NetSol Technologies new auto and equipment asset financing and leasing platform

NetSol Technologies, Inc. (NASDAQ: NTWK) said it has released NFS Ascent, the company´s next generation platform, offering the most technologically advanced solution for the auto and equipment finance and leasing industry.

NFS Ascent´s architecture and user interfaces were designed based on the company´s collective experience with global Fortune 500 companies over the past 30 years. The platform´s framework allows auto captive and asset finance companies to rapidly transform legacy dependent information technology into a state-of-the-art IT and business process environment.

At the core of the Ascent platform is a lease accounting and contract processing engine, which allows for an array of interest calculation methods, as well as robust accounting of multi-billion dollar lease portfolios under various types of generally accepted accounting principles (GAAP), as well international financial reporting standards (IFRS).

NFS Ascent, with its distributed and clustered deployment across parallel application and high volume data servers, enables finance companies to process voluminous data in a hyper speed environment.

Headquartered in Calabasas, Calif., NetSol Technologies (www.netsoltech.com) is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration and technical services for asset finance and leasing in the automotive, insurance, energy and technology markets.

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