NetSol Technologies (News - Alert), a provider of global IT and enterprise application solutions, announced that Mercedes-Benz Leasing Company Ltd. (China) went live with the NetSol Financial Suite (NFS(TM)).

NFS allows users to get the most out of the industry, resulting in considerable cost reductions. The Core Contract Management System offers the basic functionality required by asset finance companies. There are additional, cost-effective applications that can be added to the system that increase the variety of products on offer and provide an interface with external systems.

Starting from credit/loan origination to credit evaluation, and onward to contract management, NFS is the end-to-end software solution which gives complete control of the credit portfolio.

The implementation helps NetSol's relationship with Mercedes-Benz Financial Services in the Asia Pacific region. NetSol Financial Suite is the solution for the asset finance and leasing industry. NetSol Financial Suite's Credit Application Processing System is a powerful, seamless and efficient Web-based business origination and application processing tool.

The German luxury vehicle brand received Ministry of Commence People's Republic of China (MOFCOM) approval to establish Mercedes-Benz Leasing Co. Ltd., under its financial arm, to offer leasing as part of its various automotive financial services.

"NetSol Financial Suite is one of the most successful lending technology platforms in the industry, supporting asset finance and leasing companies across the Asia Pacific, American and European markets and managing over $100 billion dollars of client portfolios," stated Naeem Ghauri, NetSol's president and head of global sales.

"I am extremely proud of my team and highly appreciate their efforts in delivering success every time,” Ghauri continued. “What truly excites me is that with this implementation, we have achieved another first in China. I wish our -Benz partners all the very best for the future." 

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