Business

Netsol Signs Multi-Million Contract in China

NETSOL Technologies secured an agreement with a major American multinational automaker to implement its NFS Ascent Retail Platform in China. The contract covers installation of the complete NFS Ascent Retail Suite and Contract Management System, both of which will be integrated into the customer’s leasing operations. The multi-million-dollar contract covers installation of the complete NFS Ascent Retail Suite including its Loan Origination System (LOS) and Contract Management System (CMS), both of which will be integrated into the customer’s leasing operations.

This customer win, in addition to their recently signed $30 million deal with a major European auto automaker, will only generate more opportunities for new business as increased complexity and customization requests continue to drive longer, more substantial revenues within the leasing and finance landscape. “We look forward to a successful implementation and to growing our relationship with this customer in the coming months,” says NETSOL Co-Founder and CEO Najeeb Ghauri.

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