Alfa Financial Software Strengths, Domain Expertise, and Key Differentiators
Established in 1990, Alfa (formerly CHP Consulting) has been providing systems and services to the global asset and automotive finance industry. Alfa Systems, the flagship product, is employed for the administration of both retail and corporate business processes. Its functionalities span from point of sale and originations to contract management and remarketing. Alfa Systems excels in managing high-volume transactions and intricate leases and loans across various regions, languages, and currencies.
Alfa Financial Software Recent Developments
In 2022, Alfa, the provider of Alfa Systems, the software platform for asset finance, has revealed its most recent software update in Release 5.7. This latest release marks the culmination of two years of continuous improvements in crucial areas of the product. Key highlights include new offerings in user experience, charges and billing, and configuration. Simultaneously, modifications to existing functionality encompass wholesale, integration, and Alfa Systems' highly valued reporting solution.
In 2020, Alfa announced the introduction of Alfa Start, a preconfigured software solution designed for equipment finance in the UK. Through predefined configuration, Alfa Start provides an opportunity for operations of all sizes based in the UK to fully leverage the multi-featured Alfa Systems platform, previously accessible mainly to larger, more established businesses. The deployment of Alfa Start is swift and cost-effective, offering a preconfigured start position with a pre-designed process catalog and a suite of out-of-the-box standard UK integrations. This standardized approach aims to expedite systems change, optimizing value while minimizing risk. Alfa Start enables lean or less bespoke businesses, such as HTB, Alfa's first Alfa Start customer, to drive innovation and compete effectively in the equipment finance sector.
In September 2020, Alfa unveiled a significant new release of its asset finance software platform, Alfa Systems. Alfa Systems 5.6 integrates 18 months' worth of crucial new features, featuring a comprehensive redesign of the user experience, the introduction of Alfa Start as a preconfigured edition of the software, support for risk-free interest calculation rates like SONIA and SOFR, usage-based billing and cash accounts, and numerous other enhancements, including some noteworthy technical innovations.
In August 2020, Alfa introduced a new, preconfigured edition of its software solution exclusively designed for auto finance in the US. Known as Alfa Start, this platform delivers the Alfa Systems capabilities at an entry-level cost, catering to auto finance operations of all sizes based in the US.
Alfa Start offers a swift and cost-effective deployment, providing users with a preconfigured starting position, a pre-designed process catalog, and a suite of out-of-the-box integrations. Customers opting for Alfa Start also enjoy the benefits of an always-on, cloud-native solution with fully managed infrastructure and regular upgrades.
In November 2016, CHP Consulting, the creators of Alfa Systems, underwent a rebranding, simplifying their name to Alfa.
Alfa Financial Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Alfa Financial Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Alfa Financial Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Alfa Financial Software customers.
Alfa Financial Software Overview
Moor Place, 1 Fore Street Avenue
London, x, EC2Y 9DT, United Kingdom
44 20 7588-1800
https://www.alfasystems.com/
Ownership: - LON: ALFA
Number of Employees: 400
Functional Markets: EPM, ERP Services and Operations,
Key Verticals: Automotive, Banking and Financial Services, Manufacturing, Professional Services, Retail,
Alfa Financial Software Key Enterprise and Cloud Applications
Alfa Financial Software
Alfa Financial Software Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Alfa Financial Software Revenue Breakdown By Type, $M:
Alfa Financial Software Enterprise Applications Revenues By Functional Markets, $M:
Alfa Financial Software Enterprise Applications Revenues By Verticals, $M:
Alfa Financial Software Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Alfa Financial Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Alfa Financial Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Alfa Financial Software Customers
No. of Alfa Financial Software Customers: x
No. of Alfa Financial Software Enterprise Applications Customers: x
No. of Alfa Financial Software Cloud Customers: x
No. of Alfa Financial Software Cloud Subscribers: x
In June 2017, the company secured contracts worth over $4 million, gaining two major customers. Alfa's clientele spans 32 customers across 26 countries, with 55% in the Banking and Financial Services sector and 24% in Automotive vertical markets. Within Europe, Alfa has 23 customers, generating $39.7 million in total revenue solely from the UK. In the USA, it serves 6 customers, contributing $54.5 million in revenue. In Australia and New Zealand, Alfa has 3 customers.
