NETSOL Technologies released LeasePak Cloud, the seventh edition of the popular LeasePak end-to-end portfolio management solution for the asset finance industry.

Four of the top 10 banks, three brand-name automotive captives and many other finance companies across North America are currently using LeasePak. With this new cloud release, the application is now accessible to a whole new range of growing finance companies and start-ups, providing them with all the capabilities they need to deliver to their customers, which until now, had been out of reach.

LeasePak Cloud now also offers an integrated digital platform, NFS DIGITAL, which brings customer self-service to mobile and tablet devices. This platform offers virtual reality functionality as well as artificial intelligence-powered “chatbot” programs for automated customer service responses.

The new LeasePak Cloud features:

• Integrated mobile app self-service and dealer field service
• Refreshed application architecture with microservices that provide adaptability into any customer environment
• Updated end-user experience with a modern-looking interface
• Updates to user configurability capabilities
• Credit bureau reporting fully compliant with the CDIA Metro2 formats, standards and regulations, and built-in automations

“For years LeasePak has been used by some of the largest banks, equipment finance and automotive finance companies in North America,” added Jeff Bilbrey, president of NETSOL Technologies Americas. “We are proud and excited to now bring this powerful loan and leasing platform to the cloud, making a large enterprise solution accessible to medium and small businesses.”