Bajaj Auto Finance Ltd. selected Nucleusâ flagship product - FinnOneâ¢ Suite â to provide support on customer acquisition, lending and collections for its lending business. Bajaj Auto Finance Ltd. has a widespread presence and is one of the largest retail financing companies in India.
FinnOneâ¢ will help Bajaj Auto Finance Ltd. design new products and enhance their offerings. It will help them improve the work flows and ensure quicker decision - making and operational control. It will integrate the functions of various business partners in the loan origination, servicing and collection process and will automate the payout calculations. FinnOneâ¢ will also allow the institution to improve their services though integration across multiple sourcing and servicing channels for wider coverage. FinnOneâ¢ is designed to handle life cycle of a loan post origination until termination and will assist the finance company in servicing the approved loans. Enabling various functions like disbursals, accruals, billing, repayments, rescheduling, termination handling, document tracking, non-performing assets tracking, provisioning a valueadded product handling including insurance. The system, also, focused on the tracking and management of delinquent customers, will help the organization to minimize delinquencies through a series of proactive actions and tighter supervision. Stating the benefits of the implementation, Mr. Rajeev Jain, CEO BAFL said âWe chose Nucleusâ FinnOneâ¢ to optimize our operational efficiency and improve our customer service. FinnOneTM not only enjoys an excellent track record in the market but also supports the large range of our products to go to the next level of service. Leveraging Nucleus Software's state-of-the-art technology product FinnOneTM, we aim to standardize processes and hope that the platform will deliver efficiencies across our lending & collection operations.â
Commenting on the announcement, Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports Limited, said âWe are pleased to partner with Bajaj Auto Finance Ltd. This win reiterates our leadership position and success as a leading lending software product solution provider to banks and financial institutions globally. Our flagship product FinnOneTM, with its proven successful track record will provide Bajaj Auto Finance Ltd with a scalable platform to help them offer customer-centric automated solutions, further helping them in cost reduction and enhancing their control over their ecosystem.â