Among Alfa's diverse clientele are notable entities such as the Commonwealth Bank of Australia, John Deere Financial Services, PACCAR, Siemens Financial Services, Nordea Finance, Close Brothers Asset Finance, Santander, Standard Bank, HTB, Arkle Finance, PEAC Finance, Societe Generale Equipment Finance, Hitachi Capital Business Finance, Motability Operations, CarMax, Mercedes-Benz Financial Services, Toyota Financial Services, Bank of America, and several others.
Alfa Financial Software Market Opportunities, M&A and Geo Expansions
In 2022, Tomorrow’s Journey and Alfa have unveiled a partnership, bringing together two prominent leaders in their respective fields to introduce a novel offering for vehicle subscription and usage-based mobility products. Tomorrow’s Journey's adaptable SaaS platform, JRNY, stands as one of the pioneers purpose-built for subscription and usage-based mobility. The integration of JRNY with the class-leading Alfa Systems technology platform, renowned for its proven functionality and performance—particularly its robust and flexible accounting engine—results in the sole full, end-to-end, enterprise-level solution tailored for captive and independent finance companies.
Hampshire Trust Bank's (HTB) specialist business finance division has announced its investment in Alfa Systems. This strategic investment in Alfa's cloud-based platform aligns with HTB's digital strategy, focusing on the deployment of 'best in breed' software and services. The leasing administration system, tailored for asset finance, utilizes cutting-edge digital technologies to ensure functionality, scalability, and performance. Through automation, the software streamlines operations, facilitating both high-volume transactions and complex leases. This investment aims to enhance the overall customer journey, spanning from originations and point of sale to collections and recovery.
In early 2017, Alfa established a partnership with NuoDB, a company specializing in elastic SQL databases. This collaboration aims to deliver enhanced value to Alfa's clients, offering improved availability, superior performance, and reduced costs. NuoDB's elastic SQL database is meticulously designed to cater to the requirements of cloud applications while ensuring transactional consistency and durability, qualities crucial for many applications.
Alfa Financial Software Risks and Challenges
In 2019, Alfa company experienced a 9.2% decline in revenue, dropping from GBP71.0 million to GBP64.5 million.
Alfa Financial Software Ecosystem, Partners, Resellers and SI
Alfa operates from ten offices located in London, Munich, Paris, Stockholm, Warsaw, Sydney, Auckland, Detroit, and Dallas.
Alfa Technologies has cultivated numerous trusted partnerships over the years, with the count increasing annually. Some of the companies collaborating with Alfa include Leasing Foundations, FLA, Leaseurope, ELFA, AFSA, and others.
In 2022, Alfa has disclosed a new partnership with ITDS, a dynamic European business and IT consultancy, for the deployment of the Alfa Systems software platform. Specializing in delivering effective solutions within IT engineers outsourcing, software integration, and fintech product development, ITDS serves the financial, fintech, eCommerce, and healthcare sectors. The collaboration leverages ITDS's expertise, blending accumulated experience with in-depth knowledge of new technologies and business processes to unlock new opportunities. The joint efforts of ITDS and Alfa aim to facilitate the seamless implementation of Alfa's cloud-native technology platform for asset finance providers.
In February 2020, Alfa Financial entered into a global partnership agreement with consulting firm Accenture. This strategic partnership is a pivotal element of Alfa's growth strategy. Collaborating with Accenture positions Alfa to accelerate efforts in providing digital leadership to customers.
Alfa Financial Software Cloud Infrastructure Insights
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- Alfa Financial Software Public Cloud and Infrastructure (IaaS)
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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