Aldermore Asset Finance Goes Live with NetSol’s LeaseSoft V8
April 22 2016 - 8:00AM
NetSol Technologies, Inc. (Nasdaq:NTWK), a global business services
and enterprise application solutions provider, today announced that
a project to implement LeaseSoft V8 and migrate the live agreement
portfolio of Aldermore Asset Finance has been successfully
completed.
NetSol’s LeaseSoft V8 system delivers enhanced functionality
providing seamless capability to manage all back office
requirements with improved efficiency, productivity and
control.
“Aldermore and NetSol teams have worked tirelessly to deliver
this critical project in an especially short timeframe and with
minimal business disruption," said Carl D'Ammassa, Group Managing
Director – Business Finance of Aldermore Bank. "Investment of this
kind is critical to help enhance our service to customers and
broker partners and further underpins our ambitions for our Asset
Finance business, which recorded nearly £900 million in new
business originations in 2015 and has lent more than £3 billion
since setting out on our journey."
"This successful project delivery provides further endorsement
of NetSol's software and professional services capabilities and
builds upon our efforts in the UK and throughout Europe," said
Naeem Ghauri, President and Global Head of Sales of NetSol. "Our
solutions – whether NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM –
help companies transform their finance and leasing operations,
providing a fully automated asset-based finance solution covering
the complete leasing and finance lifecycle."
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 1500 professionals
placed in eight strategically located support and delivery centers
throughout the world.
Forward-Looking Statements
This press release may contain forward-looking statements
relating to the development and implementation of the Company's
products and services, completion of contracts, projected revenues,
future operation results and product and services outlook,
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.
Investor Contacts:
PondelWilkinsonMatt Sheldon |
investors@netsoltech.com(310) 279-5975
Media Contacts:
PondelWilkinsonGeorge Medici |
gmedici@pondel.com(310) 279-5968
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