NETSOL Technologies Inc. (Nasdaq: NTWK) has signed a multi-million-dollar contract with a Chinese leasing company to implement its Transcend Finance platform in Indonesia.
The deal supports the customer’s expansion into Indonesia and includes NETSOL’s Omni Point of Sale (Omni POS) and Contract Management System (CMS), as well as a customized funding system tailored to local operational and regulatory needs.
Omni POS allows users to assess credit applications, adjust business rules and manage approval processes. The CMS manages credit contracts throughout their lifecycle. NETSOL said the Indonesia-specific implementation will be a greenfield deployment, meaning it will not require data migration from an existing system.
“This partnership will help facilitate a seamless and rapid launch of their operations,” said Najeeb Ghauri, founder and CEO of NETSOL Technologies. “Our agile-based methodology ensures the implementation is efficient and responsive to the client’s evolving needs.”
The Chinese leasing firm, which provides equipment leasing, asset financing and commercial leasing, is entering the Indonesian market for the first time.
Amanda Li Linjie, president of NETSOL China, said the system is already under implementation and is designed to meet all local regulatory and business requirements.
NETSOL Technologies provides software solutions for the asset finance and leasing industry across more than 30 countries.
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