Encino, Calif., April 9, 2024 (Globe Newswire) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in providing cutting-edge solutions to the asset finance and leasing industry, is a leading German The auto captive finance company and long-time customer has gone live with its next-generation platform, NFS Ascent, to support its operations in South Korea. This deployment consisted of the complete NFS Ascent suite, including both retail and wholesale platforms.
The NFS Ascent Retail platform includes Omni POS and a contract management system (CMS), and Ascent's wholesale finance system is part of the wholesale platform. These deployments are part of a contract totaling more than $110 million, making it the largest contract in NETSOL history. The first agreement was signed in 2015 and included implementation in his 12 countries in the Asia-Pacific region and South Africa. This recent successful implementation in South Korea marks the 11th market to go live as part of this agreement.
“This introduction to one of our most respected and long-standing customers is a significant milestone in our journey and is testament to our unwavering commitment to delivering the highest standards of excellence to meet our customers' demands. ” said founder and founder Najeeb Ghauri. CEO, NETSOL Technologies Inc. “We faced several challenges throughout the implementation process, including strict regulations, complex integrations, and COVID-19. Despite this, the NETSOL team adapted and delivered results. raised.”
Gauri further added, “Amidst these challenges, we were able to achieve several first delivery milestones during implementation, demonstrating NETSOL's unwavering commitment and ability to meet customer demands. This convinced the project sponsors to rally the local steering committee to support NETSOL, making this a very proud moment for us.”
He continued, “The successful execution of this historic contract is a significant accomplishment for our organization and demonstrates the dedication and hard work of our outstanding team. Our pipeline is strong in key markets, including the United States, and we look forward to offering this solution to new customers around the world.”
About NetSol Technologies
NETSOL Technologies, Inc. (Nasdaq: NTWK) is a global provider of IT and enterprise software solutions primarily serving the global financial and leasing industries. Our suite of applications is backed by 40 years of domain expertise and delivered by a dedicated team of experts located in 11 strategically located support and delivery centers around the world. Supported. NETSOL helps companies transform their finance and leasing operations, providing fully automated asset-based finance solutions that cover the entire finance and leasing lifecycle.
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