Nucleus Software Exports has achieved immense success in providing software solutions in India as well as in other countries like as Hong Kong, Japan, Singapore, U.S.A, and Australia. The company started off as a consultancy firm and has now transformed into a global financial service provider.
Nucleus Software Exports’ Products for the Banking Sector:
Nucleus Software Exports has acquired specializations in the field of software development and is actively engaged in the production of software for financial institutions and banks as well. The unique software called Cash@Will has been developed by the company to enhance the cash management system of banks. This software can be further classified into 2 classes. The first one provides on-site bank operations and the second one helps in web-driven customer operations. It offers multi-banking options, facilitates multi-lingual transactions and specializes in dealing with various currencies. This software strives to upgrade the payment, funds utilization, and collections standards. The fraud management software is equipped to identify early frauds and is equipped with a ‘maker checker’ concept, fraud decision screen, and a trigger definition module. The other products of the company include BankONet, TRAde facto, FinnOne, ReQueST, @ware and PowerCard.
Profit ratio of Nucleus Software Exports:
The performance of Nucleus Software Exports is quite impressive in the quarter beginning in April, 2007. The difference between the total income ratio is as high as 49.65%, which is a clear sign of the company's increasing popularity in the domestic as well as the international market. The figure of total income in that quarter in 2007 was Rs. 494.54 million which was Rs. 330.47 in 2006.
Current sales figures of Nucleus Software Exports:
The sales figure of the same quarter in 2006 was Rs. 313.66 million which shot up to Rs.472.27million in 2007, therefore delineating a rise of about 50.57%. The rate of total expenses of the company has increased at a higher rate, amounting to approximately a 65.85% difference in both the quarters. Nucleus Software Exports spent a sum of Rs. 208.97 million in 2006, whereas it spent as much as Rs. 346.57 million in 2007.
NDB and Nucleus Software Exports:
The Sri Lankan bank, NDB has chosen the banking software produced by Nucleus Software Exports called FinnOne Retail Suite for the management of its retail section. This software works on Oracle database aided with Oracle Fusion Middleware. The bank is looking forward to acquire 3 more components of the FinnOne brand – the first one is CAS, better known as FinnOne Customer acquisition system; the second is FinnOne Lending, and the third one is called FinnOne Collections. There are plans to install these softwares in all the branches of NDB. CAS will facilitate consumer financing, housing acquisition, and leasing activities of NDB, and FinnOne TM Collection will help in the instant identification of the delinquent clients of NDB.
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