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South African Company, Capital Harvest chooses Nucleus' FinnOneTM for its loan management

March 16, 2010 | Press Release
New Delhi, March 16, 2010: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that the South African company, Capital Harvest, has chosen its flagship & award-winning product*, FinnOne™, for its loan management. Capital Harvest is a Stellenbosch-based financial and business solutions company focused on the agricultural sector.

Capital Harvest is a fairly new organization with focus only on agriculture & products tailor made for agricultural needs. The company specializes in installment based loans, revolving credit & production finance for farmers.

“FinnOne™ was chosen because of its reputation and capabilities to help us get an advantage in the region. Implementing FinnOne™ will help us automate our internal systems and processes to reduce time to market, offer flexibility to internal operations, maximize the business and reduce turn around time for loan processes. We are in the agricultural lending business, and thus it becomes more important for us to ensure greater scrutiny in minimum time possible. Apart from the rich functionality, we are especially impressed with FinnOne™’s flexibility and scalability, which we feel is critical to our growth strategy.” said Mr. Johan Du Toit, MD, Capital Harvest.

The experience, know-how and dynamic approach of Capital Harvest has ensured significant penetration in the agricultural market in the Western Cape. Nucleus’ FinnOne™ Loan Management System (LMS) will be used at Capital Harvest for the entire loan servicing life cycle

Niraj Vedwa, COO, Nucleus Software said, “Africa is an important region for us and we are delighted that Capital Harvest chose our award-winning product for its loan management. Nucleus has always been a front-runner amongst the lending solutions providers across the globe and we are confident that our product will help Capital Harvest increase its market share in the region.”

About Capital Harvest

CAPITAL HARVEST (Pty) Ltd is a Stellenbosch-based financial and business solutions company focused on the agricultural sector.

Financial solutions are provided through a wide spectrum of financial products including long, medium and short-term loans, bridging finance, production finance, product-specific loans and specialized financial products developed for the agricultural sector

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654