to benefit 5,000 vendors and 550 users across 10 departments
May 09, 2022: Newgen Software, a global provider of low code digital transformation platform, has announced that Thomas Cook (India) Ltd., India’s leading omnichannel travel services company and its Group Company, SOTC Travel, have selected Newgen to digitize their accounts payable (AP) process.
Leveraging Newgen’s Accounts Payable Solution—built on the NewgenONE Digital Transformation Platform—the Companies will be able to create a consolidated process for all invoice processing flows and ensure a seamless collaboration amongst users and departments.
Equipped with various capabilities, including multi-channel initiation of transactions, auto-extraction of invoice header data, exception management, auto verification and validations, comprehensive dashboards, and identification of duplicate entries before releasing payments, the solution will empower Thomas Cook India and SOTC to prioritize faster invoice processing for their MSME vendors, ensure traceability and transparency across the process. Furthermore, the solution’s robust integration with SAP, front end, and third-party systems, such as CANVAS, Mantra, and ICONIC will help them in staying compliant.
“Our digital first strategy ensures we leverage digital opportunities to create a secure, seamless and contactless experience for our customers. With Newgen’s solution, we look forward to expediting our end-to-end AP lifecycle while reducing turnaround times, improving visibility, and ensuring adherence with various compliance mandates,” said Mr. Amit Madhan, President & Group Head – Information Technology & E-Business, for Thomas Cook (India) & SOTC.
“We are delighted that Thomas Cook chose us as their digital transformation partner. Our solution will help their users to leverage the vendor portal and efficiently manage purchase orders (PO), non-PO, credit & debit notes, and voucher-based & advance invoices. In addition, the organization will be able to standardize and harmonize AP functions while drastically reducing turnaround times, boosting workforce productivity, and maximizing operational excellence,” said Virender Jeet, CEO, Newgen Software.
About Thomas Cook (India) Limited
Set up in 1881, Thomas Cook India) Limited. (TCIL) is the leading omnichannel travel company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, Visa and Passport services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Travel Circle International Limited (TCI 勝景遊), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa.
As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group spans 25 countries across 5 continents.
For more information, please visit www.thomascook.in
About Newgen Software Technologies Limited
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. 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 on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.
For more information, visit www.newgensoft.com