South African Company, Capital Harvest chooses Nucleus’ FinnOne™ for its loan management

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Nucleus Software Exports Limited today announced that the South African company, Capital Harvest, has chosen its flagship & award-winning product*, FinnOne™, for its loan management.

New Delhi, March 16, 2010 (PressReleasePoint): 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.”

*by IBS Publishing, UK

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 is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management. With over 150 customers across the globe, the company is consistently innovating with cutting edge and industry driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit www.nucleussoftware.com