Aldermore Asset Finance goes live with NetSol LeaseSoft V8


Aldermore Asset Finance has announced that a major project to implement NetSol Technologies’ LeaseSoft V8 system has been completed successfully and will provide the technology backbone for the lender’s plans for future growth.

The project saw Aldermore use NetSol’s LeaseSoft V8 to migrate its live agreement portfolio, providing seamless capability to manage all back office requirements with improved efficiency, productivity and control.

“Aldermore and NetSol teams have worked tirelessly to deliver this critical project in an especially short timeframe and with minimal business disruption,” said Carl D’Ammassa, group managing director – business finance of Aldermore Bank (pictured above).

“Investment of this kind is critical to help enhance our service to customers and broker partners and further underpins our ambitions for our asset finance business, which recorded nearly £900 million in new business originations in 2015 and has lent more than £3 billion since setting out on our journey,” D’Ammassa explained.

“This successful project delivery provides further endorsement of NetSol’s software and professional services capabilities and builds upon our efforts in the UK and throughout Europe,” said Naeem Ghauri, president and global head of sales at NetSol. “Our solutions – whether NFS TM, LeasePak TM, LeaseSoft or NFS Ascent TM – help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the complete leasing and finance lifecycle.”