-- NFS Ascent Provides a Full Web-Enabled, Service-Orientated Architecture and Foundation Level Business Process Manager that Enables Rapid Business Process Re-Engineering with Optimal Performance Delivery to Run Multi-Billion Dollar Leasing Portfolios --
-- Framework Allows For Streamlined Third Party Integration through Web Services and Mobile Deployment Integration --
NFS Ascent's architecture and user interfaces were designed based on the company's collective experience with global Fortune 500 companies over the past 30 years. The platform's framework allows auto captive and asset finance companies to rapidly transform legacy dependent information technology into a state-of-the-art IT and business process environment.
At the core of the Ascent platform is a lease accounting and contract processing engine, which allows for an array of interest calculation methods, as well as robust accounting of multi-billion dollar lease portfolios under various types of generally accepted accounting principles (GAAP), as well international financial reporting standards (IFRS).
NFS Ascent, with its distributed and clustered deployment across parallel application and high volume data servers, enables finance companies to process voluminous data in a hyper speed environment.
"Reflecting NetSol's unique domain expertise in the finance and leasing industry, NFS Ascent was designed from the ground up, based on state-of-the-art technology and our mandate to provide customers with an even more powerful tool to help them manage their multi-billion dollar lease portfolios," said
Designed to improve productivity, performance and responsiveness, NetSol's NFS Ascent platform will further enhance customers' entire finance and leasing operations through powerful features, including a:
• More efficient point-of-sale and loan origination system that significantly reduces turnaround time for credit application processing and improves user/organizational productivity;• New workflow engine and business rules engine (BRE); • Contract lifecycle management system that uses the all-new business process manager (BPM), which is directly configurable by the end user to map specific business needs;• Strong calculation engine that allows for real-time changes to data;• Robust dealer finance system with complete dealer and auditor access, as well as additional functionality for a more effective floor plan;• Highly configurable and user-friendly financial campaign management feature to create and manage financial products according to market demands and expectations; and,• Framework which allows for streamlined third party integration and mobile deployment;