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July 5, 2009

NetSol wins new European contract

Marks market entry of its finance system offering into the European market

By CBR Staff Writer

NetSol Technologies has announced that a Netherlands-based company, focused on the wholesale commercial finance sector, has selected NetSol’s Wholesale Finance System offering, within the NetSol Financial Suite (NFS), for its Channel Finance business in Europe.

NFS provides offerings for credit, lease and loan accounting, fleet management and wholesale finance needs.

Naeem Ghauri, president and head of global sales for NetSol Technologies, said: By working in close partnership with our new client we will deliver robust wholesale finance system capabilities to handle many different types of assets, as well as combining our invoice financing functionality into a single, fully integrated, solution.”

He further said: “Europe is a market with huge potential for channel finance and NetSol’s multi-asset, multi-lingual, and multi-party system is uniquely designed to help our client realise exceptional results in a highly flexible environment.

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NetSol Technologies is a US corporation providing business services and enterprise application offerings.

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