NetSol (NTWK) Enters New NFS Solution Agreement with Chongqing Auto Finance
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NetSol Technologies, Inc. (Nasdaq: NTWK), has signed an agreement to license and implement the NetSol Financial Suite (NFS)™ solution with China's first state owned auto finance company, Chongqing Auto Finance Co., Ltd. (CQAFC). This new contract further advances NetSol's position as the premier provider of finance and leasing solutions to automotive financing companies in China.
The scope of the agreement includes the license, implementation and maintenance of NetSol Finance Suite (NFS) Credit Application Processing System (CAPS), Contract Management System (CMS) and Wholesale Finance system (WFS). The company expects to begin recognizing revenue from this new contract before the close of the current fiscal year, which ends June 30, 2012.
The scope of the agreement includes the license, implementation and maintenance of NetSol Finance Suite (NFS) Credit Application Processing System (CAPS), Contract Management System (CMS) and Wholesale Finance system (WFS). The company expects to begin recognizing revenue from this new contract before the close of the current fiscal year, which ends June 30, 2012.
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