Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, today announced that eny Finance, a newly established financial services provider in Switzerland, has successfully implemented FinnOne™ Loan Management System (LMS) and Collections module of its award winning FinnOne™ Suite. FinnOne™ solution will empower eny Finance to enhance their operational efficiency by automating the entire system of lending and collections, thereby reducing the operational costs substantially.
Nucleus Software has successfully implemented FinnOne™ solutions in around 50 countries globally including several countries in Europe like Austria, Germany, Belgium, Italy, UK, France, Luxembourg and The Netherlands.
eny Finance has implemented FinnOne™ with the aim of achieving seamless integration of banking systems bearing in mind the economic conditions of the market vis-à-vis aggressive competition. FinnOne™ is built with an objective of providing operational support by systematizing the processes associated with the loan management. It supports unique features like automated account closure, value dated interest calculations, waivers and write offs and parameterized repayment allocation.
Empowering a tighter supervision through a series of proactive actions, FinnOne™ will facilitate tracking and managing delinquent customers, thereby helping eny Finance minimise recovery cost allied with collection process. In addition to this, FinnOne™ comes with modules that support any phase of distressed receivables lifecycle, enabling powerful recovery management. With this implementation, eny Finance will achieve better control over its collection process with enhanced speed and flexibility.
Commenting on the successful implementation, Mr. Dieter Lützelschwab, CEO, eny Finance, said, “We were looking for a solution that could offer us the right blend of services. The flexibility of the product and robustness of the architecture is what facilitated the decision making at our end. Nucleus’ domain expertise added to the strength of their offering. Given the fact that eny Finance is at an early stage of growth, it was imperative that we partner with a solution provider that has the right experience and appropriate solution matching our current and future needs.”
Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited, said, “We are extremely happy to add another milestone through our association with eny Finance. Nucleus’ FinnOne™ is a perfect fit for eny Finance’s dynamic needs and its scalability will match their future growth. We are confident that this implementation will benefit eny Finance by not just enhancing customer experience, but also help reduce complexities associated with the loan and collection process.”