NETSOL Technologies, a global business services and enterprise application solutions provider, has successfully gone live with its NFS Ascent Retail Platform for a major American auto captive in China. This deployment covers the complete Ascent Retail Platform, including its Omni-Point of Sale (Omni-POS) and Contract Management System (CMS).

This multi-million-dollar contract marks the second successful implementation of NETSOL’s next-gen, flagship product in China specifically. The company’s first China implementation occurred in March of this year as part of its previously announced $110 million, 12-country contract with a leading German auto captive.

“NETSOL is continuing to show that we’re equipped and able to implement increasingly complex projects for international, blue-chip enterprises,” said NETSOL Co-Founder, Chairman and Chief Executive Officer Najeeb Ghauri.

“Moreover, our deployment time frames are becoming even more reduced, validating our product readiness and demonstrating the added efficiencies we can realize from previous successful implementations. Going forward, we’ll be looking to build on our leading position in the Chinese auto finance and leasing industry and leverage these proof points to win more business in the region with existing and new customers.”

Naeem Ghauri, Co-Founder, President Global Sales, Chief Executive Officer Innovation and OTOZ, added: “Our platform is receiving an overwhelmingly positive response globally, from major auto captives to small and medium-sized finance and leasing companies. This strong endorsement is a testament to the work of our collective teams, who have worked tirelessly to create a platform capable of seamlessly adapting to any client’s current business. With a growing list of references and successful implementations, we are further separating ourselves from the competition. Businesses of all sizes are choosing NFS Ascent to not only improve their processes but also to enable growth and future-proof their operations for the long-term.”