Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has launched the latest version of its award winning lending solution FinnOne Neo Collections. This latest solution provides a comprehensive and sophisticated set of tools to improve efficiency, reduce costs and above all increase collection rates. Powered by advanced technology, FinnOne Neo Collections provides companies with a complete overview of the entire loan collections lifecycle, helping to identify problem areas early and triggering effective corrective action to optimize collections efforts. Supporting team-based approaches for better co-ordination, the solution ensures that companies can adopt a holistic collections strategy.
It also provides a wide range of features including; quick payment capture, configurable 'customer centric' view, multiple hierarchy management, rule based case prioritization, classification queues, work-lists based allocation with multiple champion challenger strategies, follow up capturing at multiple levels and configurable follow-up screens to help enhance user efficiency. The solution's intuitive design includes comprehensive dashboards, which provide holistic monitoring capabilities.