Newgen: Secures $5.6 Million Contract for Loan Management System

Newgen Software Technologies has secured a contract for the delivery, implementation, and support of a Loan Management System. The project, awarded by eProcess International Ghana Limited, is valued at $5,636,000. The contract covers software licensing, implementation, and annual support services, with a duration of 5 years from the contract’s execution date.

New Loan Management System Project

Newgen Software Technologies has received confirmation from a customer to proceed with the delivery, implementation, and support of a Loan Management System project. The project is referred to as “Project” within the company’s documentation.

Contract Details

The awarding entity is eProcess International Ghana Limited. The key terms encompass software licensing, implementation, and annual support services, classified as an international entity based in Ghana.

Financial and Timeline Aspects

The total commercial value of this project is $5,636,000 (US Dollars Five Million Six Hundred Thirty-Six Thousand Only). The project is expected to span a duration of 5 years from the date of contract execution.

Source: BSE

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