NETSOL's Appex Now Gains Further Traction in the UK Market with Haydock Finance Deal

NETSOL Technologies, Inc. (Nasdaq: NTWK), a prominent global provider of business services and enterprise application solutions, has announced the extension of its collaboration with Haydock Finance, a leading asset finance specialist based in the United Kingdom. The latest development involves Haydock Finance subscribing to two more products from NETSOL's Appex Now marketplace – Dock and Lane.

In a press release, NTWK highlighted that Dock, a centralized document generation tool, offers template-based configuration and a user-friendly syntax, enabling users to create precise documents in a matter of seconds. On the other hand, Lane provides an end-to-end order management system designed for asset leasing/loans and credit companies, delivering a feature-rich experience.

This follows Haydock Finance's earlier adoption of Flex in April 2023, an API-based instant calculation engine that covers various aspects such as pricing, financial modifications, repayment plan recreation, termination, and amortizations/re-amortizations. Flex marked the inaugural product launch under NETSOL's Appex Now marketplace, the industry's first marketplace specifically designed for API-first products catering to the global credit, finance, and leasing sector.

Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc., expressed his satisfaction, stating, "We are very pleased to further enhance our partnership with Haydock Finance in the UK." Ghauri emphasized the success of their API-first products, particularly Flex, and the quick adoption of Dock and Lane by Haydock Finance.

Ghauri highlighted the impact of their API-first strategy, emphasizing the efficiency and seamless integration that enables customers to onboard swiftly. He added, "Our emphasis on seamless integration and user-friendly interfaces confirms our position as industry leaders in offering quick and simple solutions."

The integration of Appex Now products allows vendors and sales teams to expedite calculations, generate quotes, and share them on-the-go, ultimately saving time and enhancing convenience. The streamlined process also ensures accuracy and consistency, avoiding duplication in the underwriting process.

Mike Boyes, Head of Vendor at Haydock Finance, commended NETSOL Technologies, expressing satisfaction with the accuracy and efficiency of Flex in meeting operational requirements. Boyes detailed the benefits of Dock, providing the freedom to set up various templates for goods and create error-free quotation documents with just one click. Additionally, he praised Lane for resolving order creation and management issues, foreseeing smoother business operations.

Boyes emphasized the impressive speed and ease of onboarding NETSOL's API-first products, stating, "We are really impressed with how quickly and easily NETSOL's API-first products can be signed up for and on-boarded."