NETSOL Technologies Announces Major Updates on Otoz Platform and Recent Traction with Key Automotive Clients

• Unveiled Otoz 2.0: The Next Generation of Digital Retail and Mobility
• Doubled MINI Dealer enrollments on the MINI Anywhere program in 12 months, enabling 5x increase in lead volume and vehicle sales
• Chosen by AutoNation, one of the largest auto retailers in the US, to power the back-end of their newly launched AutoNation Mobility Micro-lease marketplace, which is now live
  

ENCINO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies (Nasdaq: NTWK), a global leader in SaaS solutions and IT services, today announced major updates on its digital retail and mobility technology platform, Otoz, and the latest traction achieved with two key automotive clients, MINI USA and AutoNation.

Otoz 2.0: The Future of Digital Retail and Mobility Orchestration

NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform. The white-label solution is tailored to leading automotive industry stakeholders including OEMs, dealerships, finance providers, and startups. Designed for deep integration within distinct internal ecosystems, Otoz facilitates unmatched e-commerce experiences that are fully aligned with clients’ unique brand requirements. With cutting-edge technology, user-centric design, and data-driven strategies, Otoz is redefining customer engagement in the automotive realm.

The ambition to deliver a seamless, end-to-end purchasing journey and manage asset and contract lifecycles particularly for mobility business models—from real-time pricing and meticulous tax computations to digital e-contracting—presented various challenges. This required navigation of complex state-by-state regulations and keen attention to data security, privacy, and inventory amidst unprecedented supplier challenges.

Otoz elegantly addresses various complexities, establishing key integrations with crucial third-party services, ranging from inventory and CRM systems to identity safeguards, fraud monitoring, comprehensive lender APIs, tax services, F&I product aggregators, and payment gateways. With the end customer in focus, Otoz's synergy with these third parties and its strategic placement of deal checkpoints expedite vehicle and deal verifications for dealers. This ensures a secure and profitable digital sales channel that transcends traditional lead generation.