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AmBank Selects Nucleus Software's 'Cash Management Solution'

May 19, 2006
MUMBAI: Nucleus Software Exports Ltd on Friday said AmBank has selected its 'Cash Management banking' solutions for enhancing efficiency and cutting costs.

The implementation would include the entire spectrum of activities for the bank which includes receivables management and payables management, liquidity management and corporate internet banking, the Noidabased company informed the stock exchanges.

"This implementation reiterates our leadership in the South East Asian market and also showcases trust that our clients place in our solutions," Nucleus Software's Managing Director Vishnu Dusad said.

"Our differentiation of being focused banking solutions provider makes us the premium choice from customers across the banking and financial industry," he added. The solution would enable AmBank to enhance its product efficiency and reduce cost of business customers in their day-to-day routine cash management tasks.

The 'Cash management system' would also help the bank to improve its revenue, maximise profits, minimise cost and establish efficient management systems to accelerate growth, it said.

AmBank would be able to enhance their current cash management product 'Am-Biz CashPro' to compete with foreign banks operating in Malaysia with the broad coverage of AmBank's nationwide branch network.

Nucleus Software Exports Limited provides software solution to the banking and financial services industry.

The company's shares were trading at Rs 373.20, down 1.35 per cent at the BSE.