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NetSol Technologies announced today that the China subsidiary of an international construction equipment leasing company implemented the NetSol Financial Suite (NFS™) Contract Management System (CMS) application. The implementation, including customization, was valued at approximately $1 million and was completed in less than 90 days.

"The quick implementation of the application demonstrates our commitment to help clients achieve their business objectives, and hit the ground running with a solution catered to China's legal, regulatory and business requirements," said Najeeb Ghauri, CEO of NetSol.

"This new win is another important reference point as we execute our global growth strategy, including in the Asia-Pacific region, and is representative of our ability to expand within additional industry verticals."

NFS-CMS provides comprehensive business functionality that enables users to manage and maintain a contract throughout its entire life cycle, interfacing with company banks and accounting systems. CMS maintains details of all business partners, including but not limited to, customers, dealers, debtors, guarantors, insurance companies and banks.