NETSOL launches Flex - a newly developed, cloud-based calculation engine

Rhea-AI Summary

NETSOL Technologies (Nasdaq: NTWK) has launched Flex, a new pure-play SaaS product designed for seamless integration into client ecosystems. Flex serves as an API-based calculation engine, enabling accurate calculations throughout the contract lifecycle, from pricing to amortizations. The product aims to enhance delivery efficiency and product management across various industries, not limited to finance and leasing. CEO Najeeb Ghauri expressed enthusiasm for Flex's global rollout, highlighting plans for additional products under the Appex marketplace.

Positive

• Launch of Flex, a versatile API-based calculation engine.
• Flex supports out-of-the-box integration into client ecosystems.
• Potential to enhance delivery efficiency and product management across various industries.
• Global launch across all regions NETSOL operates in.

Negative

• None.

A pure-play SaaS product, Flex enables out-of-the-box integration into a client’s ecosystem.

CALABASAS, Calif., Oct. 12, 2022 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has launched its latest product offering - Flex, which is an API-based, ready-to-use calculation engine that guarantees precise calculations at all stages of the contract lifecycle through various calculation types.

Flex provides versatility by covering all the calculation aspects ranging from the pricing for the end customer at inception, in-life financial modifications, the re-creation of the repayment plan, termination, amortizations/re-amortizations, among other calculation types.

“We are extremely excited as Flex has been launched across all regions NETSOL operates in,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies. “It has been launched under the umbrella of Appex marketplace. NETSOL will introduce and launch further products and services under this marketplace in the future.”

“Flex is essentially an instant, cloud-based calculation engine for out-of-the-box integration into a client’s products, services and ecosystem,” said Kamran Khalid, Chief Product Officer at NETSOL Technologies. “With parameter-driven calculations, Flex provides simplistic, multi-dimensional as well as the most complex calculations based on the needs of a client and their business.”

“The pure-play SaaS product is not limited to the global finance and leasing industry, but with native integrations, can become a highly adaptable, scalable and comprehensive solution for various products, services, systems and industries,” he added. “It enables an ecosystem of value across multiple functions and systems to accelerate growth and drive clients into the future by enhancing delivery efficiency and product management.”

To explore Flex, please visit: www.flexengine.io

About NETSOL Technologies
NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and finance industry. The Company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1750 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent – 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.

Investor Relations Contact:

Investor Relations
(818) 222-9195
investors@netsoltech.com

FAQ

What is Flex by NETSOL Technologies?

Flex is a pure-play SaaS product that functions as an API-based calculation engine for accurate contract lifecycle calculations.

When was Flex launched?

Flex was launched on October 12, 2022.

How does Flex benefit businesses?

Flex enhances delivery efficiency and product management, allowing for precise calculations across various industries.

What industries can use Flex?

While primarily targeted at the finance and leasing industry, Flex is adaptable for various products and services across multiple sectors.

What does NETSOL Technologies (NTWK) plan for the future?

NETSOL plans to introduce and launch additional products and services under the Appex marketplace following Flex's launch.