Nucleus launches cash management solution

NEW DELHI, INDIA: Nucleus Software Exports Limited, a provider of integrated software products for banks and financial institutions, today announced the launch of the new version of its Cash Management software product, CASH@WillTM.

Much more robust and technologically advanced than its previous versions, the latest CASH@WillTM is based on J2EE framework - ‘n’ tier architecture. Apart from technological upgrade, this version has many functional enhancements too, said a press release.

When it comes to transaction banking, the traditional suite of domestic payments processing products no longer satisfy the needs of the consumer demands of more services, more transparency and a quicker response time.

The newer scalable version of CASH@WillTM has been enhanced manifolds to provide cutting edge to Nucleus' clients in transaction banking domain.

CASH@WillTM J2EE version would enhance the ability of banks and financial institutions to differentiate themselves through offering their clients a single platform for processing their cash management and trade transactions.

The new version is packed with additional features like powerful limit and exposure management module, supply chain community based workflow definition, a dynamic cash flow forecasting, delinquency tracking and management.

It would support various products like pre-shipment financing, invoice discounting, factoring and reverse factoring services. It is also equipped with integrated risk management and tracking through alerts and exceptions.

Amongst the various key customer benefits, some are, lower band-width requirement, operating system and application server independence, single channel for multiple products and services, simplified end to end reconciliation and a secure and robust web based platform.

As one of the country's leading IP creators Nucleus Software has always been a clear leader when it comes to launching innovative products propelled by its strong "R & D" culture. The benefits of this commitment and culture are largely transferred to our clients in form of cutting edge technology products and services offered.

Vishnu R. Dusad, CEO and managing director, Nucleus Software, said, “The cash management services market is growing rapidly and is in need of more innovative, flexible and scalable solutions to cope with the changes. We are happy to be at the forefront of things, listening to our clients and creating new solutions to help them lead in the banking and finance industry.”

He added that they are confident that the newer version of CASH@WillTM would help their clients achieve higher efficiencies while addressing the growing demands of their customers.

Nucleus would be launching the new J2EE version of its cash management software product, CASH@WillTM at world's premier banking event SIBOS on 14th September 2009 at Hong Kong, the release added.