Alfa Systems’ boost in revenue & profits herald a successful 2020

Alfa Systems has revealed a 22% boost in revenue in its 2020 Full Year report. At £78.9 million and £23.9 million respectively, revenue and operating profits were significantly ahead of original expectations for the year – and also notably ahead of the previous year. Moreover total contract values (future contract revenues), at £112.9 million, were some 40% up year-on-year as a result of “good wins and successful go-lives”.

Alfa Systems’ boost in revenue & profits herald a successful 2020

Mar 23, 2021

Alfa Systems has revealed a 22% boost in revenue in its 2020 Full Year report. At £78.9 million and £23.9 million respectively, revenue and operating profits were significantly ahead of original expectations for the year – and also notably ahead of the previous year. Moreover total contract values (future contract revenues), at £112.9 million, were some 40% up year-on-year as a result of “good wins and successful go-lives”.

Hampshire Trust Bank accelerates cloud-based growth using Alfa Start

A pioneering investment in a cloud-based asset finance platform has accelerated service delivery for Hampshire Trust Bank and minimised customer disruption during the pandemic. Hampshire Trust Bank's (HTB) specialist banking division was the first customer for Alfa Start, the preconfigured solution from global software giant Alfa that enables finance companies to rapidly implement its award-winning software. The system was chosen in late 2019 to be implemented for new business and the design of the solution meant it was up and running by early 2020, just in time to play a critical role in responding to the crisis engulfing UK businesses and consumers.

Hampshire Trust Bank accelerates cloud-based growth using Alfa Start

Jan 26, 2021

A pioneering investment in a cloud-based asset finance platform has accelerated service delivery for Hampshire Trust Bank and minimised customer disruption during the pandemic. Hampshire Trust Bank's (HTB) specialist banking division was the first customer for Alfa Start, the preconfigured solution from global software giant Alfa that enables finance companies to rapidly implement its award-winning software. The system was chosen in late 2019 to be implemented for new business and the design of the solution meant it was up and running by early 2020, just in time to play a critical role in responding to the crisis engulfing UK businesses and consumers.

Alfa reveals strong performance in H2 2020

In its latest announcement, UK-based provider of asset finance software solutions, Alfa, has revealed stronger performance across October and November than anticipated in forecasts made earlier in 2020. According to Alfa, the strong performance has stemmed from higher revenue driven by the continuation of existing projects, additional work being secured, pre-implementation work in advance of potential contracts for new implementations or upgrades, and a smaller than expected negative impact from staff holidays delayed from H1 2020.

Alfa reveals strong performance in H2 2020

Dec 31, 2020

In its latest announcement, UK-based provider of asset finance software solutions, Alfa, has revealed stronger performance across October and November than anticipated in forecasts made earlier in 2020. According to Alfa, the strong performance has stemmed from higher revenue driven by the continuation of existing projects, additional work being secured, pre-implementation work in advance of potential contracts for new implementations or upgrades, and a smaller than expected negative impact from staff holidays delayed from H1 2020.

Societe Generale Equipment Finance maintains leadership with focus on partnership and innovation

Societe Generale Equipment Finance (SGEF) has retained its leadership position as the largest company in this year’s Asset Finance Europe 50 (AFE50). Jochen Jehmlich, the company’s chief executive officer, reviews a momentous year and provides his outlook on the opportunities and challenges for 2021.

Societe Generale Equipment Finance maintains leadership with focus on partnership and innovation

Dec 07, 2020

Societe Generale Equipment Finance (SGEF) has retained its leadership position as the largest company in this year’s Asset Finance Europe 50 (AFE50). Jochen Jehmlich, the company’s chief executive officer, reviews a momentous year and provides his outlook on the opportunities and challenges for 2021.

Second UK contract win for Alfa Start amid growing cloud demand

Global asset finance software and services provider Alfa has secured a new UK equipment finance customer for its Alfa Start platform. The contract win is the latest in a series of new customer announcements from the specialist software provider. Earlier this year it revealed a successful go-live for the platform with Hampshire Trust Bank and a US auto finance provider.

