Alfa announces Originations for US auto finance
The second of six releases that make up Alfa Systems 6, a breakthrough iteration of the Alfa Systems software platform, sets a new standard for excellence in US auto finance originations.
Alfa, a pioneer in technology for automotive finance, has announced the introduction of Total Originations for the US auto finance market, setting a new standard for excellence and marking a significant milestone for efficiency and sophistication in auto finance software solutions.
Total Capability, the second of six releases that culminate in the full launch of Alfa Systems 6 later in 2024, introduces Total Originations, an advanced originations product designed specifically for the US auto finance sector. Covering direct and indirect lending, from quoting to funding, Total Originations represents an integrated part of the Alfa Systems platform, offering customers the full spectrum of Alfa Systems’ best-in-class capabilities.
Watch Total Originations in action:
Emily Hammond, Alfa’s Head of Product, said: “We’re seeing a dynamic shift in the market landscape, with new asset types, increased accessibility to customer data, and the adoption of innovative technologies that drive automation. There is also a noticeable trend toward direct lending. In response to these evolving market needs, as well as customer feedback, Alfa has expanded the functionality of our originations product to position it as the premium solution.”
Andrew Denton, Alfa’s CEO, said: “Alfa’s originations functionality is already well established, serving notable brands with international reach. Total Originations offers further choice and versatility, allowing finance providers to design their own lending capabilities, releasing valuable resources to focus on more complex, higher-margin transactions. Empowering lenders with unparalleled functionality, and upholding our commitment to enabling excellence in both direct and indirect lending, Alfa continues to set industry standards.”
Efficiency, the first release in Alfa Systems 6, introduced Compose: superpersonalized screen design. The third release, satisfying emerging business models driven by net-zero and ESG regulation, will be entitled Sustainability. Alfa Systems 6 is frictionless for existing customers.
About Alfa
Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990.
Our best practice methodologies and specialized knowledge of asset finance mean that we deliver the largest and most complex systems transformation projects. With an excellent delivery history of more than three decades in the industry, Alfa’s track record is unrivaled.
Alfa Systems, our class-leading technology platform, is the heart and lungs of some of the world’s largest and most progressive asset finance providers. Satisfying leasing software requirements of all sizes, the cloud-native Alfa Systems represents an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.
Alfa Systems supports both retail and corporate business for equipment, automotive, wholesale and dealer finance, including originations, servicing and collections. It manages both high-volume transactions and complex leases and loans, in any region, language and currency. Fully extensible and providing real-time insights, integrated workflow and business rules, alongside business decisions driven by machine learning, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.
With over 30 current clients and 38 countries served, Alfa has offices all over United States, Europe and Asia-Pacific. For more information, visit us at alfasystems.com or on LinkedIn.
