GlobalData
2 min read
Alfa has introduced a new preconfigured software-as-a-service (SaaS) solution, Alfa Start for European Asset Finance, designed specifically for European asset finance companies.
According to the company, the system enables auto and equipment finance operators to implement Alfa Systems, a core platform for services such as originations, contract servicing, and collections management, in a “quick and cost-effective” way.
Built on predefined best-practice configurations and processes, refined through Alfa’s extensive support for major European brands, the offering streamlines implementation.
Alfa director of product Emily Hammond said: “Alfa Start is for banks, captives and independents who want to be lean and invest pragmatically in a system that comes preloaded with a distilled best-practice setup, rather than recreating their existing processes and configuration from scratch.
“As we’ve done successfully in the UK and US, this new flavour of Alfa Start brings the power of Alfa Systems to a wider range of providers, offering an essential project accelerator that reduces cost and helps you gain a competitive edge.”
Since its launch in 2020, Alfa Start’s “rapid” methodology has been adopted in the UK by finance providers and challenger banks such as United Trust Bank, Arkle Finance, Bibby Financial Services, and recently Paragon Bank.
It has also accelerated projects for notable auto and equipment lenders in the US.
The new offering includes support for local languages, currencies, accounting standards, and bank reports, alongside integrations for e-signature, single sign-on, SEPA payments, and other features.
Delivered via proactively managed, single-tenant SaaS, it eliminates infrastructure overheads for users.
Bibby Financial Services COO Richard Olver said: “A lot of providers have a need to modernise their tech stack, and look at improving their businesses, and Alfa Systems is the industry gold standard.
“With Alfa Start, we've been able to implement Alfa Systems rapidly and cost-effectively. Thanks to the automation now available, our teams spend more time delivering value for our clients and business partners.”
"Alfa unveils preconfigured SaaS solution for European asset finance sector" was originally created and published by Leasing Life, a GlobalData owned brand.
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