Alfa, provider of Alfa Systems, the software platform relied on by top asset and automotive finance providers worldwide, has announced a major new upgrade with Close Brothers Asset Finance, who has offices across the UK, and in Ireland and Germany.
The implementation of Alfa Systems v5 for Close Brothers Asset Finance’s back-office operations represents the third and largest part of a comprehensive programme of systems transformation in the business. The upgrade takes the client from Alfa Systems v4 to Alfa’s latest version, v5, allowing Close Brothers Asset Finance to benefit from Alfa’s rich pricing capability, workflow and easy integration.
Alfa Systems is a modern, cloud-based system that will bring a number of benefits to Close Brothers Asset Finance, most notably by providing an updated system which is easy to use, leading to an improved colleague experience. It will also enable faster, less expensive change while allowing the business to adapt to change more easily, removing bespoke process workarounds and manual processing.
Andrew Denton, CEO of Alfa, said: “Alfa and Close Brothers Asset Finance go back a long way, and as a progressive market leader they require effective and lasting systems support. We are delighted to be continuing the journey with them to help make their operation as efficient and successful as possible.”
Peter Millard, Commercial Director at Close Brothers Asset Finance, added: “Improving colleague experience is central to our requirements when considering investing in upgrades, and I’m confident the new version will deliver what we expect.”
The project represents the latest development in a relationship that goes back 16 years. Close Brothers Asset Finance has been a client of Alfa (previously CHP Consulting) since first engaged in 2005, going live the following year with Alfa Systems v4.
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About Close Brothers Asset Finance
Close Brothers Asset Finance offers a range of flexible funding options including hire purchase, leasing and refinancing.
Close Brothers Asset Finance is a member of the Close Brothers Group.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,500 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250
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About Alfa
Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990.
Our best practice 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 or follow on LinkedIn.
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