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Family CreditTM Selects Nucleus Software as a Strategic Partner to Revamp its Lending Process

August 1, 2007
Nucleus Software Exports Limited, on August 01, 2007, has announced that FamilyCreditTM, part of Societe Generale Consumer Finance has implemented its Retail Lending Suite FinnOneTM Customer Acquisition System (CAS), Loan Management System (LMS), Post Dated Cheque Management System (PDCMS), Collections and General Ledger (GL). The sophisticated solution provided by Nucleus Software caters to the complete business requirements of the company. The software is scalable and includes the necessary checks and controls for operating in a fully integrated environment, hence making it all pervasive.

FamilyCreditTM that has an increasing range of products including Car Loan, Two Wheelers Loan, Consumer Durable Loan and Personal Loan, is yet another addition to the long list of Nucleus Software's successful implementations in India.

Nucleus Software's FinnOneTM chosen by FamilyCreditTM after a thorough evaluation of various loans management products provided by other vendors. FinnOneTM CAS module will help in improving the data sanctity and accuracy by bringing in better control mechanisms. It will also lead to deduplication of the internal database FinnOneTM LMS forms the base module and the central nervous system, as it encompasses all the customer details, and is the database from where the data flows into the Collection and GL systems. Implementing Nucleus Software's FinnOneTM PDCMS solution, FamilyCreditTM will be able to gather all information related to the customers' post-dated cheques along with their status and then complete the entire accounting process.

Announcing the alliance, Mr. Vishnu R Dusad, CEO & Managing Director, Nucleus Software said, "We are committed to deliver unparallel value to our customers and in helping them increase the operational efficiency of their business. Financial institutions are increasingly facing the challenge of meeting rapidly changing market requirements, and the need to replace legacy systems with a next-generation solution that provides business agility. Our FinnOneTM lending suite will provide the answer to this pressing need."

Source: Equity Bulls