Alfa reports Q1 rise in revenues and chargeable days

Alfa Financial Software has reported strong revenue growth in the first quarter of the year, hitting £22.5m, up more than 10% on the same period last year. The company, a leading developer of mission-critical software for the asset finance industry, worked more chargeable days in March than at any time in its history, and said it expects these high levels of chargeability to continue.

Alfa reports Q1 rise in revenues and chargeable days

Apr 28, 2022

Alfa Financial Software has reported strong revenue growth in the first quarter of the year, hitting £22.5m, up more than 10% on the same period last year. The company, a leading developer of mission-critical software for the asset finance industry, worked more chargeable days in March than at any time in its history, and said it expects these high levels of chargeability to continue.

Alfa posts strong financial performance in 2021

Alfa Financial Software, a leading developer of software for the asset finance industry, has reported a strong financial and operational performance in its full year 2021 results. Revenue for the twelve months ending 31 December 2021 hit £83.2 million, up 5% on the previous year, while operating profit increased by 3% to £24.7 million.

Alfa posts strong financial performance in 2021

Mar 09, 2022

Alfa Financial Software, a leading developer of software for the asset finance industry, has reported a strong financial and operational performance in its full year 2021 results. Revenue for the twelve months ending 31 December 2021 hit £83.2 million, up 5% on the previous year, while operating profit increased by 3% to £24.7 million.

Alfa launches second paper in agile implementation series

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa launches second paper in agile implementation series

Mar 04, 2022

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa lands first customers for AI venture, Alfa iQ

Alfa has secured its first revenue generating work for Alfa iQ, a partnership between the asset and auto finance industry technology specialist and Bitfount, which combines decades of sector expertise with deep artificial intelligence and machine learning capabilities. The intelligence platform enables customers to make better decisions and to adapt quickly to changing market conditions through these methods.

Alfa lands first customers for AI venture, Alfa iQ

Feb 22, 2022

Alfa has secured its first revenue generating work for Alfa iQ, a partnership between the asset and auto finance industry technology specialist and Bitfount, which combines decades of sector expertise with deep artificial intelligence and machine learning capabilities. The intelligence platform enables customers to make better decisions and to adapt quickly to changing market conditions through these methods.

Asset Finance Europe 50 2021 - delivering growth in a complex market

The annual ranking of Europe’s leading asset finance providers reveals today the leasing companies that delivered industry growth during a year in which the pandemic reshaped global trade. The Asset Finance Europe 50 is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the regions’ leasing market. The research reveals that the industry managed to maintain overall growth despite the impact of the pandemic, although at much lower levels than previous years, as expansion for some providers was offset by reduced receivables for others.

Asset Finance Europe 50 2021 - delivering growth in a complex market

Dec 14, 2021

The annual ranking of Europe’s leading asset finance providers reveals today the leasing companies that delivered industry growth during a year in which the pandemic reshaped global trade. The Asset Finance Europe 50 is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the regions’ leasing market. The research reveals that the industry managed to maintain overall growth despite the impact of the pandemic, although at much lower levels than previous years, as expansion for some providers was offset by reduced receivables for others.

PEAC Finance finds a platform for growth in Alfa Systems

PEAC Finance has completed a major project to upgrade Alfa Systems, alongside the implementation of new business for the Barclays Asset Finance operation which the European SME lending specialist acquired at the end of June. Completed in July 2021, the upgrade to Alfa Systems version 5.6 gave PEAC access to a wealth of new features, including support for risk-free interest rate products and usage-based billing, alongside a comprehensive redesign of the user interface to improve user experience and increase operational efficiency.

PEAC Finance finds a platform for growth in Alfa Systems

Dec 07, 2021

PEAC Finance has completed a major project to upgrade Alfa Systems, alongside the implementation of new business for the Barclays Asset Finance operation which the European SME lending specialist acquired at the end of June. Completed in July 2021, the upgrade to Alfa Systems version 5.6 gave PEAC access to a wealth of new features, including support for risk-free interest rate products and usage-based billing, alongside a comprehensive redesign of the user interface to improve user experience and increase operational efficiency.

Alfa launches agile implementation series

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has announced a new thought leadership series, Innovation in Implementation. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa launches agile implementation series

Oct 18, 2021

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has announced a new thought leadership series, Innovation in Implementation. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa names three chosen charities for 2021

Asset and automotive finance industry technology specialist Alfa has named three charities it will be supporting for 2021 and beyond, as part of the software vendor’s commitment to creating a positive impact. Its choices reflect Alfa’s intention to tackle key environmental and social issues.

Alfa names three chosen charities for 2021

Oct 01, 2021

Asset and automotive finance industry technology specialist Alfa has named three charities it will be supporting for 2021 and beyond, as part of the software vendor’s commitment to creating a positive impact. Its choices reflect Alfa’s intention to tackle key environmental and social issues.

