Haydock Finance Goes Live with Flex - NETSOL’s Cloud-Based Calculation Engine
April 03 2023 - 8:30AM
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global
business services and enterprise application solutions provider,
has announced that Haydock Finance has signed up for and gone live
with Flex - NETSOL’s API-first and cloud-based calculation engine.
The sign-up and go-live covers the deployment of Flex for the
business finance provider in the United Kingdom.
“Flex was launched as the first product of ‘Appex Now’, which is
essentially the first marketplace developed specifically for the
global credit, finance and leasing industry by NETSOL,” said Najeeb
Ghauri, Founder and CEO of NETSOL Technologies, Inc. “While more
products are to be launched as part of the marketplace, it gives me
great pleasure that Haydock Finance has signed-up and gone live
with our calculation engine in the United Kingdom for
out-of-the-box integration into their ecosystem.”
“We were approached by Haydock Finance Head of Vendor, Mike
Boyes, who wanted to support his vendors by offering an online
quotation tool that would provide fast, accurate payments and
rates. Haydock has started using a custom micro front-end,
integrated with our powerful, pure-play calculation engine
Flex, embedded in an iframe on their website to which their Vendors
already have access,” he further stated. “Now, vendors can
independently and accurately calculate quotations and rates
including APR, yield, and flat rates. This will substantially save
time for the vendors, increase efficiency, reduce application
submission time as well as decrease engagement of the client’s
sales team in the quotation process.”
“NETSOL is a highly regarded IT provider in the United Kingdom
and globally,” said Mike Boyes. “By opting for Flex, our Vendor
customers can assess quotations quickly whilst customer facing and
via desktop or mobile. This software also meant less reliance on
our customers having to call the team to provide quotations over
the phone. We were really impressed with the simple onboarding
process and implementation was super quick as we had Flex
integrated into our website within a couple of days. Furthermore,
we found out calculations done via Flex to be 100% accurate
matching to our business requirements, enabling quick
out-of-the-box integration and without having to change
anything.”
About NETSOL TechnologiesNETSOL Technologies,
Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise
software solutions primarily serving the global leasing and finance
industry. The Company’s suite of applications is backed by 40 years
of domain expertise and supported by a committed team of more than
1750 professionals placed in strategically located support and
delivery centers throughout the world. NETSOL’s solutions help
companies transform their Finance and Leasing operations, providing
a fully automated asset-based finance solution covering the
complete leasing and finance lifecycle.
About Haydock Finance Haydock Finance is an SME
finance specialist who has been supporting UK SME growth for over
40 years. With a lending book size in excess of £600 million, they
work closely with a nationwide portfolio of introducers to provide
a high level of expertise and dedicated support for a variety of
funding solutions.
Forward-Looking StatementsThis press release
may contain forward-looking statements relating to the development
of the Company's products and services and future operation
results, including statements regarding the Company that are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. The words
“expects,” “anticipates,” variations of such words, and similar
expressions, identify forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, but their
absence does not mean that the statement is not forward-looking.
These statements are not guarantees of future performance and are
subject to certain risks, uncertainties, and assumptions that are
difficult to predict. Factors that could affect the Company's
actual results include the progress and costs of the development of
products and services and the timing of the market acceptance. The
subject Companies expressly disclaim any obligation or undertaking
to update or revise any forward-looking statement contained herein
to reflect any change in the company's expectations with regard
thereto or any change in events, conditions or circumstances upon
which any statement is based.
Investor Relations Contact:
IMS Investor Relationsnetsol@imsinvestorrelations.com+1
203-972-9200
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