Dear {FIRST_NAME} {LAST_NAME}, 

This is an interactive Omni-Connect monthly newsletter brought to you by Omnitech InfoSolutions.We would welcome your inputs as comments and suggestions to make this newsletter more informative and useful for you.

If you wish to present your articles/stories/ share testimonials for us through our newsletter, kindly send an email on marketing@omnitechindia.com. We would be glad to promote our esteemed customers and prospects.

Best Regards
Ayan Mitra - Head of Marketing - Omnitech InfoSolutions Ltd.

EXPENSE WORKFLOW AND COMPLIANCE MANAGEMENT SOLUTION CASE STUDY-
For a leading financial Institute

The client is one of the most prolific providers of Registry Services in India. It has established a reputation of servicing clients with accuracy, efficiency and speed using technology enabled back office processes right from the early days of its operations.

Click here to download case study (Pdf)

 BFSI Industry Trends

Integration Technologies and Standards for Insurance Industry

Source: Internet

Insurance companies in India have been using IT (Information Technologies) in one form or the other for their various business activities, especially during past couple of decades or more. At present, they are bringing further innovations and transformations through the deployment of centralized (or pseudo-centralized) core insurance solutions, portals (for customers, agents, employees and development officers), mobile-computing, document-management, workflow technologies etc., for strengthening operational efficiencies and market reach. Apart from seamlessly integrating their (internal) subsystems, insurance companies (life as well as general) have to further integrate such integrated (enterprise-wide) systems with the systems of entities in their business environment.

For example, an insurer has to integrate its systems with the systems of its corporate customers, brokers, with banks in case of bancassurance and also as its banker/bankers, other business partners, healthcare industry (in case of health insurance), RTOs (Road Transport Offices), motor insurance pool, with reinsurer, etc.

While insurance companies are getting transformed through innovative deployment of core insurance solution, portals, mobile-computing, document management, workflow technologies for improving operational efficiencies; technological developments in XML, Web Services and SOA promise more flexible, seamless and meaningful integration of systems (services) within and across various organizations in insurance industry and also with other related industries, enabling us moving towards the establishment and further integration of industry-wide computing grids.

Integration technologies will have maximum impact on the way insurance companies (Life as well as General) will do their business, in this and subsequent decades. Adaptation of globally recognized ‘insurance data standard’, system engineering practices and related new technologies has become minimum requirement for sustaining inclusive growth. Development, internalization, use, institutionalization and industrialization of these technologies, standards and such IT-based insurance business processes; and their continuous assessment for further improvement; is the need of the hour.

Technology Trends

Remote Infrastructure Management  - Remote in Control

Source: Express Computers

The Indian Remote Infrastructure Management (RIM) space presents plenty of opportunities for service providers and the market is expected to grow as we march towards economic stability in 2010. By Rajendra Chaudhary.

According to Avinash Pitale, co-founder and Executive Director of Omnitech InfoSolutions the sluggish economy saw Indian customers open up to the idea of RIM, especially in the last few quarters.

“The economic slowdown has definitely forced the customer to look for cost and service optimization without degrading service levels. RIM was the right model for offering these objectives to Indian customers. The tanking economy has, in fact, enabled a wider and quicker acceptance of RIM services by Indian customers and we believe that it will grow even more as the economy gets back on track,” commented Pitale.

Pitale also stated that customers were increasingly moving towards umbrella contracts wherein they outsourced all their activities to a single service provider who not only supported their hardware infrastructure but also the software/application infrastructure.

Read More