Alfa Financial Software Hldgs PLC Second UK Alfa Start contract win (0896G)
23 November 2020 - 6:00PM
UK Regulatory
TIDMALFA
RNS Number : 0896G
Alfa Financial Software Hldgs PLC
23 November 2020
23 November 2020
Alfa Financial Software Holdings PLC
Second UK Alfa Start contract win and Alfa Cloud Hosting
go-live
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry, is pleased to announce a new contract win to
deliver an Alfa Start implementation for a second UK Equipment
Finance Company.
Signing of the contract marks the full commitment from the
customer to the project with assessment work having been carried
out under letters of engagement. This is our second Alfa Start
project in the UK, having successfully gone live with Hampshire
Trust Bank earlier this year. This, combined with our first Alfa
Start for US Auto go-live last month, demonstrates the growing
interest in the market for this solution which enables customers to
go live with proven software quickly.
We are also pleased to report that the Alfa Cloud Hosting win
that we announced in May with a leading provider of auto finance
solutions has now moved into live production.
Andrew Denton, Chief Executive Officer of Alfa, said:
"We are delighted to have signed our second contract with a UK
Alfa Start customer. Whilst it is small in comparison to many of
our other customers by size of contract, this win helps to underpin
our expectations for 2020 and 2021 and further demonstrates our
strategic progress with the Alfa Start product. The Alfa Start
product enables an accelerated go-live facilitated by
out-of-the-box configurations and operating within the Alfa Cloud
hosted environment. Our fast growing Alfa Cloud Hosting solution is
always-on with fully managed infrastructure and regular
upgrades.
"The go-live for a leading auto finance solutions provider is at
the other end of the spectrum in terms of scale and underscores the
strength of Alfa's rich hosted offering for organisations of all
sizes as well as the business potential of Cloud deployments going
forward.
"We are pleased with the progress we have made with all of our
strategic accelerators this year: Alfa Start, Alfa Cloud Hosting,
partnerships, and technological leadership through the release of
Alfa 5.6 as well as our entry into the artificial intelligence
market with Alfa iQ. Overall we remain on track for our increased
financial expectations for the full year."
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
Duncan Magrath, Chief Financial
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Matt Low +44 (0)20 7353 4200
Notes to Editors
Alfa has been delivering software systems and consultancy
services to the global asset and automotive finance industry since
1990. Our best practice methodologies and specialised knowledge of
asset finance facilitates delivery of large software
implementations and highly complex business change projects. With
an excellent delivery track record spanning three decades, Alfa's
experience and performance is unrivalled in the industry.
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 replace multiple customer systems with our 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, Alfa Systems provides
compelling solutions to asset finance companies.
Alfa Systems is currently used by customers or has live
implementations in 26 countries and Alfa has offices in Europe,
Australasia and North America. For more information, visit
www.alfasystems.com.
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END
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