Speed Leasing selected NETSOL’s LeasePak Cloud SaaS platform to support its growing sales and next generation of power sports finance. Additionally, NETSOL’s mAccount will be used by Speed to enable customer self-service, payments and other self-service functions.

“We’ve forged a strong position in the power sports finance segment, and our business is growing rapidly,” said Hasham Malik, CEO of Speed Leasing. “Over the past several months, robust consumer and dealer demand for our lease finance product began taxing our technical ability to deliver it efficiently. We needed to work smarter and upgrade our technology. We are pleased to find a partner like NETSOL who has a proven strength in power sports finance, and we believe will be able to help accelerate our aggressive product expansion plans. LeasePak Cloud has more features than we thought possible to have in a single portfolio management solution.”

LeasePak Cloud boasts clients across the power sports, specialty finance, automotive captive and commercial banking industries and continues to add new capabilities, while also ensuring ongoing support for industry-mandated capabilities, such as the ASC 842 Lease Accounting Standards required for January 1, 2019.

“Each power sport asset represents an individual’s dream and the promise of adventure yet to come. We have so much experience and specialized capabilities to support Speed Leasing in the power sports finance industry, and we’re delighted to have been selected for the quality of our products and the expertise of our team,” added Jeffrey Bilbrey, President of NETSOL Technologies Americas. “Every client is unique in how they execute their business, and that is why we’re so focused on ensuring we have a flexible SaaS solution available to meet their needs.”

Speed Leasing provides flexible leasing options to motorcycle buyers and works with dealers across 25 U.S. states.

NETSOL Technologies provides IT and enterprise software solutions primarily to the global leasing and finance industry.