NetSol Technologies Signs Contract to Implement Point of Sale System with Customer in Thailand

NetSol Technologies, Inc. NTWK, a worldwide provider of global IT and enterprise application solutions, today announced that it has signed an agreement to implement the NetSol Financial Suite ^ TM Point-of-Sale (POS) module with a leading European auto captive finance company based in Thailand. The implementation includes integration into the client's NetSol Financial Suite Contract Management System, enabling its dealers across the country to streamline their finance proposal processes and manage and maintain contracts throughout their lifecycle. The NetSol Financial Suite POS module is a front-office processing system that provides a quotation system for various financial products using a built-in loan calculator.  The module gathers required information from the customer in order to create finance or leasing contracts, and manages all of the documents required in producing the contract. The system incorporates a workflow engine that ensures the smooth transition of tasks and streamlining of processes for all types of financial institutions. The customer's name and total value of the agreement were not disclosed for competitive reasons, although NetSol said the contract includes product licenses, business processes consultancy and on-site implementation services. Additional revenue streams include maintenance, support and product enhancements.