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April 9, 2008
| EFY News Network
Tuesday, April 08, 2008: Abu Dhabi-headquartered Reem Finance has selected FinnOne from Nucleus Software, a global provider of next-generation software products for banking and financial sector. With this win, Nucleus aims to further strengthen its position as a lending solution provider for the financial industry in the Middle East.
As a new start up, Reem Finance was looking at a comprehensive solution to cater to end-to-end needs of its lending business. FinnOne customer acquisition system, lending, collections and general ledger, according to Reem Finance, was the best fit looking at the proficiency in automating, consolidating and providing operational excellence in the lending business for the entity. FinnOne will provide Reem Finance with a strategic advantage by increasing its profitability ensuring reduced turn-around time in processing and disbursing loans, managing its delinquent customers.
“We are pleased to partner with Reem Finance as it is one of the leading NBFC in the region. This will provide us with unique opportunity to strengthen our presence in the Middle East region and to assimilate, tailor our products to meet the unique challenges in the region,” says Vishnu R. Dusad, CEO and managing director, Nucleus Software Exports Limited.
Quipped Nicholas Lehmann, CEO, Reem Finance, “Nucleus' unique product offerings combined with their unsurpassed reliability provides our organisation with an unparalleled opportunity to gain a competitive edge and endow our customers with world-class services tirelessly and efficiently. As the competition in the market intensifies, we need solutions that allow us to fulfill business requirements with speed and agility, and Nucleus' products set the benchmark in these areas as well.”
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Reem Finance Picks FinnOneTM
As a new start up, Reem Finance was looking at a comprehensive solution to cater to end-to-end needs of its lending business. FinnOne customer acquisition system, lending, collections and general ledger, according to Reem Finance, was the best fit looking at the proficiency in automating, consolidating and providing operational excellence in the lending business for the entity. FinnOne will provide Reem Finance with a strategic advantage by increasing its profitability ensuring reduced turn-around time in processing and disbursing loans, managing its delinquent customers.
“We are pleased to partner with Reem Finance as it is one of the leading NBFC in the region. This will provide us with unique opportunity to strengthen our presence in the Middle East region and to assimilate, tailor our products to meet the unique challenges in the region,” says Vishnu R. Dusad, CEO and managing director, Nucleus Software Exports Limited.
Quipped Nicholas Lehmann, CEO, Reem Finance, “Nucleus' unique product offerings combined with their unsurpassed reliability provides our organisation with an unparalleled opportunity to gain a competitive edge and endow our customers with world-class services tirelessly and efficiently. As the competition in the market intensifies, we need solutions that allow us to fulfill business requirements with speed and agility, and Nucleus' products set the benchmark in these areas as well.”