 "Nucleus Software's FinnOne To Power Bajaj Auto Finance")
Lending software solution FinnOne from Nucleus Software Exports has now gone live at Bajaj Auto Finance for their Captive Auto and Consumer Finance business. FinnOne is implemented across 54 branches, 65 virtual sales networks and over 200 dealerships of the company.
Bajaj Auto Finance selected Nucleus’ flagship product - FinnOne Suite – to provide support on customer acquisition, lending and collections for its lending business. Bajaj Auto Finance has a widespread presence in the retail financing space in India.
FinnOne will help Bajaj Auto Finance design new products and enhance their offerings. It will help the company to improve workflows and ensure quicker decision making and operational control. It will integrate the functions of various business partners in the loan origination, servicing and collection process and will automate the payout calculations. FinnOne will also allow the institution to improve its services though integration across multiple sourcing and servicing channels for wider coverage.
FinnOne is designed to handle the lifecycle of a loan post origination until termination and will assist the finance company in servicing approved loans. It will enable various functions like disbursals, accruals, billing, repayments, rescheduling, termination handling, document tracking and non-performing assets tracking. The system, focused on the tracking and management of delinquent customers, will help the organisation to minimise delinquencies through a series of proactive actions and tighter supervision.
Rajeev Jain, CEO, BAFL, said, “We chose Nucleus’ FinnOne to optimise our operational efficiency and improve our customer service. FinnOne will allow the large range of our products to go to the next level of service. Leveraging Nucleus Software’s product FinnOne, we aim to standardise processes and hope that the platform will deliver efficiencies across our lending and collection operations.”
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