ghuari najeeb
Acceptance Corporation Finance Leasing (TAC Leasing) and Yulon Auto Finance Company (Yulon) have both chosen to implement NetSol Technologies’ NetSol Financial Suite.

TAC Leasing is a company approved by the China Ministry of Commerce, and Yulon is approved by the China Banking Regulatory Commission. Both companies are affiliated with the Taiwan Acceptance Corporation, and Yulon is the first auto finance company in China to receive investment from the Taiwan Group.

TAC Leasing will implement the NetSol Financial Suite Credit Application Processing System (CAP) and Contract Management System (CMS) for retail business operations. Yulon will implement CAP, CMS and the Wholesale Finance System (WFS) as its core business solution.

The agreements have a combined value of approximately $3.0 million, which include business process consulting, customization and on-site implementation services, and are expected to be completed within the next six months."We are proud to have been selected by TAC Leasing and Yulon to help further their growth objectives in China," said Najeeb Ghauri, CEO of NetSol. "These new contracts further our market leadership position in the asset finance and leasing sector in China, and represent the trust in our people, process and systems to manage vital business functions.

“With new companies entering the market and the encouragement of financing and leasing by the Chinese government, we remain highly confident about our prospects moving forward."

Earlier this year NetSol was awarded First Rate and Best Selling Finance and Leasing Solution Provider at the annual China Leasing Summit for the third consecutive year.