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.

 

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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.

AF50 UK 2020 reveals country’s biggest asset finance companies

The UK’s finance industry leaders have revealed their vision for the future as the market responds to the Coronavirus pandemic. The exclusive 2020 Asset Finance 50 report provides a unique ‘before and after’ perspective of the market, with detailed analysis of the industry carried out using last year’s financial data, ahead of the pandemic starting, while expert analysis looks at the potential long-term impact of the ongoing crisis. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector. This year’s report, sponsored by Alfa, reveals that the total net investment in leasing for the top 50 firms is £40.5 billion, a 7.1% increase from the previous year’s report.

AF50 UK 2020 reveals country’s biggest asset finance companies

May 22, 2020

The UK’s finance industry leaders have revealed their vision for the future as the market responds to the Coronavirus pandemic. The exclusive 2020 Asset Finance 50 report provides a unique ‘before and after’ perspective of the market, with detailed analysis of the industry carried out using last year’s financial data, ahead of the pandemic starting, while expert analysis looks at the potential long-term impact of the ongoing crisis. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector. This year’s report, sponsored by Alfa, reveals that the total net investment in leasing for the top 50 firms is £40.5 billion, a 7.1% increase from the previous year’s report.

Hampshire Trust Bank accelerates software launch with Alfa Start

Hampshire Trust Bank’s specialist business finance division has gone live with Alfa Systems after introducing the new Alfa Start solution to accelerate implementation. The rapid launch of the preconfigured Alfa Start solution meant the Alfa Systems platform was introduced in four months.

Hampshire Trust Bank accelerates software launch with Alfa Start

Mar 18, 2020

Hampshire Trust Bank’s specialist business finance division has gone live with Alfa Systems after introducing the new Alfa Start solution to accelerate implementation. The rapid launch of the preconfigured Alfa Start solution meant the Alfa Systems platform was introduced in four months.