Due to provision of a license and key services to the sister company for installation of NFS Ascent at the client site, NETSOL Technologies Ltd., Pakistan will profit from this contract.
The notification sent to PSX on Thursday revealed that the Australian subsidiary of NETSOL Technologies has signed a multi-million dollar contract with the finance department of a major Japanese company that manufactures agricultural and industrial equipment.
The deal entails the company’s operations in Australia implementing NFS Ascent Retail, NETSOL’s top technology platform.
Due to the provision of a license and key services to the sister company for the installation of NFS Ascent at the client site, NETSOL Technologies Ltd., Pakistan will directly profit from this contract. Over the course of the contract, this is anticipated to produce a remarkable amount of intercompany revenue.
The contract includes NFS Digital touchpoints such as Self Point-of-Sale (Self POS), Mobile Point-of-Sale (mPOS), and Mobile Account in addition to Ascent Omni Point-of-Sale (Omni POS) and Ascent Contract Management System (CMS) (mAccount).
It is anticipated that the implementation process will take twelve to fourteen months. The client will now extend their partnership with NETSOL into Australia. The client already uses NETSOL’s solutions in New Zealand.
The asset finance and leasing industry is the primary market served by NETSOL Technologies, a global provider of IT and enterprise software solutions. NETSOL Technologies has built a reputation for offering its clients top-notch solutions. This new contract serves as evidence of the company’s ongoing success and growth, as well as its expansion into new markets.
Innovating solutions for the global asset finance and leasing market, NETSOL Technologies continues to be a market leader.
By leveraging NETSOL’s global positioning and creating strong growth potential, they aim to become the leading and top-tier provider of IT solutions and services in each of their operating markets. This will increase shareholder value and foster an environment that is favorable for NETSOL’s employees.
With the help of cutting-edge technology, NFS Ascent enables banks as well as auto, equipment, and big ticket finance companies to easily manage their retail and wholesale finance businesses.
It is designed to provide finance and leasing companies with a platform that supports their growth in terms of business volume and transactions thanks to its broad domain coverage and potent configuration engines.