March 14, 2019 (MLN): Netsol Technologies has announced the successful implementation of its next-generation NFS Ascent platform (Retail and Wholesale) in China for a leading German auto captive, via a notification issued to PSX on Thursday.
This implementation, part of the largest contract in company's history, includes the upgrading of major existing legacy product customer to company's next-gen platform, NFS Ascent.
The contract, originally signed in December 2015, includes implementations, licenses, maintenance, services and expected customization fees for the platform covering deployments in twelve countries.
China marks the sixth deployment to “Go Live” following successful implementations of different modules in South Africa, Thailand, New Zealand, Australia and South Korea. This implementation in China, is the largest component of the overall contract and the single biggest implementation to-date for NETSOL and its NFS Ascent Next-Gen product.
Included in the scope of work was a full-suite implementation of NETSOL's retail and wholesale finance platform, including Point of Sale (POS), Credit Application Processing (CAP), Contract Management System (CMS), Wholesale Finance System (WFS) and Dealer Access System (DAS) along with a comprehensive migration of the client's existing data over to the new platform
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