Contract

04 March 2020

Alfa Financial Software Holdings PLC

New customer win

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), the leading developer of mission critical software for the asset finance industry, is pleased to announce a new contract win with a fast-growing US-based automotive manufacturer. 

This Agreement is based on the pre-configured Alfa Start proposition to implement in the UK, Europe, the US and Canada, and will be delivered via a highly streamlined deployment of Alfa Systems, over a short timeframe with cloud hosting, licence and maintenance bundled into a monthly subscription billing model. We expect this to be in the lower tier by contract value relative to other Alfa implementations and expected revenues are already included in the Company's forecasting assumptions for 2020.

Andrew Denton, Chief Executive of Alfa said:

"We are delighted to win this contract with one of the most recognisable and progressive automotive manufacturers in the world.  Our new customer has impressive growth plans and we are delighted that Alfa Systems has been selected to support their asset financing requirements.  The project is deliberately compact in size but of strategic significance.  This contract win demonstrates that Alfa Start is a compelling offering to customers across our target markets in Europe and North America."

Enquiries

Notes to Editors

Alfa has been delivering 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 our delivery of large software implementations and highly complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's experience and performance is unrivalled.

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 client systems on a 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 supports portfolios in 20 countries and Alfa has offices in Europe, Asia-Pacific and North America.  For more information, visit www.alfasystems.com.