NETSOL

NETSOL Technologies Selected by Speed Leasing to Implement LeasePak Cloud and mAccount Platform

• Another Leading Power Sports Finance Provider Has Selected NETSOL’s SaaS Offering to Maximize Their Business Growth
• NETSOL’s LeasePak Cloud Will Underpin the Aggressive Growth Plans and Unique Product Placement of Speed Leasing
• NETSOL’s mAccount Will Enable a True Digital Touchpoint with End Consumers

NETSOL Technologies, a global business services and enterprise application solutions provider, is pleased to announce that Speed Leasing has selected NETSOL’s LeasePak Cloud™ SaaS platform to support its rapidly growing sales and the next generation of innovative power sports finance. Additionally, NETSOL’s mAccount, powered by the NFS Digital™ suite, will be deployed to enable customer self-service, payments and other self-service functions.

“We’ve forged a strong position in the power sports finance segment, and our business is growing rapidly,” said Hasham Malik, CEO of Speed Leasing.

“Over the past several months, robust consumer and dealer demand for our lease finance product began taxing our technical ability to deliver it efficiently. We needed to work smarter and upgrade our technology. We are pleased to find a partner like NETSOL who has a proven strength in power sports finance, and we believe will be able to help accelerate our aggressive product expansion plans. LeasePak Cloud has more features than we thought possible to have in a single portfolio management solution.”

LeasePak Cloud, with its open architecture and industry-leading features, continues to win new business with its capability to support extremely flexible leasing and lending finance products. A Quick-Start implementation program combined with hassle-free Microsoft Azure™ cloud connectivity ensures new clients see a time-to-value faster than ever before. LeasePak Cloud boasts clients across the Power Sports, Specialty Finance, Automotive Captive, and Commercial Banking industry verticals and continues to add new capabilities at a rapid pace, while also ensuring ongoing support for industry-mandated capabilities such as the ASC 842 Lease Accounting Standards required for January 1, 2019.

“Each power sport asset represents an individual’s dream and the promise of adventure yet to come. We have so much experience and specialized capabilities to support Speed Leasing in the Power Sports Finance industry, and we’re delighted to have been selected for the quality of our products and the expertise of our team,” added Jeffrey Bilbrey, President of NETSOL Technologies Americas.

“Every client is unique in how they execute their business, and that is why we’re so focused on ensuring we have a flexible SaaS solution available to meet their needs.”

LeasePak Cloud with the integrated mAccount seamlessly enables customer self-service on popular mobile platforms or any web device. Empirical evidence from current customers has shown this powerful combination of back-office capability and consumer touch will drive down payment days and reduce delinquencies, while also creating more engaged and satisfied end customers who can service themselves, further driving a quick ROI on the NETSOL solution.