Case Study: Leading Nigerian Bank optimizes working capital with Nucleus Software's Cash@Will and BankONet

Helping Optimize Working Capital In Nigeria

Leading Nigerian Bank, a full‑service banking group headquartered in Lagos with roughly 3.5 million customers and 225 branches, needed an integrated transaction‑banking platform to support corporate and SME clients with real‑time cross‑border and national payments, receivables management and end‑to‑end cash visibility. After evaluating vendors, the bank selected Nucleus Software and its Cash@Will payments and liquidity solution together with the BankONet internet‑banking front end to meet these needs.

Nucleus Software deployed a multi‑country, multi‑currency solution that enabled paper and electronic payments, Direct Debit Instructions, NIBSS/NIPS instant transfers, single‑instruction settlement against multiple invoices and real‑time cash‑position visibility. The implementation helped optimize customers’ working capital and reduce DSO; today the system processes around ₦130 billion (≈USD 653 million) for about 1,500 customers and supported dramatic growth in transaction volumes (including a 5000% rise in payment volume since 2008), establishing Nucleus Software as a preferred transaction‑banking partner.