Nucleus Software implements CASH@Will at Bangkok Bank, Thailand

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NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 30/06/2009 | 12:00 AM IST

Software

Capital Market

Tuesday, June 30, 2009 (New Delhi)

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Nucleus Software Exports, a leading provider of integrated software products for banks and financial institutions today announced the successful 'go-live' of its cash management product CASH@Will at Bangkok Bank, Thailand.

Bangkok Bank, one of the largest regional banks in South East Asia, with total assets of approximately US$ 48 billion has gone live on Nucleus Software's Cash Management product CASH@Will and Internet banking product BankONet across its entire network in Thailand. CASH@Will front ended by Nucleus' BankONet implemented at Bangkok Bank helped the bank in transforming theft business processes by enhancing the technology platform. Selected after a thorough evaluation of the various systems, CASH@Will and BankOnet were chosen for their superior functionality enabling the bank's ability to respond to changing business dynamics faster.

In addition to helping the bank offer its customers the benefits of tracking cash balance, monitoring payments and receivables, and performing liquidity management functions, Nucleus' Cash Management solution, CASH@Will is also expected to he Bangkok Bank improve its revenue, maximize profits, minimize costs and establish efficient management systems to assist and accelerate growth.

The company made this announcement during the trading hours today, 30 June 2009.