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Nucleus and Sun partner with Dhandapani Finance
By siliconindia
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Wednesday, 05 September 2007, 19:30 IST
Bangalore: Nucleus Software Exports Limited (NSE: NUCLEUS,BSE: NSEL) and Sun Microsystems (NYSE: JAVA) today announced an alliance with Dhandapani Finance for the successful implementation of Nucleus's 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 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 10 operating system.
Dhandapani Finance, 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.
With implementation of FinnOne, Dhandapani Finance has been able to centralize the entire payment structure thus enabling easy origination and convenient disbursement of loans at all branches.
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.
Vishnu Dusad, CEO & MD, Nucleus Software Exports said, "Today's financial institutions require a new type of IT solution that can adapt immediately while at the same time paving the way to launch new services with minimum complexity. By creating technologies to cater to these specific requirements Sun has created a strong presence for itself in the financial sector."
"The combination of Sun Network Computing infrastructure and Nucleus? matching software, will allow Dhandapani Finance to take advantage of a secure and robust architecture that will help secure higher performance and lower total cost of ownership and thus help them achieve their strategic goals," said K.P. Unnikrishnan, Director-Marketing, Alliances and Teleweb Sales, at Sun Microsystems India