Second UK contract win for Alfa Start amid growing cloud demand

Dec 07, 2020

Global asset finance software and services provider Alfa has secured a new UK equipment finance customer for its Alfa Start platform. The contract win is the latest in a series of new customer announcements from the specialist software provider. Earlier this year it revealed a successful go-live for the platform with Hampshire Trust Bank and a US auto finance provider.

Asset Finance Europe 50 2020 reveals strength of market as industry endures its toughest year

Europe’s biggest asset finance providers entered 2020 in a position of strength that helped them prepare for the toughest year in the industry’s history. In the fourth annual Asset Finance Europe 50, asset finance leaders have heaped praise on their employees for their pivotal role in supporting industry growth and adapting to change as the Coronavirus crisis struck at the start of the year. The unique European annual ranking survey, sponsored by Alfa, reveals that total business equipment and vehicle lease receivables of the 50 largest companies were €314 billion as the industry entered a pivotal year.

Asset Finance Europe 50 2020 reveals strength of market as industry endures its toughest year

Nov 30, 2020

Europe’s biggest asset finance providers entered 2020 in a position of strength that helped them prepare for the toughest year in the industry’s history. In the fourth annual Asset Finance Europe 50, asset finance leaders have heaped praise on their employees for their pivotal role in supporting industry growth and adapting to change as the Coronavirus crisis struck at the start of the year. The unique European annual ranking survey, sponsored by Alfa, reveals that total business equipment and vehicle lease receivables of the 50 largest companies were €314 billion as the industry entered a pivotal year.

Andrew Denton reveals 24% boost in revenue in Alfa System’s H1 results

Finance software provider, Alfa Systems, has revealed a 24% boost in revenue in its H1 2020 report. With revenue and profit “significantly ahead” of original expectations, the company forecast 2020 to be 5% ahead of current revenue expectations with the vast majority of this improvement also falling through to earnings before interest & tax (EBIT). Andrew Denton (pictured above), chief executive officer at Alfa, explained: “The qualities of our people and our product have been highlighted in tackling the challenges that the Covid-19 pandemic has posed. It is great to see that the dedication, skills and the effort of our people in difficult circumstances has been reflected in a strong first half financial performance."

Andrew Denton reveals 24% boost in revenue in Alfa System’s H1 results

Oct 05, 2020

Finance software provider, Alfa Systems, has revealed a 24% boost in revenue in its H1 2020 report. With revenue and profit “significantly ahead” of original expectations, the company forecast 2020 to be 5% ahead of current revenue expectations with the vast majority of this improvement also falling through to earnings before interest & tax (EBIT). Andrew Denton (pictured above), chief executive officer at Alfa, explained: “The qualities of our people and our product have been highlighted in tackling the challenges that the Covid-19 pandemic has posed. It is great to see that the dedication, skills and the effort of our people in difficult circumstances has been reflected in a strong first half financial performance."

How Toyota is building new auto finance models for a changing market

In an auto finance market being reshaped by change, there are three certainties that will drive future development, according to Toyota Financial Services. While COVID-19 has added an extra layer of challenges as global car sales have been disrupted, these inherent factors remain core for OEMs, according to Martin Muessener, its vice-president of sales and marketing, Europe and Africa.

How Toyota is building new auto finance models for a changing market

Sep 30, 2020

In an auto finance market being reshaped by change, there are three certainties that will drive future development, according to Toyota Financial Services. While COVID-19 has added an extra layer of challenges as global car sales have been disrupted, these inherent factors remain core for OEMs, according to Martin Muessener, its vice-president of sales and marketing, Europe and Africa.

New release of Alfa Systems set to improve user journey

Finance technology provider Alfa have announced the new release of its asset finance software platform, Alfa Systems, with a variety of new functions to improve the user journey. The platform offers an end-to-end solution with integrated workflow and automated processing, supporting both retail and corporate business for auto, equipment, wholesale and dealer finance on a cross-border basis including leases, loans, originations and servicing.

