Encino, Calif., Oct. 16, 2024 (Globe Newswire) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in providing cutting-edge solutions to the asset finance and leasing industry, announces the following announcements: We did this. The company, a prominent provider of auto financing services across China and a long-time partner of ours, announced that it has begun operating NETSOL’s Transcend Finance Platform as part of a multi-million dollar agreement. did.
A NETSOL partner since 2009, the Guangzhou-based customer decided to upgrade to the company’s Transcend Finance Platform to upgrade and manage its retail and wholesale operations. This includes Omni POS and Contract Management System (CMS) for retail operations, and Wholesale Finance System (WFS) for wholesale. This migration also includes an end-to-end migration. This is one of the largest migrations by NETSOL in China with over 3 million contracts.
“This customer is a major player in China’s auto finance sector and has been a NETSOL partner for over a decade and a half,” said Najeeb Ghauri, founder and CEO of NETSOL Technologies Inc. Ta. We are very pleased that this partner has decided to upgrade to Transcend products as the next step in introducing the Transcend platform to both new and existing customers, and we deeply appreciate their continued trust and partnership. I think so. ”
NETSOL performed this migration seamlessly, with zero major go-live failures and 100% data migration success. ” he added. “We are extremely proud of our delivery team, which has an unprecedented track record of meeting implementation schedules and maintaining a 100% implementation success rate worldwide.With our advanced technology solutions, we We don’t just upgrade systems, we enhance experiences, enhance efficiency, and ensure our customers remain at the forefront of technology evolution.”
Amanda Li Lingjie, President of NETSOL Technologies China, said, “Our client, a prominent figure in China’s automotive industry, adopted the AI-powered Transcend Finance Platform as a strategic move to transform its business environment. I did,” he commented. “This transformational leap forward allows us to aim for unprecedented levels of performance, efficiency and competitiveness in the dynamic automotive market.”
About NetSol Technologies
NETSOL Technologies is a global leader in providing cutting-edge solutions to the asset finance and leasing industry, serving automotive and equipment OEMs, automotive captives, and financial institutions in more than 30 countries. Since its founding in 1996, NETSOL has been at the forefront of technology, pioneering innovation in asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of global markets. Known for its deep industry expertise, customer-centric approach, and commitment to excellence, NETSOL fosters strong partnerships with its clients to ensure their success in an ever-evolving environment. With a rich history of innovation, ethical business practices, and a focus on sustainability, NETSOL is dedicated to empowering businesses around the world and positions itself as a trusted partner to leading companies around the world. We are ensuring.
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