NETSOL signs multi-million-dollar agreement with Chinese Leasing Company for the implementation of Transcend Finance in Indonesia
NETSOL Technologies (NASDAQ: NTWK) has secured a multi-million-dollar contract with a Chinese leasing company for implementing Transcend Finance in Indonesia. The agreement includes the deployment of two key components: Omni Point of Sale (POS) and Contract Management System (CMS), along with a customized funding system.
The implementation represents a greenfield project, allowing for complete process redesign without legacy system constraints. The solution is specifically tailored to meet Indonesian regulatory and operational requirements. The Omni POS system enables quick credit applicant assessment and flexible business rule management, while the CMS handles detailed credit contracts throughout their lifecycle.
The implementation process is already underway, utilizing an agile-based methodology to ensure efficient deployment and responsiveness to client needs.
NETSOL Technologies (NASDAQ: NTWK) ha ottenuto un contratto multimilionario con una società di leasing cinese per implementare Transcend Finance in Indonesia. L'accordo include il dispiegamento di due componenti chiave: Omni Point of Sale (POS) e Contract Management System (CMS), insieme a un sistema di finanziamento personalizzato.
L'implementazione rappresenta un progetto greenfield, consentendo una completa riprogettazione dei processi senza vincoli dei sistemi legacy. La soluzione è specificamente adattata per soddisfare i requisiti normativi e operativi indonesiani. Il sistema Omni POS consente una rapida valutazione dei richiedenti di credito e una gestione flessibile delle regole aziendali, mentre il CMS gestisce contratti di credito dettagliati durante tutto il loro ciclo di vita.
Il processo di implementazione è già in corso, utilizzando una metodologia basata su agile per garantire un dispiegamento efficiente e una risposta tempestiva alle esigenze dei clienti.
NETSOL Technologies (NASDAQ: NTWK) ha asegurado un contrato multimillonario con una empresa de leasing china para implementar Transcend Finance en Indonesia. El acuerdo incluye el despliegue de dos componentes clave: Omni Point of Sale (POS) y Contract Management System (CMS), junto con un sistema de financiación personalizado.
La implementación representa un proyecto greenfield, permitiendo una completa reestructuración de procesos sin las limitaciones de los sistemas heredados. La solución está específicamente diseñada para cumplir con los requisitos regulatorios y operativos indonesios. El sistema Omni POS permite una rápida evaluación de los solicitantes de crédito y una gestión flexible de las reglas comerciales, mientras que el CMS maneja contratos de crédito detallados a lo largo de su ciclo de vida.
El proceso de implementación ya está en marcha, utilizando una metodología basada en ágil para asegurar un despliegue eficiente y una rápida respuesta a las necesidades del cliente.
NETSOL Technologies (NASDAQ: NTWK)는 인도네시아에서 Transcend Finance를 구현하기 위해 중국 리스 회사와 수백만 달러 규모의 계약을 체결했습니다. 이 계약에는 두 가지 주요 구성 요소의 배치가 포함됩니다: Omni Point of Sale (POS) 및 Contract Management System (CMS), 맞춤형 자금 조달 시스템과 함께.
이 구현은 레거시 시스템의 제약 없이 전체 프로세스를 재설계할 수 있는 그린필드 프로젝트를 나타냅니다. 이 솔루션은 인도네시아의 규제 및 운영 요구 사항을 충족하도록 특별히 설계되었습니다. Omni POS 시스템은 신속한 신용 신청자 평가와 유연한 비즈니스 규칙 관리를 가능하게 하고, CMS는 신용 계약을 전체 수명 주기 동안 관리합니다.
구현 프로세스는 이미 진행 중이며, 고객의 요구에 대한 효율적인 배치와 민첩한 대응을 보장하기 위해 애자일 기반 방법론을 활용하고 있습니다.
NETSOL Technologies (NASDAQ: NTWK) a obtenu un contrat de plusieurs millions de dollars avec une société de leasing chinoise pour mettre en œuvre Transcend Finance en Indonésie. L'accord comprend le déploiement de deux composants clés : Omni Point of Sale (POS) et Contract Management System (CMS), ainsi qu'un système de financement personnalisé.
La mise en œuvre représente un projet greenfield, permettant une refonte complète des processus sans les contraintes des systèmes hérités. La solution est spécifiquement adaptée pour répondre aux exigences réglementaires et opérationnelles indonésiennes. Le système Omni POS permet une évaluation rapide des demandeurs de crédit et une gestion flexible des règles commerciales, tandis que le CMS gère les contrats de crédit détaillés tout au long de leur cycle de vie.
Le processus de mise en œuvre est déjà en cours, utilisant une méthodologie basée sur l'agilité pour garantir un déploiement efficace et une réactivité aux besoins des clients.
NETSOL Technologies (NASDAQ: NTWK) hat einen multimillionenschweren Vertrag mit einem chinesischen Leasingunternehmen zur Implementierung von Transcend Finance in Indonesien gesichert. Die Vereinbarung umfasst die Bereitstellung von zwei wichtigen Komponenten: Omni Point of Sale (POS) und Contract Management System (CMS), zusammen mit einem maßgeschneiderten Finanzierungssystem.
Die Implementierung stellt ein Greenfield-Projekt dar, das eine vollständige Neugestaltung der Prozesse ohne Einschränkungen durch Altsysteme ermöglicht. Die Lösung ist speziell darauf ausgelegt, die regulatorischen und betrieblichen Anforderungen Indonesiens zu erfüllen. Das Omni POS-System ermöglicht eine schnelle Bewertung von Kreditbewerbern und eine flexible Verwaltung von Geschäftsvorschriften, während das CMS detaillierte Kreditverträge über ihren gesamten Lebenszyklus verwaltet.
