NetSol Technologies Inc. Strengths, Domain Expertise, and Key Differentiators
NetSol's offerings include its flagship global solution, NFS. A robust suite of four software applications that is an end-to-end solution for the asset finance industry covering the complete leasing and finance cycle starting from quotation origination through end of contract transactions and including digital channel support with intuitive mobile applications. The four applications under NFS have been designed and developed for a highly flexible setting and are capable of dealing with multinational, multi-company, multi-asset, multi-lingual, multi-distributor and multi-manufacturer environments.
Each application is a complete system in itself and can be used independently to address specific sub-domains of the leasing/financing cycle. When used together, they fully automate the entire leasing/financing cycle for companies of any size, including those with multi-billion-dollar portfolios. NFS Ascent, the Company's next-generation platform, offers a 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 40 years combined with UX design concepts.
The platform's framework allows auto captive and asset finance companies to rapidly transform legacy driven technology into a state-of-the-art IT and business process environment. At the core of the NFS 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 in compliance with various regulatory standards.
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. With a low monthly service fee, start-up finance companies, regional banks, brokers, and dealers can have access to one of the industry's most scalable, end-to-end solutions for leasing and lending originations and portfolio management. LeasePak CLOUD streamlines every step of the financial life cycle from contract origination to all middle and back-office activities, straight through to contract end-of-term.
NetSol Technologies Inc. Recent Developments
In April 2021, NETSOL Technologies, a global business services and enterprise application solutions provider, announced an expansion of its product offering to include digital retailing solutions for car dealerships. Powered by NETSOL’s subsidiary Otoz, the new platform enables automotive companies to provide consumers with a complete, end-to-end digital shopping experience.
In 2018, NETSOL Technologies, Inc. (NASDAQ: NTWK), a global business services and enterprise application solutions provider, has secured an agreement with a tier-one auto captive finance company to implement its NFS Ascent platform. The agreement is with a new customer who has a strong presence in China as well as the rest of the Asia-Pacific region.
The five-year contract is valued at approximately $30 million. NETSOL was chosen from a list of four potential vendors, all of which operate in the global auto and asset finance space. NETSOL, and its Ascent platform, was selected for its unmatched reputation in successfully executing projects of similar size and scope. The new customer also evaluated candidates based on the following criteria: technology stack, functional coverage, automation tools, digitization and platform strength. After an extensive due diligence process, NETSOL's Ascent was determined to be the most effective solution in terms of addressing the multi-layered regulatory, compliance and complex business processes in China.
NetSol Technologies Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying NetSol Technologies Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of NetSol Technologies Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified NSF Ascent, NFS Digital, NXT, LeasePak Cloud, LeaseSoft customers.
NetSol Technologies Inc. Overview
Ownership: - NASDAQ:NTWK
Number of Employees: 1300
Functional Markets: CRM, ERP Financial, ERP Services and Operations Management,
Key Verticals: Automotive, Banking and Financial Services, Manufacturing, Professional Services, Retail,
NetSol Technologies Inc. Key Enterprise and Cloud Applications
NSF Ascent, NFS Digital, NXT, LeasePak Cloud, LeaseSoft
NetSol Technologies Inc. Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
NetSol Technologies Inc. Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
NetSol Technologies Inc. Enterprise Applications Revenues By Functional Markets, $M:
NetSol Technologies Inc. Enterprise Applications Revenues By Verticals, $M:
NetSol Technologies Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
NetSol Technologies Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
NetSol Technologies Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified NetSol Technologies Inc. Customers
No. of NetSol Technologies Inc. Customers: 300
No. of NetSol Technologies Inc. Enterprise Applications Customers: 300
No. of NetSol Technologies Inc. Cloud Customers: x
No. of NetSol Technologies Inc. Cloud Subscribers: 25000
With over $200B+ assets managed globally, 300+ successful implementations and 25,000+ users globally, all while maintaining its 100% implementation success rate, NETSOL maintains its position as the leading solution provider to the North American finance and leasing industry. NETSOL has global offices in North America, Europe and across Asia Pacific.
In November 2019, NETSOL Technologies has successfully implemented its full suite NFS Ascent Retail Platform, including its Omni Point of Sale (Omni POS) and Contract Management System (CMS), as well as the Wholesale Finance System (WFS) of its Wholesale Platform, for a leading German auto captive finance company with operations in Malaysia.
