NetSol Technologies, Inc. (NTWK), a provider of solutions for the asset finance and leasing industry, on Thursday announced the signing of a contract with a Chinese leasing firm, marking its entry into the Indonesian market. The financial aspects of the deal are not revealed.
Shares of NetSol are increasing in the pre-market trading.
The contract is for using NetSol's Transcend Finance, including its Omni POS and Contract Management System. The new implementation will allow a full redesign without old system limitations.
The solution is customized for Indonesia's regulations and operations, with no need for data migration.
Omni POS is a flexible and user-friendly tool that helps assess credit applicants quickly and customize business rules, approval levels, and reports.
In the pre-market trading, NetSol is 8.90% higher at $2.57 on the Nasdaq.
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