Leading Japanese Equipment Finance Company and Longstanding NETSOL Customer Goes Live with NETSOL’s Transcend Finance Platform in Australia
NETSOL Technologies (NTWK) has announced the successful go-live of its Transcend Finance Platform for a major Japanese equipment finance company's operations in Australia. This implementation follows a multi-million dollar agreement from February 2023 and builds upon their existing partnership in New Zealand.
The platform deployment includes the Omni Point-of-Sale (Omni POS) solution, which offers rapid credit assessment and customizable business rules, and the Contract Management System (CMS) for comprehensive credit contract lifecycle management. The Osaka-based customer, specializing in agricultural machinery and construction equipment, has also opted for additional digital solutions including Self Point of Sale (Self POS) and Mobile Account (mAccount) to enhance customer self-service capabilities.
NETSOL Technologies (NTWK) ha annunciato il successo del lancio della sua Transcend Finance Platform per le operazioni di una grande azienda giapponese di finanziamento di attrezzature in Australia. Questa implementazione segue un accordo da diversi milioni di dollari datato febbraio 2023 e amplia la loro partnership esistente in Nuova Zelanda.
Il deployment della piattaforma include la soluzione Omni Point-of-Sale (Omni POS), che offre una rapida valutazione del credito e regole aziendali personalizzabili, e il Contract Management System (CMS) per una gestione completa del ciclo di vita dei contratti di credito. Il cliente con sede a Osaka, specializzato in macchine agricole e attrezzature da costruzione, ha anche optato per ulteriori soluzioni digitali, tra cui Self Point of Sale (Self POS) e Mobile Account (mAccount), per migliorare le funzionalità di self-service dei clienti.
NETSOL Technologies (NTWK) ha anunciado el exitoso lanzamiento de su Transcend Finance Platform para las operaciones de una importante empresa japonesa de financiación de equipos en Australia. Esta implementación sigue un acuerdo multimillonario de febrero de 2023 y se basa en su asociación existente en Nueva Zelanda.
El despliegue de la plataforma incluye la solución Omni Point-of-Sale (Omni POS), que ofrece una evaluación de crédito rápida y reglas comerciales personalizables, y el Contract Management System (CMS) para la gestión integral del ciclo de vida de contratos de crédito. El cliente con sede en Osaka, especializado en maquinaria agrícola y equipos de construcción, también ha optado por soluciones digitales adicionales, incluidas Self Point of Sale (Self POS) y Mobile Account (mAccount), para mejorar las capacidades de autoservicio del cliente.
NETSOL Technologies (NTWK)는 호주에서 주요 일본 장비 금융 회사의 운영을 위해 Transcend Finance Platform의 성공적인 출시를 발표했습니다. 이번 구현은 2023년 2월에 체결된 수백만 달러 규모의 계약을 따르며 뉴질랜드에서의 기존 파트너십을 기반으로 합니다.
플랫폼 배포에는 빠른 신용 평가와 맞춤형 비즈니스 규칙을 제공하는 Omni Point-of-Sale (Omni POS) 솔루션과 신용 계약 수명 주기를 포괄적으로 관리하는 Contract Management System (CMS)이 포함됩니다. 농업 기계 및 건설 장비를 전문으로 하는 오사카 소재 고객은 고객의 셀프 서비스 기능을 향상시키기 위해 Self Point of Sale (Self POS) 및 Mobile Account (mAccount)와 같은 추가 디지털 솔루션도 선택했습니다.
NETSOL Technologies (NTWK) a annoncé le lancement réussi de sa Transcend Finance Platform pour les opérations d'une grande entreprise japonaise de financement d'équipements en Australie. Cette mise en œuvre fait suite à un accord de plusieurs millions de dollars de février 2023 et s'appuie sur leur partenariat existant en Nouvelle-Zélande.
Le déploiement de la plateforme inclut la solution Omni Point-of-Sale (Omni POS), qui offre une évaluation rapide du crédit et des règles d'entreprise personnalisables, ainsi que le Contract Management System (CMS) pour une gestion complète du cycle de vie des contrats de crédit. Le client basé à Osaka, spécialisé dans les machines agricoles et l'équipement de construction, a également choisi des solutions numériques supplémentaires, notamment Self Point of Sale (Self POS) et Mobile Account (mAccount), pour améliorer les capacités de libre-service des clients.
NETSOL Technologies (NTWK) hat den erfolgreichen Go-Live seiner Transcend Finance Platform für die Operationen eines großen japanischen Ausrüstungsfinanzierungsunternehmens in Australien angekündigt. Diese Implementierung folgt einer mehrjährigen Millionen-Dollar-Vereinbarung aus dem Februar 2023 und baut auf ihrer bestehenden Partnerschaft in Neuseeland auf.