This implementation in Malaysia is the latest in an ongoing series as part of a larger multi-country agreement, originally signed in December 2015, to provide an existing tier-one NETSOL client with an upgrade to the company’s Next-Gen platform, NFS Ascent. The contract includes implementations, licenses, maintenance, services and expected customization fees for the platform covering deployments in 12 countries, altogether representing the largest contract in NETSOL’s history. Malaysia marks the ninth deployment to “Go Live” following successful implementations in Japan, China, South Africa, Thailand, New Zealand, Australia, South Korea, and Hong Kong.
In November 2019, NETSOL Technologies has successfully implemented its flagship NFS Ascent Retail Platform, consisting of its Omni Point of Sale (Omni POS) and Contract Management System (CMS), for a leading German auto captive finance company with operations in Hong Kong.
This implementation in Hong Kong is the latest in an ongoing series as part of a larger multi-country contract, originally signed in December 2015, to provide an existing NETSOL customer with an upgrade to the company’s Next-Gen platform, NFS Ascent. The contract includes implementations, licenses, maintenance, services and expected customization fees for the platform covering deployments in 12 countries, altogether representing the largest contract in NETSOL company history. Hong Kong marks the eighth deployment to “Go Live” following successful implementations in Japan, China, South Africa, Thailand, New Zealand, Australia and South Korea.
NetSol customers include world-renowned auto manufacturers through their finance arms and large regional banks. NetSol is a strategic business partner for Daimler (which consists of a group of many companies in different countries), which accounts for 36.3% of their revenue. In 2018, NetSol made a $30m contract with the Asia-Pacisifc region customer. NetSol has a total of 200 customers and 10000 users. Some of their most recent customers are: Speed Leasing, Daimler and others.
NetSol Technologies Inc. Market Opportunities, M&A and Geo Expansions
In December 2020, NETSOL Technologies, a global business services and enterprise application solutions provider, appointed Co-Founder, President of Global Sales, and CEO of Otoz Naeem Ghauri, to serve as President of NETSOL Technologies. The newly created role is tasked with overseeing company operations both domestically and internationally with reporting duties directly to the Chairman and CEO. As President of NTI, Ghauri is responsible for P&L for all subsidiaries as well as developing a cohesive strategy to market the Company’s core business and new, innovative solutions.
NetSol Technologies, together with MotoLease launched LeasePak Cloud in February 2018. The product is an all-inclusive cloud-based leasing and lending solution. In conjunction with the launch, NetSol will host the application in the Microsoft Azure cloud environment. The scalable, secure and stable Azure environment enables LeasePak-CLOUD to deliver greater value to its partners, enabling them to use the technology in a highly flexible manner. This empowers them to generate more business faster while maintaining strong relationships with customers.
NetSol Technologies Inc. Risks and Challenges
NetSol Technologies has yet to improve its presence in other regions other than APAC. A great deal of the company's total revenue comes from only one customer, 36.3% from the contract with Daimler.
NetSol Technologies Inc. Ecosystem, Partners, Resellers and SI
In October 2021, NETSOL Technologies, a global business services and enterprise application solutions provider, announced an expansion of its strategic partnership with leading IT and business consulting services firm CGI in Europe. The agreement builds on the close collaboration between the two global IT service providers in the United Kingdom and the United States. The two companies have teamed up to offer NETSOL's premier, next-generation NFS Ascent platform to the global finance and leasing industry, supported by CGI's local business consulting, IT integration, and managed service solutions.
In November 2019, NETSOL Technologies made and secured a contract with SCI Lease Corp, a Canadian-based national automotive leasing company, for the deployment of its NFS Ascent Contract Management System (CMS) on the cloud. This contract represents NETSOL’s first official sale of NFS Ascent in the North American market and also the first Software-as-a-Service (SaaS) based agreement for Ascent in this region.
NetSol’s clients include Dow-Jones 30 Industrials and Fortune 500 manufacturers and financial institutions, global vehicle manufacturers, and enterprise technology providers, all of which are serviced by NetSol delivery locations around the globe.
Founded in 1997, NetSol is headquartered in Calabasas, California. While the Company follows a global strategy for sales and delivery of its portfolio of solutions and services, it continues to maintain regional offices in the following locations: North America, Europe and Asia Pacific. The Company continues to maintain services, solutions and/or sales-specific offices in the USA, England, Pakistan, Thailand, China, Indonesia and Australia.
NetSol Technologies Inc. Cloud Infrastructure Insights
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