 "Nucleus And Sun Partner With Dhandapani Finance")
Nucleus Software Exports and Sun Microsystems have announced an alliance with Dhandapani Finance for the successful implementation of Nucleus’ flagship product FinnOne Suite on Sun Fire series.
The implementation of 3 modules of the FinnOne Suite - Customer Acquisition System (CAS), Loans Management System (LMS) and Collections- Delinquency Management System was successfully completed. 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 10 operating system.
Prior to adopting Nucleus FinnOne solution, Dhandapani Finance was using an in-house developed system. With implementation of FinnOne, Dhandapani Finance has been able to centralise the entire payment structure thus enabling easy origination and convenient disbursement of loans at all branches.
According to Ravi Ravichandran CEO, Dhandapani Finance, “This implementation of FinnOne has simplified the functional procedures for our customers, and enabled us to further deliver unique services. With the implementation of this solution we have seen a turnaround in our business and expect a strong growth in our business volumes in the coming years.”
“This collaboration is part of our company’s objective to expand into the rural and semi urban financial markets with a focused approach. We endeavour to establish a strong foothold in the sector by improving the access to finance for productive purposes such as working capital for purchase of raw materials and for asset acquisition, thus realising our dream of making every Rs. 100 loan profitable to the lending organisation. We share a synergistic relationship with Sun Microsystems, and the Nucleus-Sun combination has resulted in several successful deployments in the past,” states Vishnu Dusad, CEO and MD, Nucleus Software Exports.