Alfa Financial Software Hldgs PLC Contract (9167E)
March 04 2020 - 2:00AM
UK Regulatory
TIDMALFA
RNS Number : 9167E
Alfa Financial Software Hldgs PLC
04 March 2020
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
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
John Miller, Interim Chief Financial
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Matt Low +44 (0)20 7353 4200
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 .
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END
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