NetSol Technologies lately pronounced the signing of an agreement valued above $100 million, which comprises license, conservation, services and projected customization, with a long-standing customer to implement NFS Ascent.
NetSol Technologies Signs $100m Agreement
The contract demands for elevation to NetSol’s NFS Ascent platform, the company’s innovative explanation for the auto and equipment finance and chartering industry, from the company’s NFS platform in Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, South Korea, Taiwan, Thailand and Malaysia.
Execution of NFS Ascent in South Africa, a new opening for NetSol, is also part of the contract. The implementation time spans a five-year period, with preservation and sustenance over ten years.
“This monumental deal will usher NetSol into a new phase and further cement our position as leaders in the domain of finance and leasing”
Said Salim Ghauri, CEO, NetSol Technologies.
“This deal is a testament to our continued commitment to innovation, excellence and promoting a culture within NetSol of constantly striving to do business in new and revolutionary ways. The reception of our latest and cutting edge product by giants of the asset finance and leasing shows that we are producing the best new products and services in the industry.”
The enactment covers the full endways sponsorship and leasing lifecycle, covering NFS Ascent’s Loan Origination System (LOS), Contract Management System (CMS), Wholesale Financing System (WFS) and its Dealer/Auditor Access System (DAAS). It also has NFS Mobility Account, which provides customers selectivity into their auto-financing deal. As soon as the implementation is complete the system will offer a sole local platform that develops business visibility and assists with premeditated planning.
“With the signing of this agreement, NFS Ascent has established itself as the premium auto and asset finance platform in the market.”
Said Naeem Ghauri, head of global sales for NetSol.
“This is a watershed event for NetSol given the expected value of the contract and geographical footprint of the implementation in 12 markets.”