Newgen Software earns spot in Gartner guide for grant management solutions

Newgen Software, a company providing a unified low-code platform, has been named a Representative Vendor in the Gartner Market Guide for State and Local Government Grant Management Solutions. This inclusion is seen as an achievement for Newgen, highlighting its role in the competitive market for grant management solutions.

Headquartered in New Delhi, India, Newgen specialises in providing Business Process Management (BPM), Enterprise Content Management (ECM), and Customer Communication Management (CCM) solutions. With a strong focus on innovation and technology, Newgen has a significant presence in over 60 countries, serving diverse industries such as banking, insurance, government, and healthcare. The company's products and solutions empower businesses to transform operations, enhance customer experience, and increase overall efficiency.

Newgen's Grant Management software is designed to automate and streamline the grant management process. This includes steps from application intake and eligibility verification to award management and performance monitoring. Government users can utilise built-in configurable rules within the software to optimise both time and cost efficiency.

The Gartner Market Guide aims to assist government CIOs in selecting appropriate grant management solutions by offering insights into the scope and scale of available market options. According to the guide, there has been increasing adoption of grant management solutions, a trend likely to continue until 2025. The primary drivers for this growth are the improved user functionalities and enhanced reporting capabilities offered by these solutions.

Runki Goswami, Global Head of Marketing at Newgen Software, commented on the recognition, stating, "The recognition, we believe, marks a significant achievement for Newgen in the competitive landscape of grant management. We remain dedicated to providing innovative solutions that assist government leaders in fulfilling their fiduciary duties for managing grant performance."

According to the Market Guide, typical services across various phases of grant management include case management, workflow, documentation and records management, and data services and data warehousing, among other functionalities. Such services provide a comprehensive framework for managing grants effectively. The report underscores the importance of meticulously evaluating different solutions to determine which best meets an organisation's criteria.

The acknowledgement by Gartner is seen as a testament to the capabilities and future potential of Newgen's grant management offerings, positioning them as a notable player in the field of government technology solutions.