Alfa reveals new preconfigured software platform for equipment finance as HTB becomes first customer


Global software giant Alfa has launched a new preconfigured solution that enables equipment finance companies to rapidly implement its award-winning software.

The new offering, called Alfa Start, comes predesigned and ready to use, which largely removes the in-depth consultation process that the software company carries out with customers who are supplied with its full Alfa Systems solution.

Sarah Taylor, senior project manager at Alfa, said: “We see it as a project accelerator. It is faster to implement, but Alfa Start still has the full power of Alfa Systems’ technology.

“It is simplified to reflect the fact that some businesses, whether they are start-ups or major organisations, don’t require the complexity of the full system implementation.

“It represents the best of both worlds for our customers. You get all the futureproof power of Alfa Systems and the benefits that brings, without incurring the costs of a bespoke implementation.”

Alfa Start’s business-ready core configuration means it can be used by equipment finance companies of any size, ranging from start-ups to AF50 organisations.

It is currently being implemented by Hampshire Trust Bank, which benefits from access to the same support and integration team behind Alfa Systems, to accelerate innovation.

Taylor added: “As Alfa Start delivers the full Alfa Systems platform, it can expand in complexity and geographically as a company’s needs grow, so it offers a compelling package for ambitious and growing brands.

“You are also supported by the same consultants who work on all implementations; the same people with the same wealth of experience and industry knowledge.”

The cloud-hosted system is launching in the UK and will be expanded to other markets and sectors later in the year.

James Paul, chief delivery officer at Alfa, said: “By choosing a preconfigured instance of Alfa Systems with business-ready core configuration, Alfa Start customers can be in live production with their new system in as little as 20 weeks, quickly leveraging the proven functionality and performance for which Alfa Systems has become renowned.”

The Alfa Systems software platform supports all types of auto, equipment and wholesale finance business and is used globally by customers to administer both retail and corporate business, from point of sale, through originations, to contract management and remarketing, in any region, language and currency.

You can view more details about Alfa Start by clicking here.