Nucleus Software Exports wins contract

Nucleus Software Exports Ltd has announced that it has won a contract from Bank M (Tanzania) Ltd for implementing its Cash@will™ solution which will enable the bank to efficiently offer its corporate customers modernized cash management services (Collections and Receivables management), branded Money, manager.

Cash@Will™ is a robust offering from the Company providing web-enabled cash management solutions to banks that can be offered to its corporate Customers. A comprehensive powerhouse of seamlessly integrated software modules built with the objective of providing operational services support to the customer's asset and liability business lines. Using Cash@will™ as the processor backbone, Bank M will, through Money, manager offer its customers world class Receivables Management (Collections), Payments Management Liquidity Management and Invoice Management (Receivable and Payable Management) solutions. Its unique dynamic pricing engine and other features ensures profitable revenue stream for the bank by servicing the needs of its corporate customers.

Vishnu R. Dusad, CEO & Managing Director of the Company said that his Company is delighted to work with Bank M in bringing about real revolution in the banking sector in the country. "We are privileged to partner with Bank M and we are certain that our product offerings will help the bank service its customers effectively and gain the edge in this growing market place. This association will also help us capitalize on the scurrying growth in the banking sector in Tanzania," he said.

Bank M has made significant investment in technology, which it believes is the backbone of the financial services industry. The bank has so far invested in excess of TSZ 1.5 billion in the acquisition of the latest in banking software and hardware making it among the best banks using the latest technology in the Eastern Africa.