Alfa has announced a significant new release of its class-leading software platform for asset finance, Alfa Systems.
Alfa Systems 5.6 brings together 18 months of important new features, and its highlights include a comprehensive redesign of the user experience; Alfa Start, a new preconfigured edition of the software; and tools to enable the transition away from LIBOR and similar interest calculation rates towards new, risk-free rates such as SONIA and SOFR. The release also introduces usage-based billing and cash accounts, among many other features and enhancements.
Andrew Denton, Alfa’s CEO, said: “I’m delighted to announce the latest release of Alfa Systems. It includes an exciting overhaul of the entire UI and user experience, designed in close collaboration with our end users and following the Design Thinking methodology.
“In usage-based billing and cash accounts, we’ve introduced some vital product changes to give asset finance businesses more flexibility in the way they do business in their market.
“We’ve also introduced Alfa Start, a preconfigured offering to get projects up and running quickly. Alfa continues to help people in asset finance operate efficiently and competitively.”
Read Top Features in Alfa Systems 5.6 to find out more about the new features and improvements, including some important technical innovations.
Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990.
Our best in class methodologies and specialised knowledge of asset finance mean that we deliver the largest system implementations and most complex business change projects. With an excellent delivery history over three decades in the industry, Alfa’s track record is unrivalled.
Alfa Systems, our class-leading technology platform, is at the heart of some of the world’s largest asset finance companies. Key to the business case for each implementation is Alfa Systems’ ability to consolidate multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.
With over 30 current clients and 26 countries served, Alfa has offices all over Europe, Australasia and the Americas. For more information, visit alfasystems.com.