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Sovereign finance and banking software goes from strength to strength

Finzsoft Solutions Ltd has recently completed two major projects using its Sovereign Finance and Banking Software with two leaders in the New Zealand finance industry, further enhancing its image as the software supplier of choice for a variety of financial institutions.

The most recently completed project has enabled Wrightson Finance to re-launch successfully into the rural finance sector after an absence of 7 years.

Sovereign Finance and Banking Software is developed by Finzsoft Solutions in Auckland. The software supports most of the larger New Zealand non-bank finance institutions, and provides a wide range of lending and deposits functionality. It was this functionality and proven track record that made the decision to use Sovereign an easy one for Wrightson Finance to make.

General Manager Wrightson Finance, Ian Walsh, said "To re-launch into the market, we realised the need to use a new banking platform to support our current and future needs in rural based financing, including the capability for banking transaction product. It was vital that the chosen software was both reliable and had a good reputation in the market place. Developed in New Zealand the Sovereign software supports all our needs and more importantly, the team at Finzsoft were able to implement the system on a very tight deadline. We are very pleased with the outcome".

DTR (Thorn Rentals) share the Wrightson sentiment having worked with Finzsoft for 12 months to achieve their goal of a fully integrated retail loan system across their 29 stores throughout New Zealand.

Alan Shilton, Administration Manager for the DTR group was pleased with the finished product. "The team at Finzsoft were great to work with and they were able to meet all our needs which had to be compliant with the new CCCFA Act (the Credit Contracts and Consumer Finance Act 2003). And whilst their (Finzsoft) products have been traditionally used in the motor finance industry we found the usability, training and ongoing support for our project perfect for the retail loan industry".

Mr Shilton continues, "more importantly we incurred minimal fuss in the installation of the product and the transition was seamless to the end user, our customers".

Sovereign Finance and Banking Software from FinZsoft resides on an IBM eServer iSeries system. The IBM iSeries system also has its built-in IBM DB2 database and bullet-proof security. Given that these essentials are taken care of by the iSeries design, IT departments need not worry about complexities in infrastructure and are hence able to focus on the solution implementation and a rapid rollout which reaps faster business benefits.

Said Bob Morton, IBM eServer iSeries Business Unit Executive for Australia & New Zealand: "Increasingly, clients are realizing and reflecting on what has become the very complex IT environments they have been building over the past decade. The IBM eServer iSeries system is the most complete, secure and integrated system designed to run thousands of the world's most popular business applications. The iSeries' capability -- to run multiple operating environments simultaneously and dynamically adjusting a business' changing requirements -- distinguishes the iSeries system from the servers offered by other vendors. Coupled with FinZsoft's solution, we are clearly able to offer top-line solutions that meet the stringent needs of our banking clients".

Finzsoft Solutions is a listed company offering innovative solutions for financial and banking institutions and is now building a reputation around the globe for it's product and services. A considerable number of well-known financial institutions use the Sovereign software to support their activities, including Marac Finance, Hanover Group, Nelson and Southern Cross Building Societies, Motor Trade Finance and the Police and Families Credit Union.