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South Africa's Capital Harvest Selects Nucleus' FinnOne for Loan Mgmt
IT News Online Staff
2010-03-16
Nucleus Software Exports Ltd., a provider of integrated software products for banks and financial institutions, announced that the South African company, Capital Harvest, has chosen its flagship and award-winning product, FinnOne, for its loan management.
Capital Harvest is a Stellenbosch-based financial and business solutions company focused on the agricultural sector. The company focuses only on agriculture and products tailor made for agricultural needs. It specializes in installment based loans, revolving credit and 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 turnaround 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," said Johan Du Toit, MD, Capital Harvest.
"Apart from the rich functionality, we are especially impressed with FinnOne's flexibility and scalability, which we feel is critical to our growth strategy," added Toit.
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 lifecycle.
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."
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