Der Implementierungsprozess ist bereits im Gange und nutzt eine agile Methodik, um eine effiziente Bereitstellung und Reaktionsfähigkeit auf die Bedürfnisse der Kunden sicherzustellen.
- Multi-million dollar contract secured for Indonesian market expansion
- Greenfield implementation allowing higher customization and revenue potential
- New market entry strengthening NTWK's presence in Southeast Asia
- Additional revenue stream from customized funding system development
- Implementation timeline and specific contract value not disclosed
- Success dependent on client's market entry performance in Indonesia
Insights
NETSOL's multi-million-dollar agreement with a Chinese leasing company represents a significant win for a company of its size. With a market cap of just
This deal carries multiple revenue streams: initial implementation services, licensing fees for both Transcend Finance components (Omni POS and CMS), and the customized funding system tailored for Indonesia. The greenfield nature of the implementation likely commands premium pricing as it requires comprehensive services rather than incremental updates to existing systems.
The strategic importance extends beyond immediate revenue. By helping a Chinese leasing company expand into Indonesia, NETSOL positions itself as a gateway provider for financial institutions entering Southeast Asian markets. This creates potential for follow-on business as the client grows in Indonesia or as other Chinese financial institutions pursue similar expansion strategies.
The Indonesia-ready system mentioned in the announcement suggests NETSOL has already invested in developing market-specific configurations that comply with local regulations – creating a competitive advantage for capturing additional business in this region. The quick implementation timeline mentioned indicates faster revenue recognition than typical for complex financial system deployments.
For a small-cap technology company like NETSOL, securing multi-million dollar contracts demonstrates solid competitive positioning in the specialized asset finance and leasing technology sector, potentially warranting a reassessment of the company's growth trajectory.
The technical aspects of this deal reveal several strengths in NETSOL's market position. The implementation combines three integrated components: Omni Point of Sale, Contract Management System, and a custom funding system – creating a comprehensive financial technology stack tailored for the Indonesian market.
The greenfield implementation approach is significant as it allows for clean architecture without technical debt from legacy systems. This typically results in better system performance, reduced maintenance costs, and greater flexibility for the client. However, it also requires more extensive configuration and customization services, which typically command higher margins than standard implementations.
NETSOL's mention of an "Indonesia-ready system" indicates they've already developed country-specific configurations addressing local regulations, tax structures, and business practices. This pre-built compliance framework significantly reduces implementation risks and accelerates time-to-market – critical advantages for a company entering a new geography.
The agile-based methodology referenced by CEO Ghauri suggests an iterative implementation approach with frequent deliverables rather than a traditional waterfall deployment. This methodology typically allows for faster partial deployments and earlier revenue recognition, while also accommodating changing requirements during implementation.
The absence of data migration requirements (explicitly mentioned in the announcement) removes one of the most complex, time-consuming aspects of typical enterprise software implementations, further supporting the stated goal of a quick deployment timeline. This accelerated implementation pathway could mean the contract will begin generating revenue for NETSOL relatively quickly compared to typical enterprise software deployments.
ENCINO, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has signed a contract with a Chinese leasing company – marking the customer's expansion into the Indonesian market. The company specializes in providing a variety of leasing solutions across multiple industries, with a particular emphasis on equipment leasing, asset financing and commercial leasing.
The agreement signing is for the deployment of NETSOL’s Transcend Finance, comprising its Omni Point of Sale (Omni POS) and Contract Management System (CMS).
Omni POS is a highly agile, easy-to-use application which 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 is a powerful and functionally rich application for managing and maintaining detailed credit contracts throughout their entire lifecycle.
Alongside Transcend Finance, the customer has also opted for a customized funding system tailored to meet their specific requirements. Built with flexibility and scalability, it has been designed to provide them with a seamless platform for managing funding operations, allowing for quick decision-making and smoother transactions as they establish their presence in the new market.
This partnership represents a greenfield implementation, allowing for a complete redesign and customization of processes without constraints from legacy infrastructure. The solution being implemented is an Indonesia-ready system, tailored to the country’s regulatory and operational requirements, with no data migration required from any previous system.
“We are excited to partner with this new customer as they expand their footprint into Indonesia,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc. “Our tailored leasing technology and funding system will help facilitate a seamless and rapid launch of their operations. The combination of our robust technology and region-specific customization positions us as the ideal partner for their success in Indonesia.”
“Our collaborative approach utilizes an agile-based methodology, ensuring that the implementation is not only efficient, but also responsive to the evolving needs of the client,” he added. “This methodology allows us to deliver a swift, high-quality deployment while addressing evolving requirements and ensuring successful market entry.”
“We look forward to building a long-term relationship with the client as they enter the Indonesian market for the very first time, supporting their growth and continuing to innovate in the leasing and funding space,” said Amanda Li Linjie, President of NETSOL China. “We believe this collaboration will create immense value for both parties and we are committed to ensuring the system is perfectly suited to their operational needs.”
“The Indonesia-ready system will enable the customer to smoothly navigate the complexities of the Indonesian market and swiftly integrate their business operations,” she added. “The implementation process will be a quick one and it is already underway. Both teams are working collaboratively to ensure the system meets all local business and regulatory needs.”
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.
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.
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FAQ
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