Nucleus Software's Cash@Will Goes Live At State Bank Of India

Nucleus Software Exports, a provider of integrated software products for banks and financial institutions, has announced that State Bank of India (SBI) has gone live on Nucleus’ cash management product Cash@Will (Payments and Collections) across Corporate Accounts Group Divisions at over 300 branches.

Cash@Will, a product for managing cash flow and implementing long-term flexible solutions, will help the bank in managing its government clients better. Cash@Will will help SBI improve revenue, maximise profits, optimise costs, and establish efficient management systems to accelerate growth.

SBI is now using Nucleus Software’s Cash@Will for Drafts, Income Tax Refund Orders (ITRO), Multi City Cheque (MCC) and Collection services. The implementation was done in a phased manner where Payments and Collections modules implemented initially were subsequently replaced by the newer version of Cash@Will. Every day a large number of paper-based transactions and electronic transactions are being processed on Cash@Will at SBI. It also takes care of ITRO payments at more than 700+ branches of the bank.

Vishnu R Dusad, CEO and MD, Nucleus Software Exports, said, “As an IPR-led company, our synergistic approach of aligning our intellectual capital with business requirements helps our clients improve their operational efficiencies and customer value. We are confident that SBI will reap great benefits by leveraging our cash management solution.”