October 11, 2007
| Al Bawaba
Amlak Finance PSJC selects Nucleus Software's flagship product FinnoneTM
Amlak Finance PJSC, the largest publicly listed Islamic Home Finance Company offering Sharia’a solutions, announced at a signing ceremony that it has signed a contract with Nucleus Software and will utilize its flagship ‘FinnOne™’ retail products. Amlak will implement the FinnOne™ Customer Acquisition System (CAS) and FinnOne™ Collections Modules.
The implementation of this system will allow Amlak Finance to provide greater efficiency to all of its clients. By utilizing the new modules, Amlak’s finance approval processing mechanism will be enhanced by complimenting the function of its existing financing systems.
Amlak appointed Cedar Management Consulting, a leading Management and IT consulting firm to facilitate the selection process of this new system. Cedar will also help in project managing the implementation to ensure overall alignment with international best practices and Amlak’s business strategy.
Speaking on the occasion, Arif Alharmi, CEO of Amlak Finance commented, “Streamlining our approval processing system with the Nucleus software, FinnOne, will not only make our existing system even more effective, but will also quicken the turnaround time for the application evaluation. Our home finance clients will benefit from this faster approvals procedure. As this system is used throughout the globe, we are pleased to be achieving international standards in application processing.”
“This is a strategic win for us” comments Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited, “Together, we will be able to create a value that will benefit the customer immensely. Increased efficiency and automation are benefits that the consumer is certain to enjoy.”
“Implementing this world-class software will translate into a value-added benefit to our clients when they experience a quick turnaround time in the processing of their application. Amlak continually strives to offer the best services to its customers, through investing time and resource in market leading technologies such as the Nucleus software,” concluded Alharmi.
About Amlak Finance PJSC (Amlak)
Amlak is the largest publicly listed Islamic Home Finance Company offering Sharia’a solutions, and a pioneer of home finance in the UAE. Amlak was established in November 2000 as a wholly-owned subsidiary of its still major shareholder Emaar Properties PJSC (Emaar). Emaar currently holds 45% stake in the company. Amlak has been listed in the Dubai Financial Market since March 2004.