Alfa Financial Software Hldgs PLC Contract (9534H)
March 30 2020 - 2:00AM
UK Regulatory
TIDMALFA
RNS Number : 9534H
Alfa Financial Software Hldgs PLC
30 March 2020
30 March 2020
Alfa Financial Software Holdings PLC
New contract win
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry, is pleased to announce a new contract win with a
top-10 ranked US vehicle manufacturer.
We expect this new contract to rank in the middle tier, by
monetary value, relative to other Alfa implementations. The
agreement, which is with an existing customer, includes consultancy
services to deliver an implementation of Alfa Systems and a
multiple-year Alfa cloud-hosting arrangement. Revenues under this
contract provide further comfort over the Company's plans for 2020
and beyond .
Andrew Denton, Chief Executive Officer of Alfa said:
"We are excited to announce this new contract win which is our
second with a major US auto manufacturer in 2020 and cements our
position as a leading provider of software to the US auto leasing
industry."
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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