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May 6, 2009

Bajaj Auto selects Nucleus’s FinnOne software

Expects the new software to help in designing new products and enhance its offerings

By CBR Staff Writer

Bajaj Auto Finance has selected FinnOne, a lending software application from Nucleus Software Exports, a provider of integrated software products for financial institutions, for its captive auto and consumer finance business.

Bajaj Auto Finance has selected Nucleus’s flagship product, FinnOne Suite, to provide support on customer acquisition, lending and collections for its lending business. FinnOne is implemented across 54 branches, 65 virtual sales networks and over 200 dealerships of the company.

According to Nucleus, FinnOne will help Bajaj Auto Finance design new products and enhance its offerings. It will help them improve the workflows and ensure better decision-making and operational control. It is expected to integrate the functions of various business partners in the loan origination, servicing and collection process and automate the payout calculations. FinnOne is also expected to allow the institution to improve its services though integration across multiple sourcing and servicing channels for wider coverage.

Nucleus claims that FinnOne is designed to handle lifecycle of a loan post origination until termination and will assist the finance company in servicing the approved loans.

Vishnu Dusad, CEO and managing director of Nucleus, said: We are pleased to partner with Bajaj Auto Finance. Our flagship product FinnOne, with its proven successful track record will provide Bajaj Auto Finance with a scalable platform to help them offer customer-centric automated solutions, further helping them in cost reduction and enhancing their control over their ecosystem.

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