icenet upgrades
efficiency

Lease technology supplier icenet has
recently released a system upgrade.

The Nostrum Group subsidiary said that
improvements to its software include rules-based debit/credit card
processing, an automated bank reconciliation function and
integration with external print and mail providers.

According to icenet’s CEO Alex Stephen,
the upgraded version is already in use at some of icenet’s
high-volume lenders and “has resulted in significant
improvements”.

The company plans to introduce further
functionality to increase lenders’ operational efficiency and
provide business performance knowledge.

NetSol Technologies reduces loss
from previous quarter

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By GlobalData

NetSol Technologies posted a $264,000
(€177,593) loss for the fiscal quarter that ended on September 30,
2009 – reducing by 71 percent the loss compared with the previous
quarter.

NetSol’s CEO Najeeb Ghauri said:
“Higher sales compared to the prior quarter, combined with
significant improvements in our fiscal first quarter 2010 gross
margin and operating margin, contributed to another significant
reduction in GAAP net loss.”

The company reported revenues of $7.6
million, which represents an 11 percent increase compared to the
prior quarter.

Co-op selects Jaama

The Co-operative Group has selected
Jaama’s online fleet management system Key2 to manage over 3,000
vehicles nationwide, and plans to roll it out for the rest of its
vehicles over the next 12 months.

The company currently has over 6,000
cars, vans and heavier vehicles operating in five business
divisions – food, health care, travel, cash-in-transit and funeral
care.

The Co-operative Group transport
manager Ronnie Hutton said that the choice of Key2 derived from the
need for an online system which can provide multi-user access
nationally, as well as new functionality.

Independent feedback from some of
Jaama’s existing fleet customers contributed to the selection of
the system, Hutton said.