Alfa launches new project accelerator for European asset finance
Alfa, provider of the Alfa Systems software platform, has announced a new preconfigured SaaS offering for European asset finance companies.
Alfa Start for European Asset Finance allows auto and equipment finance operators to conduct a quick and cost-effective implementation of Alfa Systems, Alfa’s flagship platform for originations, contract servicing, collections management and more. It draws on predefined best-practice configuration and processes, perfected over Alfa’s considerable experience supporting top brands around the continent.
Since launching in 2020, Alfa Start’s rapid implementation methodology has found success in the UK with progressive finance providers and challenger banks such as HTB, United Trust Bank, Arkle Finance, Bibby Financial Services and most recently Paragon Bank. Alfa Start has also provided critical value as a project accelerator to a string of notable auto and equipment lenders in the US.
With the new solution, Alfa brings its industry expertise and experience in fast implementations to operations throughout Europe.
Emily Hammond (pictured), Alfa’s Director of Product, said, “Alfa Start is for banks, captives and independents who want to be lean and invest pragmatically in a system that comes preloaded with a distilled best-practice setup, rather than recreating their existing processes and configuration from scratch. But there’s still plenty of room to weave in your own DNA, and hold on to that differentiating factor.
“As we’ve done successfully in the UK and US, this new flavour of Alfa Start brings the power of Alfa Systems to a wider range of providers, offering an essential project accelerator that reduces cost and helps you gain a competitive edge.”
Richard Olver, COO of Bibby Financial Services, said, “A lot of providers have a need to modernise their tech stack, and look at improving their businesses, and Alfa Systems is the industry gold standard. With Alfa Start we’ve been able to implement Alfa Systems rapidly and cost-effectively. Thanks to the automation now available, our teams spend more time delivering value for our clients and business partners.”
Alfa Start for European Asset Finance provides local languages and currencies, accounting standards and built-in bank reports; as well as integrations for e-signature, single sign-on, SEPA payments and more; and eliminates infrastructure overheads through proactively managed, single-tenant SaaS. For more information, visit www.alfasystems.com/euro-start.
