NETSOL Technologies has announced the launch of its new Transcend Platform, an AI-powered digital retail and asset finance solution designed for a wide range of industries, including automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, and financial institutions. The platform integrates advanced technologies to address the complex needs of modern businesses, providing a seamless and intelligent experience for both customers and businesses alike.
The Transcend Platform showcases NETSOL’s dedication to harnessing Artificial Intelligence (AI) to offer a comprehensive suite of products under one roof. “As we have transitioned into the next era of technology with AI at the forefront, NETSOL needed to redefine our product suite to meet the evolving demands of our clients better,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc. He emphasized that the platform marks a significant step forward for the company, aligning with its vision for a more interconnected and user-friendly technology solution for the global financial services sector.
A Unified Platform for Auto and Asset Finance
The Transcend Platform represents NETSOL’s transformation and its integration of AI technologies specifically tailored for asset finance companies and original equipment manufacturers (OEMs). It is designed to provide solutions for a wide range of use cases, from asset and auto finance to equipment leasing and digital retail.
One of the standout features of the Transcend Platform is its ability to facilitate complex purchasing journeys in sectors like automotive and equipment finance. The platform integrates digital retail solutions that simplify these processes, offering a more streamlined and efficient customer experience.
Real-World Success: MINI USA Case Study
The Transcend Platform has already been successfully implemented by major clients like MINI USA, a subsidiary of BMW. MINI has experienced a 23% increase in conversion rates from leads to sales over a period of three years. Mike Peyton, Chief Motorer and Vice-President of MINI of the Americas, explained the importance of creating a complete end-to-end purchasing and finance journey for their customers. “It was important to create something more than a lead generator, to facilitate the complete transaction for any MINI customer, any place, any time,” Peyton said.
“Our partnership with NETSOL has enabled us not only to catch up with industry leaders but also to set new benchmarks in digital auto-retail, which the usual suspects in the industry could not provide,” Peyton added, highlighting how NETSOL’s platform has helped MINI set a new standard in the industry.
Key Features of the Transcend Platform
- Transcend Retail:
A fully digital, omnichannel solution designed for auto and equipment retail. It supports the entire customer lifecycle, from purchasing, financing, and originations to servicing, end-of-term, and remarketing. Transcend Retail allows OEMs and dealerships to stay ahead of consumer expectations with advanced retail, mobility, and self-service solutions. - Transcend Finance:
This module streamlines finance and leasing operations, offering a comprehensive solution for originations, servicing, and wholesale finance. Transcend Finance provides end-to-end visibility and control, ensuring seamless workflows and accelerated business outcomes for finance and leasing companies, as well as financial institutions. - Transcend Marketplace:
A modular, API-first platform that addresses various aspects of finance and leasing. It provides tools for loan originations, document generation, lending configurations, and calculations, offering flexibility through component-based solutions that integrate seamlessly with existing systems. - Transcend Consultancy:
NETSOL’s consultancy services empower businesses with expert guidance in critical areas like information security, data engineering, and cloud services. This team works closely with clients to create tailored solutions that drive innovation, efficiency, and growth. - Transcend AI Labs:
Dedicated to AI-driven innovation, Transcend AI Labs integrates cutting-edge AI services into the product suite. It addresses the unique challenges faced by industries such as BFSI (banking, financial services, and insurance), equipment manufacturers, and auto dealerships, helping businesses stay competitive in an increasingly tech-driven marketplace.
Revolutionizing Digital Retail and Asset Finance
Naeem Ghauri, Co-Founder and President of NETSOL, underscored the company’s vision to transform the industry with the Transcend Platform. “Transcend combines years of expertise in digital retail, asset finance, and advanced technologies such as AI to deliver a groundbreaking platform that revolutionizes the customer acquisition journey and elevates the customer experience,” he said.
He further added that NETSOL is on an “exciting path to completely transform the industry” and aims to take a quantum leap ahead of its competitors with this new offering. The platform not only addresses the current needs of businesses but also positions them for future success by integrating advanced technology that drives growth and efficiency.
A Vision for the Future
The Transcend Platform is part of NETSOL’s larger strategy to lead the digital transformation of the asset finance and automotive industries. With its AI-driven solutions, the platform enables companies to deliver enhanced services, streamline operations, and provide a superior customer experience. As the industry continues to evolve, NETSOL’s innovative approach promises to set new benchmarks in how businesses engage with technology.
The launch of Transcend reflects NETSOL’s ongoing commitment to pushing the boundaries of what is possible in the digital retail and asset finance space, solidifying its position as a leader in the industry.
