Nucleus Software Exports Limited, a leading provider of integrated software products for banks and financial institution, today announced that South Asian Federation of Accountants (SAFA) has adjudged Nucleus Annual Report as the recipient of the second runners up position for the Best Presented Accounts Award for the year 2008 under the Communication and Information Technology Sector Category.

The awards under different categories are conferred on the basis of evaluation administred by SAFAs committee for improvement in transparency, accountability & governance of the published annual reports of entries from South Asian Countries, which includes Bangladesh, India, Nepal, Pakistan and Sri Lanka. The award has been conferred upon Nucleus Software at a ceremony held at Dhaka, Bangladesh on November 5, 2009.

The SAFA Awards reflect accolades for transparent, high-quality financial reporting and presentation of meaningful disclosures and other pertinent information in published corporate reports, catering to the needs of diversified stakeholders group.

The award for Nucleus Software reflects and reinforces its commitment towards adhering to statutory, legal and regulatory requirements and compliance with the accounting and financial reporting standards, codes and practices.

The company has previously won a Gold Shield for the ICAI Award for Excellence in Financial Reporting for the Annual Report and Accounts of Nucleus Software for year ended March 31, 2008 under the category Information Technology, Communication and Entertainment enterprises.