Alfa Financial Software Hldgs PLC Contract (8146T)
19 Novembre 2019 - 08:00AM
UK Regulatory
TIDMALFA
RNS Number : 8146T
Alfa Financial Software Hldgs PLC
19 November 2019
19 November 2019
Alfa Financial Software Holdings PLC
New contract win
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
the market-leading developer of software for the asset finance
industry, is pleased to announce a new contract win with the German
subsidiary of a major international bank. The bank is one of the
largest automotive finance providers in Germany.
As detailed in the Company's H1 results announcement,
implementation work has been delivered throughout 2019 under
successive letters of engagement and this work will continue under
the new agreement. We expect this new contract to rank in the upper
tier by monetary value relative to other Alfa implementations.
Revenues from the first phase of the implementation programme are
already built into the Company's forecasting assumptions and
therefore this contract provides a further underpin to the
Company's expectations for 2019 and 2020.
Andrew Denton, Chief Executive Officer of Alfa said:
"We are delighted to cement this important relationship with a
globally respected consumer finance leader. The project broadens
Alfa's geographical footprint and continues the Company's portfolio
diversification by adding support for German automotive finance. We
are excited to work with this key customer on its ambitious
roll-out plans as well as its innovative and disruptive approach to
consumer finance."
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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