Provident Inventory Finance rolls out McCue portfolio management platform

Source: NetSol Technologies

NetSol Technologies, Inc. (NASDAQ:NTWK), a U.S.-based, multinational provider of enterprise software and services for equipment financing, today announced that its wholly owned Burlingame, Calif.-based subsidiary, McCue Systems, has successfully designed and deployed a fully customized portfolio management solution at Sydney, Australia-based Provident Inventory Finance.

Provident Inventory Finance provides tailored funding options through brokers, or introducers, enabling them to offer this innovative form of cash flow finance, not offered by traditional lenders, that does not require real estate security or stock presales.

"We are very gratified to see our introducer network growing rapidly," commented Provident Inventory Finance Managing Director Matthew Nolan. "We asked McCue Systems to provide a business origination tool that would inter-operate seamlessly with our customer-facing website. They delivered an effective solution that meets our needs and, most importantly, the needs of our introducers."

Nolan added, "McCue further demonstrated its commitment to our success by minimizing our start-up costs and aligning our ongoing outlays with the growth of the business and our increased usage of the system."

NetSol's McCue Systems development team, working in concert with integration and ASP partner LeaseDimensions, developed and deployed a web-based originations tool designed to streamline deal acquisition and funding decisions for the organization's introducer network throughout Australia.

"The success of the Provident Inventory Finance solution is an excellent example of the ability of NetSol Technologies to leverage its asset finance expertise to deliver customized solutions globally," stated NetSol Technologies Chairman Najeeb Ghauri. "We look forward to supporting the continued success of Provident Inventory Finance."

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