Profile: NetSol Technologies Inc (NTWK.O)
23 Jan 2017
NetSol Technologies, Inc., incorporated on March 18, 1997, is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry. The Company's segments include North America, Europe and Asia-Pacific. The Company's offerings include its global solution, NFS. The four applications under NFS have been designed and developed for a setting, and deals with multinational, multi-company, multi-asset, multi-lingual, multi-distributor and multi-manufacturer environments. Each application is used independently to address specific sub-domains of the leasing/financing cycle.
The Company's platform, NFS Ascent, offers a solution for the auto and equipment finance and leasing industry. The platform's framework allows auto captive and asset finance companies to transform legacy driven technology into an IT and business process environment. NFS Ascent platform is a lease accounting and contract processing engine, which allows for an array of interest calculation methods, as well as accounting of multi-billion dollar lease portfolios in compliance with various regulatory standards. NFS and NFS Ascent have various applications, such as loan origination system (LOS), contract management system (CMS), wholesale finance system (WFS) and fleet management system (FMS). LOS includes point of sale (POS) and credit application processing system (CAP).
The Company's POS is a front office processing system for companies in the financial sector. POS provides a quotation system, which also includes a simulation for all kinds of financial products using a built-in loan calculator. CAP provides companies in the financial sector with an environment to handle the incoming credit applications from dealers, agents, brokers and the direct sales force. CAP automatically gathers information from different interfaces, such as credit rating agencies, evaluation guides, and contract management systems and gives the applications a score against user-defined point scoring system. CMS provides a range of business functionality that enables its users to manage and maintain a contract with the details throughout its life cycle. It provides interfaces with external systems, such as banks and accounting systems. CMS maintains details of all business partners that do business with the Company, including customers, dealers, debtors, guarantors, insurance companies and banks.
WFS automates and manages the floor plan/bailment activities of dealerships through a finance company. FMS is designed to handle all fleet management needs. FMS is integrated with CMS and WFS, as well as with any third-party contract management system to ensure a single system. FMS features include a detailed tracking of information on every driver and vehicle; customizable reports; periodic reporting on fleet related aspects; Internet-based access to information; integration with third party software, and linkage to global positioning system (GPS) for real time tracking. DAAS is a Web-based solution that is used in conjunction with WFS or any third-party wholesale finance system. It addresses the needs of dealer, distributor and auditor access in a wholesale financing arrangement.
The Company's NFS Mobility enables a sales force for the finance and leasing company across different channels, such as point of sale, field investigation and auditing, as well as allowing end customers to access their contract details through a self-service mobile application. Its NFS Mobility includes mobile account (mAccount), mobile point of sale (mPOS), mobile dealer (mDealer), mobile auditor (mAuditor) and mobile field investigator (mFI). Its mAccount is a self-service mobile solution, which allows the customer to setup a secured account and view information across the clock to keep track of contract status, reducing inbound calls for customer queries and improving turnaround time for repayments. mPOS application is a Web and mobile enabled platform featuring a customizable home screen dashboard along with multiple quotation, application submission, work queues and detailed reporting.
The Company's mDealer provides a mobile platform that delivers visibility and control over inventories. Dealers can view their use of floorplan facility, stock status and financial conditions, while entering settlement requests or relocating assets. mAuditor schedules visits, records audit exceptions and tracks assets for higher levels of transparency, in real time. mFI includes features that permits applicant detail verification on the go. The application features a reporting dashboard that displays progress stats, action items and latest notifications.
The Company's regional NFS offerings include LeasePak, LeasePak Software-as-a-Service (SaaS) and LeaseSoft. LeasePak streamlines the lease management lifecycle, while maintaining customer service and reducing operating costs. It handles every aspect of the lease or loan lifecycle, including credit application origination, credit adjudication, pricing, documentation, booking, payments, customer service, collections, midterm adjustments, and end-of-term options and asset disposition. It is also integrated with Vertex Series O. Its LeasePak SaaS provides an option whereby customers only require access to the Internet and Web browser to use the software. LeaseSoft is a lifecycle lease and finance system.
The Company competes with White Clarke, Fimasys, International Decision Systems, Data Scan, CHP Consulting, 3i Infotech, Finnone, Nucleus Software, Wipro, InfoSys, Satyam Infoway, HCL and TCS.
NetSol Technologies Inc
24025 Park Sorrento Ste 410
CALABASAS CA 91302-4036