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Nicholas Financial Chooses Shaw SPECTRUM Loan Servicing System

Press Release from Shaw Systems Associates, LLC

Nicholas Financial Chooses Shaw SPECTRUM Loan Servicing System

Houston (April 14, 2016) –

Shaw Systems Associates, Inc. announced that Nicholas Financial has chosen to license  SPECTRUM RETAIL ,  COLLECTIONS  and  RECOVERY  loan management software on-site. Nicholas Financial offers sub-prime auto loans through a branch network of 68 offices.

Nicholas Financial is looking to expand their loan management capabilities through their new partnership with Shaw. This includes automated decision strategies and leveraging Shaw’s capabilities around improving collection rates and minimizing delinquency rates. “We’re so pleased that Nicholas Financial has decided to partner with Shaw by choosing our  SPECTRUM  loan servicing software. We’re looking forward to a successful project and mutually beneficial relationship.” says Cyndy Stone, Chief Operating Officer of Shaw Systems.

Shaw’s customer focused software supports a wide range of consumer lending products including loans, line of credit, home equity, dealer/indirect, floor plan, commitments, escrow, securitization, and insurance. Shaw’s software accommodates every phase of an account’s life cycle and automates processes to help companies navigate the dynamic credit landscape. Call Shaw Systems at 713.782.7730 or visit us at Shawsystems.com to learn more about our loan servicing software solutions.

About Nicholas Financial

Nicholas Financial, Inc. provides direct consumer loans and purchases installment sales contracts from automobile dealers for used cars and light trucks. Nicholas Financial operates a network of sixty-seven branch offices in Florida, Alabama, Georgia, Illinois, Indiana, Ohio, Kansas, Kentucky, North Carolina, South Carolina, Maryland, Michigan, Missouri, Virginia, Tennessee and Texas.

Its software subsidiary, Nicholas Data Services, Inc., designs, develops, supports and sells accounting software to small businesses throughout North America and is the computer automation provider for Nicholas Financial.

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