Netsol technologies introduces subscription pricing option for global markets

Netsol technologies, inc. announced an update to its existing pricing model, effective immediately. on a go-forward basis, all global contracts will now provide netsol customers with the option for subscription-based pricing as an alternative to the traditional license model. this software-as-a-service (saas) pricing option is available for all cloud-based netsol products and services, including netsol’s offering nfs ascent. subscription-based pricing is being offered on a monthly, quarterly or annual basis. along with other value-based factors built into the model, the new pricing plan is intended to decrease initial buy-in cost for new customers and provide an alternative to current customers seeking lower software usage and maintenance costs. by removing upfront license fees, netsol is enabling organizations to more effectively spread software usage and maintenance expenses over time rather than through legacy processes, which require complex and lengthy procurement cycles and result in heavy spending at the outset of an agreement before services are performed. prospective and current customers now also have added flexibility in payment with the ability to scale operations seamlessly if needed. for netsol, transitioning to a subscription billing model, over time, would provide substantially improved recurring revenue opportunities, leading to greater customer lifetime value (ltv) as well as long-term financial visibility.
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