Multijurisdiction features in Alfa Systems cover all of the languages, currencies, and accounting standards required by a complex, geographically dispersed business.
A multicountry rollout of new software is a complex undertaking. At Alfa, one of our key strengths is understanding the unique challenges this entails. We are adept at minimizing the complexity, and futureproofing your multijurisdictional operations.
Alfa Systems’ multicountry functionality enables asset finance providers to use one platform across multiple companies and jurisdictions. By consolidating existing systems onto the Alfa Systems platform, our clients ensure that their local operations are simplified and centralized, configuring companies differently according to local requirements, and removing the need for multiple, region-specific platforms. Key benefits include:
- Standardizing reporting and business intelligence
- All data on a single database
- Centralizing and harmonizing business operations
- Unifying systems
Alfa Systems is multilingual with Unicode support, meaning that business practices and processes can be utilized by end users in any country with no language barriers. Meanwhile, multicurrency functionality enables businesses to operate seamlessly across different geographies.
Through its multiregulatory features, Alfa Systems supports any number of different accounting standards for different companies, generating full accounting and reporting for both local and international standards.
Alfa Systems was the cornerstone of our four-year, multi-phased project, which successfully harmonized and simplified systems and business processes across the continent.”
Thanks to extensive documentation and comprehensive application ownership, Alfa provides clients with the self-sufficiency to grow and expand. This enables clients to add new countries or regions to their operations whenever they choose. Currently, one global bank is using Alfa Systems in 10 countries, and adding more countries each year without our assistance.
Alfa’s experience in assisting with multicountry implementation strategies sets us apart from our competitors. We have many such operations running for our clients in both automotive and equipment finance. Additionally, our extensive experience unifying legacy systems enables us to migrate all existing data from multiple different sources and geographies onto Alfa Systems.
As a global bank which offers automotive finance in many countries, our requirements are complex. Today we run our operations on a stable, performant, extensible and futureproof platform throughout Europe and beyond. The platform is harmonized and operates on a truly global basis, and is ready for new regions to be incorporated.”
Another of our current implementations, for a major transportation business, is joining 14 countries on the same database across Western and Eastern Europe. Meanwhile, we are working with a Tier 1 European bank which has started a full roll-out in seven western European countries. Our strong multicountry delivery track record is why this household name chose Alfa.