Venture Finance has implemented NetSol Technologies’ LeaseSoft
Suite to manage its new block discounting portfolio.
Venture required a flexible system to manage its recently
launched block discounting division – principally in the areas of
credit application processing, contract management, receivables
management, accounting and management reporting, said Richard
Miller,Venture Finance’s project manager.
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The deal with Venture Finance follows a string of similar
successes for NetSol Technologies that have served to turn around
the fortunes of the company.
Net income for the nine months ended March 31 2008 totalled
$5.1m compared with a loss of $6.1m in the same period the previous
year. In the past three months alone, it made a net income of $2.4m
compared to a loss of $229,131 in the year to March 31,
2007.
Najeeb Ghauri, chairman and chief executive officer, said the
results “provide an excellent start to the second half of fiscal
2008 which”, he added, “is historically the
company’s stronger half of fiscal 2008”.
He stressed: “With double-digit year-on-year growth in services,
licenses and maintenance fees translating into a significant rise
in profitability, we remain on track to achieve our full year top
and bottom line financial objectives.”
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By GlobalDataOver the past quarter, NetSol Technologies has launched its new
LeasePak product for vehicle finance product managers and Nissan
Automotive Finance China has implemented its products.