Report reveals future path to profit for green asset finance

Asset finance companies will be key to the ambitions of world leaders who want to ‘build back better’ as part of the economic recovery from COVID-19, according to a report published today by the International Asset Finance Network. The new report, produced in association with global asset finance software specialist Alfa, is called ‘Sustainability and Servitisation: Building a path to profit for green asset finance’ and reveals that asset finance companies have a vital role to play as they will provide the funding that will trigger growth, but the operating environment is changing when it comes to customers, markets and legislation.

Report reveals future path to profit for green asset finance

Sep 06, 2021

Asset finance companies will be key to the ambitions of world leaders who want to ‘build back better’ as part of the economic recovery from COVID-19, according to a report published today by the International Asset Finance Network. The new report, produced in association with global asset finance software specialist Alfa, is called ‘Sustainability and Servitisation: Building a path to profit for green asset finance’ and reveals that asset finance companies have a vital role to play as they will provide the funding that will trigger growth, but the operating environment is changing when it comes to customers, markets and legislation.

Why Big Data is vital to driving auto finance growth and controlling invisible risks

A new industry report released by the International Asset Finance Network today warns that there is a lack of innovative use of data and analytics in risk management within auto finance that could improve decision making across new business and in-life customer management. The report, called ‘Controlling Invisible Risks: driving growth in a new auto finance landscape using data and analytics’, tells auto finance leaders that it is critical to implement new technology and develop their own ecosystems driven by Big Data if they want to remain competitive.

Why Big Data is vital to driving auto finance growth and controlling invisible risks

Jul 20, 2021

A new industry report released by the International Asset Finance Network today warns that there is a lack of innovative use of data and analytics in risk management within auto finance that could improve decision making across new business and in-life customer management. The report, called ‘Controlling Invisible Risks: driving growth in a new auto finance landscape using data and analytics’, tells auto finance leaders that it is critical to implement new technology and develop their own ecosystems driven by Big Data if they want to remain competitive.

Close Brothers Asset Finance engages Alfa for major back-office upgrade

Asset and automotive finance industry specialist Alfa has announced a major new upgrade with Close Brothers Asset Finance, in the third and largest phase of a comprehensive programme of systems transformation in the business, which has offices across the UK, and in Ireland and Germany. The upgrade takes the company, part of the leading UK merchant banking group, 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.

Close Brothers Asset Finance engages Alfa for major back-office upgrade

Jul 19, 2021

Asset and automotive finance industry specialist Alfa has announced a major new upgrade with Close Brothers Asset Finance, in the third and largest phase of a comprehensive programme of systems transformation in the business, which has offices across the UK, and in Ireland and Germany. The upgrade takes the company, part of the leading UK merchant banking group, 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 whitepaper reveals the future of machine learning

Asset finance software provider Alfa has published a new whitepaper on how the industry can accelerate the use of machine learning to deliver significant benefits to businesses and customers. Moving Forward with Machine Learning is the third in a series of whitepapers from Alfa, produced in association with Alfa iQ, the partnership between Alfa and Bitfount that builds and deploys best-in-class machine learning models. The new whitepaper explores the trajectory of machine learning, its uses in auto and equipment finance, and how it will continue to advance in the near future.

Alfa whitepaper reveals the future of machine learning

Jul 05, 2021

Asset finance software provider Alfa has published a new whitepaper on how the industry can accelerate the use of machine learning to deliver significant benefits to businesses and customers. Moving Forward with Machine Learning is the third in a series of whitepapers from Alfa, produced in association with Alfa iQ, the partnership between Alfa and Bitfount that builds and deploys best-in-class machine learning models. The new whitepaper explores the trajectory of machine learning, its uses in auto and equipment finance, and how it will continue to advance in the near future.

Alfa joins Black British Network

Alfa has signalled its backing for business efforts to improve racial equity, by signing up to partner with the Black British Network. The asset finance systems and consultancy specialist joins alongside O2, Sainsbury’s, Tesco and EY and a host of other organisations, who are committed to making real change happen in the area of diversity and inclusion. Founded by renowned campaigner Cephas Williams, the Black British Network aims to enable roundtable conversations with members of the Black community and industry leaders to build better frameworks within organisations and society.

Alfa joins Black British Network

Jun 29, 2021

Alfa has signalled its backing for business efforts to improve racial equity, by signing up to partner with the Black British Network. The asset finance systems and consultancy specialist joins alongside O2, Sainsbury’s, Tesco and EY and a host of other organisations, who are committed to making real change happen in the area of diversity and inclusion. Founded by renowned campaigner Cephas Williams, the Black British Network aims to enable roundtable conversations with members of the Black community and industry leaders to build better frameworks within organisations and society.