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Thursday, Sep 28, 2023

NetSol Inks Leasing Deal with Yamaha

Software developer adds Canada to existing program.

NetSol Technologies Inc. has signed a contract to provide further implementation of its LeasePak product to Yamaha Motor Finance Canada. 

The Calabasas software developer of vehicle and equipment financing and leasing markets said in a release about the May agreement that LeasePak and its other products help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the leasing and finance lifecycle.

Peter Minshall, executive vice president of NetSol Technologies Americas, said Yamaha Motor Finance is a long-standing client of the company in the U.S. and through its Canadian affiliate is looking to expand its regional commercial finance footprint.

“Due to the client’s pre-existing relationship with NetSol and first-hand experience with our LeasePak product, it was natural for them to use the same product for their leasing and lending operations in Canada,” Minshall said in a statement. 

Najeeb Ghauri

Najeeb Ghauri, founder and chief executive of NetSol, said it was rewarding when existing clients continued to place their trust in the company when expanding operations in different countries or regions.

“Yamaha is a blue chip company and is world-renowned,” Ghauri said in a statement. “By signing an agreement with NetSol to deploy our LeasePak platform in Canada, the client will be enabled with a superior, end-to-end portfolio management solution to ensure their operations are executed seamlessly and cost-effectively.”

NetSol, which was founded more than 40 years ago, also has operations in Europe and Asia, and maintains “delivery centers” in the U.S., U.K., China, Australia, Indonesia, Thailand, and Pakistan.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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