NETSOL Technologies, 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 the 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) solutions. The Osaka-based customer is 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. “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,” 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 its 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.