Nucleus Software Revamps FamilyCredit's Lending Process

Nucleus Software Exports has announced that FamilyCredit, part of Societe Generale Consumer Finance has implemented its Retail Lending Suite FinnOne Customer Acquisition System (CAS), Loan Management System (LMS), Post Dated Cheque Management System (PDCMS), Collections and General Ledger (GL).

FinnOne CAS module will help in improving the data sanctity and accuracy by bringing in better control mechanisms. FinnOne LMS forms the base module and the central nervous system, as it encompasses all the customer details, and is the database from where the data flows into the Collection and GL systems. Implementing Nucleus Software’s FinnOne PDCMS solution, FamilyCredit will be able to gather all information related to the customers’ post-dated cheques along with their status and then complete the entire accounting process.

Announcing the alliance, Vishnu R. Dusad, CEO and managing director, Nucleus Software said, “We are committed to deliver unparallel value to our customers and in helping them increase the operational efficiency of their business. Financial institutions are increasingly facing the challenge of meeting rapidly changing market requirements, and the need to replace legacy systems with a next-generation solution that provides business agility. Our FinnOne lending suite will provide the answer to this pressing need.”

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