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.

Vertex integrates tax automation solution with Alfa Start

Tax technology solutions provider, Vertex, has announced the integration of its Lease Tax O Series with Alfa Start, a cloud-based system for auto leasing operations. This marks the latest development in the relationship between the two companies, as they seek to better facilitate tax management and ease the complexities on lease and rental transactions for customers.

Vertex integrates tax automation solution with Alfa Start

Jun 10, 2021

Tax technology solutions provider, Vertex, has announced the integration of its Lease Tax O Series with Alfa Start, a cloud-based system for auto leasing operations. This marks the latest development in the relationship between the two companies, as they seek to better facilitate tax management and ease the complexities on lease and rental transactions for customers.

AF50 UK 2021 reveals country’s largest asset finance companies

A unique study of the UK’s asset finance industry published today reveals the vital role the sector will play in the country’s post-pandemic recovery. The exclusive 2021 Asset Finance 50 report provides in-depth analysis of the market, including expert commentary from finance company executives. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector.

AF50 UK 2021 reveals country’s largest asset finance companies

May 18, 2021

A unique study of the UK’s asset finance industry published today reveals the vital role the sector will play in the country’s post-pandemic recovery. The exclusive 2021 Asset Finance 50 report provides in-depth analysis of the market, including expert commentary from finance company executives. The annual AF50 is the UK’s most influential survey of business and equipment lessors, which tracks the health of the market and identifies the key trends that are set to have an impact on the sector.

Arkle Finance, armed with Alfa Systems, primed to exploit post-pandemic opportunities

Arkle Finance has partnered with asset finance software provider, Alfa, to implement its Alfa Systems software platform. Founded in 1997, Arkle Finance is a funder specialising in asset finance and leasing. The company offers a range of finance products to businesses and private individuals across the UK. The two companies began talks in October 2020, assessing the likelihood of a successful implementation and laying the foundations. Merely 24 weeks later, in March 2021, Arkle successfully went live with the software platform.

Arkle Finance, armed with Alfa Systems, primed to exploit post-pandemic opportunities

May 13, 2021

Arkle Finance has partnered with asset finance software provider, Alfa, to implement its Alfa Systems software platform. Founded in 1997, Arkle Finance is a funder specialising in asset finance and leasing. The company offers a range of finance products to businesses and private individuals across the UK. The two companies began talks in October 2020, assessing the likelihood of a successful implementation and laying the foundations. Merely 24 weeks later, in March 2021, Arkle successfully went live with the software platform.

Alfa Systems’ boost in revenue & profits herald a successful 2020

Alfa Systems has revealed a 22% boost in revenue in its 2020 Full Year report. At £78.9 million and £23.9 million respectively, revenue and operating profits were significantly ahead of original expectations for the year – and also notably ahead of the previous year. Moreover total contract values (future contract revenues), at £112.9 million, were some 40% up year-on-year as a result of “good wins and successful go-lives”.

Alfa Systems’ boost in revenue & profits herald a successful 2020

Mar 23, 2021

Alfa Systems has revealed a 22% boost in revenue in its 2020 Full Year report. At £78.9 million and £23.9 million respectively, revenue and operating profits were significantly ahead of original expectations for the year – and also notably ahead of the previous year. Moreover total contract values (future contract revenues), at £112.9 million, were some 40% up year-on-year as a result of “good wins and successful go-lives”.

Hampshire Trust Bank accelerates cloud-based growth using Alfa Start

A pioneering investment in a cloud-based asset finance platform has accelerated service delivery for Hampshire Trust Bank and minimised customer disruption during the pandemic. Hampshire Trust Bank's (HTB) specialist banking division was the first customer for Alfa Start, the preconfigured solution from global software giant Alfa that enables finance companies to rapidly implement its award-winning software. The system was chosen in late 2019 to be implemented for new business and the design of the solution meant it was up and running by early 2020, just in time to play a critical role in responding to the crisis engulfing UK businesses and consumers.

Hampshire Trust Bank accelerates cloud-based growth using Alfa Start

Jan 26, 2021

A pioneering investment in a cloud-based asset finance platform has accelerated service delivery for Hampshire Trust Bank and minimised customer disruption during the pandemic. Hampshire Trust Bank's (HTB) specialist banking division was the first customer for Alfa Start, the preconfigured solution from global software giant Alfa that enables finance companies to rapidly implement its award-winning software. The system was chosen in late 2019 to be implemented for new business and the design of the solution meant it was up and running by early 2020, just in time to play a critical role in responding to the crisis engulfing UK businesses and consumers.

Alfa reveals strong performance in H2 2020

In its latest announcement, UK-based provider of asset finance software solutions, Alfa, has revealed stronger performance across October and November than anticipated in forecasts made earlier in 2020. According to Alfa, the strong performance has stemmed from higher revenue driven by the continuation of existing projects, additional work being secured, pre-implementation work in advance of potential contracts for new implementations or upgrades, and a smaller than expected negative impact from staff holidays delayed from H1 2020.

Alfa reveals strong performance in H2 2020

Dec 31, 2020

In its latest announcement, UK-based provider of asset finance software solutions, Alfa, has revealed stronger performance across October and November than anticipated in forecasts made earlier in 2020. According to Alfa, the strong performance has stemmed from higher revenue driven by the continuation of existing projects, additional work being secured, pre-implementation work in advance of potential contracts for new implementations or upgrades, and a smaller than expected negative impact from staff holidays delayed from H1 2020.

Societe Generale Equipment Finance maintains leadership with focus on partnership and innovation

Societe Generale Equipment Finance (SGEF) has retained its leadership position as the largest company in this year’s Asset Finance Europe 50 (AFE50). Jochen Jehmlich, the company’s chief executive officer, reviews a momentous year and provides his outlook on the opportunities and challenges for 2021.

Societe Generale Equipment Finance maintains leadership with focus on partnership and innovation

Dec 07, 2020

Societe Generale Equipment Finance (SGEF) has retained its leadership position as the largest company in this year’s Asset Finance Europe 50 (AFE50). Jochen Jehmlich, the company’s chief executive officer, reviews a momentous year and provides his outlook on the opportunities and challenges for 2021.

Second UK contract win for Alfa Start amid growing cloud demand

Global asset finance software and services provider Alfa has secured a new UK equipment finance customer for its Alfa Start platform. The contract win is the latest in a series of new customer announcements from the specialist software provider. Earlier this year it revealed a successful go-live for the platform with Hampshire Trust Bank and a US auto finance provider.

Second UK contract win for Alfa Start amid growing cloud demand

Dec 07, 2020

Global asset finance software and services provider Alfa has secured a new UK equipment finance customer for its Alfa Start platform. The contract win is the latest in a series of new customer announcements from the specialist software provider. Earlier this year it revealed a successful go-live for the platform with Hampshire Trust Bank and a US auto finance provider.

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