Implementation represents the first of 12 Asia Pacific markets to go live
CALABASAS, Calif., Nov. 07, 2016 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq:NTWK), a global business services and enterprise application solutions provider to the Asset Finance and Leasing industry, today announced that its next generation flagship solution, NFS AscentTM, has gone live for the New Zealand finance & leasing arm of a prominent German Auto Manufacturing corporation. New Zealand is amongst the first countries where the client’s auto captive operations will benefit from NETSOL’s cutting edge end-to-end finance and leasing solution, NFS AscentTM.
This implementation is part of a larger contract that was signed on December 21, 2015. The contract includes implementations, license, maintenance, services and expected customization fees for the platform across 12 countries.
Najeeb Ghauri, Founder, Chairman & CEO of NETSOL, stated, “Teams on both sides worked determinedly and diligently to complete this implementation in such a short timeline. This level of efficiency was only possible due to the understanding fostered between our two companies over the past two decades. It gives me great pleasure to see that we are continually providing faultless service to one of our first business partners and the high level of synergy that has developed between the two parties over the years.” Ghauri added, “We have spared no resource and have dedicated teams for this significant project, which is what has enabled us to deliver this successful roll-out and exceed all expectations for implementation timelines.”
About NETSOL Technologies
NETSOL Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry. The Company’s suite of applications are backed by 40 years of domain expertise and supported by a committed team of 1,500+ professionals placed in eight strategically located support and delivery centers throughout the world. NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM – help companies transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete leasing and finance lifecycle.
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