State Bank of India (SBI) has gone live on cash management product Cash@WillTM (Payments & Collections) from Nucleus Software.
SBI implemented the tool across Corporate Accounts Group Divisions at over 300 branches. Cash@WillTM will help SBI improve revenue, maximize profits, optimize costs, and establish efficient management systems to accelerate growth. During the phased implementation system was automatically upgraded to include Payments and Collections modules.
SBI is now using the tool for Drafts, Income Tax Refund Orders (ITRO), Multi City Cheque (MCC) and Collections services. In addition, Cash@WillTM will support SBIs cash management product with governance function.
As an IPR led company, our synergistic approach of aligning our intellectual capital with business requirement helps our clients improve their operational efficiencies and customer value, says Vishnu R. Dusad, CEO and MD, Nucleus Software Exports Limited.
We are proud to be associated with the largest bank in the Indian subcontinent and are confident that SBI will reap great benefits by leveraging our cash management solution.
L.D.