Die Bereitstellung der Plattform umfasst die Omni Point-of-Sale (Omni POS)-Lösung, die eine schnelle Kreditbewertung und anpassbare Geschäftsregeln bietet, sowie das Contract Management System (CMS) für eine umfassende Verwaltung des Kreditvertragslebenszyklus. Der in Osaka ansässige Kunde, der sich auf landwirtschaftliche Maschinen und Bauausrüstung spezialisiert hat, hat sich außerdem für zusätzliche digitale Lösungen entschieden, darunter Self Point of Sale (Self POS) und Mobile Account (mAccount), um die Selbstbedienungsfähigkeiten der Kunden zu verbessern.
- Multi-million dollar contract implementation successfully completed
- Geographic expansion of existing customer relationship from New Zealand to Australia
- Additional revenue potential from supplementary digital solutions (Self POS and mAccount)
- None.
Insights
The successful deployment of NETSOL's Transcend Finance Platform in Australia represents a significant milestone in the company's Asia-Pacific expansion strategy. This implementation for a major Japanese equipment finance company carries several important implications:
- Revenue Impact: While the exact contract value isn't disclosed, the multi-million dollar agreement suggests a meaningful contribution to NETSOL's revenue stream, particularly significant given the company's market cap of
$30.4 million. - Market Expansion: The customer's expansion from New Zealand to Australia demonstrates NETSOL's ability to retain and grow relationships with major clients, potentially leading to further regional expansions.
- Product Suite Strength: The comprehensive deployment including Omni POS, CMS, Self POS and mAccount showcases NETSOL's full-stack capabilities in the equipment finance sector. The AI-powered Transcend Platform positions NETSOL competitively in the rapidly evolving fintech landscape.
- Strategic Value: The implementation for a Japanese equipment giant specializing in agricultural and industrial machinery indicates NETSOL's growing presence in the high-value equipment financing sector, a market experiencing increased demand for digital transformation.
The deployment's success in both Australia and New Zealand could serve as a reference point for other potential clients in the Asia-Pacific region, potentially catalyzing further business opportunities. The focus on digital self-service solutions aligns with the industry trend toward autonomous financial operations and enhanced customer experience.
ENCINO, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, has announced the go-live of its Transcend Finance Platform for a leading Japanese equipment finance company in Australia.
NETSOL announced a multi-million dollar agreement with this customer in February 2023 for the implementation of NETSOL’s Transcend Finance, which includes Omni Point-of-Sale (Omni POS) and Contract Management System (CMS) soutions. The Osaka-based customer is currently live with NETSOL’s solutions for its financial division in New Zealand. The customer offers products and technologies in various fields, including tractors and other agricultural machinery, construction, engines, and various other forms of equipment.
“We are thrilled to support the finance division of this leading global agricultural and industrial equipment manufacturer as they go live with our finance and leasing technology solutions for their operations in Australia,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc. “Building on the success of our partnership in New Zealand, this expansion highlights the trust and value our solutions in streamlining and enhancing their operations across the region. We look forward to continuing our collaboration and enabling this customer to drive continued business growth.”
Omni Point-of-Sale (Omni POS) is a highly agile, easy-to-use, web and mobile-based application which delivers an intuitive user experience, with features that enable rapid data capture. It enables users to rapidly assess the merit of credit applicants and empowers them to change business rules, add approval levels and adjust reporting requirements according to their needs.
Transcend Finance’s Contract Management System (CMS) is a powerful and functionally rich application for managing and maintaining detailed credit contracts throughout their lifecycle – from pre-activation and activation through customer management, asset financial management, billing and collections, finance and accounting, restructuring and maturity.
“Our advanced technology solutions are designed to futureproof the operations of financial institutions worldwide,” Mr. Ghauri added. “By implementing solutions from our AI-powered Transcend Platform, the customer will ensure they remain at the forefront of innovation, be better equipped to adapt to changing market dynamics, and enhance operational efficiency for their operations in both Australia and New Zealand.”
The customer also opted for other digital solutions from NETSOL to further augment and enhance their operations. These include two customer self-service products - Self Point of Sale (Self POS) and Mobile Account (mAccount). Self POS allows customers to go through the complete buying and financing process online and on their mobile device, while mAccount enables the customer to setup a secure account, view information 24/7, resolve queries and make payments.
About NETSOL Technologies
NETSOL Technologies is a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, serving automotive and equipment OEMs, auto captives and financial institutions across over 30 countries. Since its inception in 1996, NETSOL has been at the cutting edge of technology, pioneering innovations with its asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of the global market. Renowned for its deep industry expertise, customer-centric approach and commitment to excellence, NETSOL fosters strong partnerships with its clients, ensuring their success in an ever-evolving landscape. With a rich history of innovation, ethical business practices and a focus on sustainability, NETSOL is dedicated to empowering businesses worldwide, securing its position as the trusted partner for leading firms around the globe.
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FAQ
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