Leading Chinese Financial Leasing Company Implements NetSol Technologies, Inc. (NTWK) NFS Solution
NetSol Technologies, Inc., worldwide provider of global IT and enterprise application solutions, announced the successful implementation of its Financial Suite of financial leasing products by Minsheng Financial Leasing Co., Ltd., a leading financial leasing company in China. The implementation includes Netsol's CAP (Credit Application System) and CMS (Contract Management System) solutions. According to Minsheng Financial Leasing, the system's installment, launched in July 2009, has helped normalize and standardize business processes, increase participation in the financing sphere, and tremendously improve operational efficiency. China's rapidly developing financial leasing industry, which grew at a rate of 138.7% in 2009, is playing an important…