NETSOL Technologies to deploy its cutting edge mobile origination and approval systems for PT. Mizuho Balimor Finance, Indone...
March 15 2017 - 7:00AM
NetSol Technologies, Inc. (Nasdaq:NTWK), a leading global provider
of enterprise application solutions and business services to the
finance and leasing industry, has signed an agreement for its
mobile origination (point of sale) system with PT. Mizuho Balimor
Finance (MBF) in Indonesia. NETSOL has been announced as MBF’s
preferred vendor in the region. The contract includes product
license, a five year maintenance agreement and agreed
customizations rates for both applications.
PT Mizuho Balimor Finance (MBF) is one of
Indonesia’s foremost multi-finance companies, especially excelling
in the auto financing domain.
The application being deployed will be used by
field teams (salesman/dealers) to initiate credit applications and
provide a quick approval & turnaround to customers seeking
finance and lease products from MBF. The mobile application will
subsequently enable processing of more applications in lesser
time.
“Our solution will increase operational
efficiencies for PT. Mizuho Balimor Finance and bring concrete
results in terms of costs and reduced contract conversion times.
Mizuho Balimor is a pioneering company which turned towards the
latest, next-generation technologies for future growth and
progression. We are glad to work with them and implement our
ground-breaking solution,” said Najeeb Ghauri, Founder, Chairman
& Chief Executive Officer, NETSOL Technologies. “We look
forward to further creating business value for them and fostering
this relationship in the coming years.”
mPOS (Mobile Point of Sale) is a complete
origination and conversion solution which handles all related
tasks, including menu selling, quick credit origination, deals and
promotions, customer engagement and dynamic reporting enabling
field teams to request, capture, check, validate customer
information and communicate all relevant information with back
office to assist in converting a contract application. To find out
more log onto http://netsoltech.com
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq:NTWK) is a
worldwide provider of IT and enterprise software solutions
primarily serving the global leasing and financing industry. The
Company’s suite of applications are backed by 40 years of domain
expertise and supported by a committed team of more than 1,500
professionals placed in eight strategically located support and
delivery centers throughout the world. NFSTM, LeasePakTM, LeaseSoft
or NFS AscentTM, Mobile Applications – help companies transform
their finance and leasing operations, providing a fully automated
asset-based finance solution covering the complete leasing and
finance lifecycle.
Forward-Looking Statements
This press release may contain forward-looking
statements relating to the development of the Company's products
and services and future operation results, including statements
regarding the Company that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those projected. The words “expects,” “anticipates,”
variations of such words, and similar expressions, identify
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, but their absence does
not mean that the statement is not forward-looking. These
statements are not guarantees of future performance and are subject
to certain risks, uncertainties, and assumptions that are difficult
to predict. Factors that could affect the Company's actual results
include the progress and costs of the development of products and
services and the timing of the market acceptance. The subject
Companies expressly disclaim any obligation or undertaking to
update or revise any forward-looking statement contained herein to
reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Contact:
William Maina
ICR
investors@netsoltech.com
(646) 277-1236
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