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Motorcycle Group Adopts NetSol’s Cloud-Based Lease and Loan Software

NetSol Technologies Inc., the maker of vehicle and equipment leasing software in Calabasas, plans to deploy its cloud-based NFS Ascent platform across the operations of Motorcycle Group, the Calabasas company announced Tuesday.Motorcycle Group runs two websites, MotoLease and MotoLoan, that offer leases and loans to qualified applicants so that motorcycle and powersports dealers can maximize their sales with quick financing. Motorcycle Group will use NetSol programs to support retail lending and leasing.“The Ascent platform is offered via flexible, subscription-based pricing and rapid deployments, which will ensure the solution is up and running for Motorcycle Group in minimal time,” Executive Vice President for NetSol Technologies Americas Peter Minshall said in a statement. “This agreement validates Ascent’s capabilities across the entire leasing and loan contract lifecycle. At the same time, by leveraging the deployment of Ascent on the cloud, Motorcycle Group will be enabled to run their retail operations seamlessly, and with the operational and pricing flexibility to scale on demand.”MotoLease has been a NetSol customer since 2015.Shares of NetSol (NTWK) closed Wednesday down 9 cents, or 2 percent, to $4.22 on the Nasdaq, a market that closed down nearly 1 percent.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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