Nucleus Software receives contract from ACOM Co Ltd, Japan

Nucleus Software Exports Ltd on January 19, 2007 has announced that the Company have been awarded a contract from ACOM CO. Ltd, a leading consumer finance Company in Japan to implement FinnOne™ and PowerCARD offshore development services to be offered from India. New technology at ACOM is expected to be live by sometime in 2009 followed by supporting the same from India which is separate from this deal and follow when new technology will be live.

ACOM selected the Company's flagship product FinnOne™ for refurbishing their loans, guarantee, and credit card business. The scope of the deal covers end-to-end IT transformation of ACOM consumer finance operations across its branches and networks. Winning the biggest order ever for the Company this deal strengthens the Company's position as a leading global player offering path-breaking technology for the Banking & Finance segment.

This win also establishes the Company as one the few Indian players offering IT expertise to the banking giants across boundaries. ACOM views the alliance with the Company as strategic opportunity to construct new computer system, promote offshore development which helps attain drastic reduction of system development, maintenance & running cost. Introduction of FinnOne™ will help ACOM in restructuring general ledger, operation and connection system, which supports loan, credit card and guarantee businesses. It will also enable improved expandability and flexibility. Overall it provides ACOM an opportunity to overhaul their traditional IT framework an edge in the market and over their competitors.

FinnOne™ retail solution automates and manages the complete application processing flow for Retail / Corporate Financing as well as credit cards, allowing banks and non-banking Companies to integrate the different touch-points in their supply chain for acquisition prospecting and pre-disbursal processing. The solution ensures anytime, anywhere access, ensuring ease in operation and instant information availability to the financial institution on credit card transactions. The solution also allows seamless integration between branch / regional offices and the central processing department of the institution.

"This is amongst the largest win by any Indian product software Company and Nucleus is honored to have won it. This win is an indication of the potential and passion of Nucleus in creating groundbreaking banking and non banking financial products and solutions. It is an endorsement of the keen understanding of banking and non banking industry that has led Nucleus Software in winning the most coveted deals across the globe. We are happy to be partnering with ACOM in their journey towards business excellence and superior customer service." Says Vishnu Dusad, CEO & Managing Director of the Company.

The Company with its flagship product FinnOne™ today has over 134 clients across the globe and commands leadership position in the domestic retail banking and financial space with clients spanning among most leading banks and non banking institutions in India.

Source : Equity Bulls

Keywords