Nucleus Software, Sun Micro partner with Dhandapani Finance

Nucleus Software Exports Limited (NSE: NUCLEUS,BSE: NSEL) and Sun Microsystems (NYSE: JAVA) today announced an alliance with Dhandapani Finance Limited for the successful implementation of Nucleus's flagship product FinnOne(tm) Suite on Sun Fire series. The implementation of 3 modules of the FinnOne(tm) Suite - Customer Acquisition System (CAS), Loans Management System (LMS) and Collections- Delinquency Management System was successfully completed in record time. The entire suite was powered by Sun Fire T2000 as the database server and the Sun Fire X2200 M2 as the application servers, both running on Solaris 10operating system.

Dhandapani Finance Limited, a Chennai based listed company is an NBFC engaged in the business of hire purchase, lending and rendering other financial services. The company mainly focuses on the financing of Tractors, Construction equipments, heavy earthmoving equipment, commercial vehicles, Multi utility vehicles, etc.

Prior to adopting Nucleus FinnOne(tm)solution, Dhandapani Finance Limited was using an in-house developed system. With implementation of FinnOne(tm), Dhandapani Finance has been able to centralize the entire payment structure thus enabling easy origination and convenient disbursement of loans at all branches. Additionally, the loans are processed on the basis of credit ratings thus leading to accountability and accuracy of the system.

With this partnership, Nucleus Software has opened new avenues for itself in Semi Urban and Rural Finance industry. In line with the company's vision and social responsibility policy, Nucleus aims to provide software solutions for the management of rural credit. The resultant increase in lending efficiency would not only help Bank & FI's in cutting down costs by reducing manual functional delays, but also benefit the end customer by giving them a detailed structure of their repayment schedules and other flexibilities.

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