NetSol's Leasepak Product Provides Productivity Gains for Yamaha Motor Corporation

Calabasas, CA: NetSol Technologies, Inc. (NASDAQ:NTWK), a US-based, multinational provider of enterprise software and services for commercial finance, has announced that Yamaha Motor's decision to upgrade to the current version of their core equipment finance portfolio management LeasePak, provided by McCue Systems/NetSol Technologies US, has resulted in significantly improved document processing and reporting for the organization.
Yamaha, a long-time McCue Systems/NetSol Technologies US customer, made the decision to upgrade their core portfolio management system to the most current version, LeasePak 5.3, for its US equipment leasing operations. Yamaha Motor's Commercial Customer Finance supports leasing to customers in all 50 states throughout the US.
"Since upgrading to LeasePak 5.3, we have been able to manage our equipment leasing portfolio even more effectively, as well as deliver even better customer service," said Kim Francis, Yamaha Assistant Department Manager for Accounting-Leasing and Treasury. "We appreciate the improvements to the product that McCue Systems/NetSol Technologies US has consistently delivered throughout our relationship with them," added Francis.
"We are delighted that our recently-added US product team is doing an excellent job in achieving its core mission for Yamaha, which is to enhance the productivity of its leasing operations," commented NetSol Technologies CEO Najeeb Ghauri. "As a core technology provider to Yamaha Motor Corporation US, we can now deliver even greater value to the parent corporation as we grow the NetSol Technologies footprint within their finance organization."
Mike Miller, Vice President of Client Consulting Services for McCue Systems/NetSol Technologies US, added, "Yamaha Motor's Commercial Customer Finance is a truly professional team that makes our job as their customer support resource a mutually rewarding experience."
McCue Systems/NetSol Technologies US has been providing portfolio management solutions to the US equipment and vehicle industry for over 30 years. Its core solution, LeasePak, the company's core portfolio management solution, is in use at leading banks, manufacturers, and independent leasing companies throughout the US as well as in Canada and Australia.
About NetSol Technologies, Inc.
NetSol Technologies is a US-based multinational provider of enterprise solutions and services for commercial finance. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific, including: London, Los Angeles, San Francisco, Sydney, Beijing, Toronto, and Lahore, Pakistan.
The NetSol family of products includes: the LeaseSoft Contract Management System, LeaseSoft Credit Application Processing, LeaseSoft Wholesale Finance System, LeaseSoft Premium Finance System, LeaseSoft EPO system, and the LeasePak system. NetSol clients include: Motorola, CitiGroup, BMW, Toyota, Yamaha, Quest Communications, and Investec. NetSol's largest customer: DaimlerChrysler Services, a division of DaimlerChrysler, the world's fifth-largest carmaker, ranks NetSol as a preferred vendor in 40-plus countries.
NetSol Technologies helps its clients identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol Technologies delivers high-quality, cost-effective equipment finance portfolio management solutions and IT services ranging from consulting and application development to systems integration and outsourcing. NetSol Technologies' commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMl (Capability Maturity Model) Level 5 assessment. For more information, visit NetSol Technologies' web site at




Editor: Akhtar M. Faruqui
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