New release of Alfa Systems set to improve user journey

Sep 24, 2020

Finance technology provider Alfa have announced the new release of its asset finance software platform, Alfa Systems, with a variety of new functions to improve the user journey. The platform offers an end-to-end solution with integrated workflow and automated processing, supporting both retail and corporate business for auto, equipment, wholesale and dealer finance on a cross-border basis including leases, loans, originations and servicing.

Alfa whitepaper reveals how asset finance providers can kick-start machine learning projects

Specialist software and services provider Alfa has published a new whitepaper that reveals how asset finance companies can launch their own machine learning projects to enhance efficiency and customer service. The paper is the second in a series of reports on the issue and focuses on real-world examples of how to successfully introduce the technology. Called ‘Using Machine Learning in the Wild’, it provides two detailed case studies of companies that take different approaches to machine learning implementation.

Alfa whitepaper reveals how asset finance providers can kick-start machine learning projects

Sep 03, 2020

Specialist software and services provider Alfa has published a new whitepaper that reveals how asset finance companies can launch their own machine learning projects to enhance efficiency and customer service. The paper is the second in a series of reports on the issue and focuses on real-world examples of how to successfully introduce the technology. Called ‘Using Machine Learning in the Wild’, it provides two detailed case studies of companies that take different approaches to machine learning implementation.

Alfa unveils software platform for US auto finance companies, following successful launch in UK with Hampshire Trust Bank

Auto finance software provider Alfa, has announced the release of a new, preconfigured edition of its flagship software solution Alfa Systems, specifically for auto finance operators in the US. The software – named Alfa Start - includes a preconfigured start position with a predesigned process catalogue and a suite of out-of-the-box integrations. Furthermore, the solution is cloud native and benefits from a fully managed infrastructure and the promise of regular upgrades.

Alfa unveils software platform for US auto finance companies, following successful launch in UK with Hampshire Trust Bank

Aug 04, 2020

Auto finance software provider Alfa, has announced the release of a new, preconfigured edition of its flagship software solution Alfa Systems, specifically for auto finance operators in the US. The software – named Alfa Start - includes a preconfigured start position with a predesigned process catalogue and a suite of out-of-the-box integrations. Furthermore, the solution is cloud native and benefits from a fully managed infrastructure and the promise of regular upgrades.

Alfa whitepaper reveals impact of LIBOR reform on asset finance providers

Asset finance software and services provider Alfa has published a new whitepaper that provides in-depth guidance on LIBOR reform. LIBOR rates are used by auto and equipment finance businesses globally as a benchmark to determine customer interest rates. However, LIBOR, EURIBOR and other such rates carry inherent shortcomings that have led to their planned replacement by alternative risk-free rates such as SONIA and SOFR. In the whitepaper, called LIBOR Reform: The Impact for Auto and Equipment Finance Providers, Alfa analyses the changes, why they are happening and what impact they will have on asset finance providers.Issues covered include how asset finance company systems must be enhanced to accommodate the changes.

Alfa whitepaper reveals impact of LIBOR reform on asset finance providers

Jun 10, 2020

Asset finance software and services provider Alfa has published a new whitepaper that provides in-depth guidance on LIBOR reform. LIBOR rates are used by auto and equipment finance businesses globally as a benchmark to determine customer interest rates. However, LIBOR, EURIBOR and other such rates carry inherent shortcomings that have led to their planned replacement by alternative risk-free rates such as SONIA and SOFR. In the whitepaper, called LIBOR Reform: The Impact for Auto and Equipment Finance Providers, Alfa analyses the changes, why they are happening and what impact they will have on asset finance providers.Issues covered include how asset finance company systems must be enhanced to accommodate the changes.

Nine asset finance companies revealed as sector leaders in AF50 UK 2020

The annual Asset Finance 50 UK has revealed nine companies that are leading their sectors for growth or size in the £40 billion asset finance market. The AF50 list of industry leaders is based on data from the exclusive 2020 Asset Finance UK 50 report.

Nine asset finance companies revealed as sector leaders in AF50 UK 2020

Jun 01, 2020

The annual Asset Finance 50 UK has revealed nine companies that are leading their sectors for growth or size in the £40 billion asset finance market. The AF50 list of industry leaders is based on data from the exclusive 2020 Asset Finance UK 50 report.

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