NetSol Technologies Wins New Mexican Contract to Implement Award Winning Financial Suite With Leading Global Auto Manufacturer
NR Finance Mexico, S.A., an Affiliate of Nissan Motor Company, to Implement Key Components of the NetSol Financial Suite (NFS)
EMERYVILLE, CA--(Marketwire - August 4, 2009) - NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business
services and enterprise application solutions to private and public sector
organizations worldwide, today announced that it has signed a contract with
NR Finance Mexico, S.A. (affiliate of Nissan Motor Company) to implement
key components of the NetSol Financial Suite (NFS) group of products, based
on a deployment for an estimated 160 dealers in the Mexican market. The
implementation builds upon a successful proof of concept stage and will
include the NFS Wholesale Finance System (WFS), a robust and flexible
system for Floorplan lending business.
Najeeb Ghauri, NetSol Technologies, Inc. Chairman and Chief Executive
Officer, stated, "This agreement further expands NetSol's presence in the
Americas. We strongly believe that the NetSol Financial Suite, with
component products including WFS, is adaptable to all market conditions,
making it the suitable choice for large customers operating on a global
framework who are looking for a cost-efficient, scalable enterprise
solution for their credit and portfolio management needs."
Based on the concept of "one asset, one loan," NetSol's WFS facilitates
asset tracking and costing with features such as credit request management,
loan management, stock auditing, and billing and settlement. An add-on to
WFS, the web-based Dealer and Auditor Access System, provides dealers with
specific, secure access to their contracts and auditors with complete and
secure access to the data and statistics needed for thorough reviews. With
these tools, WFS helps users stay ahead of the competition, managing
communications efficiently through a wide array of interfaces, including
banks, dealers, distributors, ledgers, and document handling and processing
applications.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK) is a
worldwide provider of global business services and enterprise application
solutions. Since its inception in 1995, NetSol has used its BestShoring™
practices and highly experienced resources in analysis, development,
quality assurance, and implementation to deliver high-quality,
cost-effective solutions. Specialized by industry, these product and
services offerings include credit and finance portfolio management systems,
hospital/healthcare information management systems (HIMS), SAP consulting
and services, custom development, systems integration, and technical
services for the global Financial, Healthcare, Insurance, Energy, and
Technology markets. NetSol's commitment to quality is demonstrated by its
achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering
Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a
distinction shared by fewer than 100 companies worldwide. NetSol
Technologies' clients include Fortune 500 manufacturers, global automakers,
financial institutions, utilities, technology providers, and government
agencies. Headquartered in Emeryville, California, NetSol Technologies has
operations and offices in Adelaide, Bangkok, Beijing, Lahore, London, and
San Pedro Sula.
To learn more about NetSol Technologies, Inc., visit www.netsoltech.com
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NetSol Technologies, Inc. Forward-looking Statement
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development of the Company's products and services and future operation
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Company's actual results include the progress and costs of the development
of products and services and the timing of the market acceptance.