Alfa Start for UK Equipment Finance
The class-leading Alfa Systems software platform, rapidly delivered at entry-level cost.
Using a predefined, best-practice configuration and process catalogue, Alfa Start allows UK-based equipment finance operations of all sizes to take full advantage of the multi-featured, market-leading Alfa Systems platform.
Our innovative rapid delivery model has been implemented successfully at various progressive equipment finance providers and challenger banks.
To go from signing contracts in late November to live for new business by early March was achieved through the joint efforts and determination of a spectacular team. Russ Fitzgerald, Chief Information Officer, HTB
Rapid implementation methodology
The Alfa Start methodology focuses on a quick, efficient implementation which can reach live production in as little as 22 weeks.
Testing is performed iteratively throughout, with the out-of-the-box solution used at every opportunity. The fewer changes are made, the faster the delivery.
Lean operations taking on Alfa Start’s best-practice parameters and processes can quickly leverage the proven functionality and performance for which Alfa Systems has become renowned.
The partnership with Alfa has been incredibly productive and we have been amazed at the speed of this project. Alfa’s delivery has been so much faster than any other project or implementation we have tried, and the core functionality is making a huge difference to our operational efficiency. Daniel Bailey, Executive Director, Arkle Finance
Predesigned process catalogue
Alfa Start features a fully documented, comprehensive process catalogue that reflects established industry best practice.
More than 20 middle- and back-office business processes are configured across a standard suite of products, each supported by predefined workflows, business rules, document generation and user roles.
Processes are grouped into originations, in-life servicing, billing and cash management, collections, asset management and maturity and terminations.
Guidance on each is provided by a Process Description Document and a process map in industry-standard BPMN (Business Process Map Notation) format.
By choosing Alfa Start, we were able to utilise the system’s existing set-up and best-practice behaviour to give us a head start, rather than spending time and effort taking a blue-sky approach to definition. Alfa’s comprehensive documentation was highly valuable, especially around workflow and collections - which was thrust into the spotlight by Covid. Robin Jeffery, Head of Transformation, HTB
Preconfigured start position
Alfa Start includes a preconfigured instance of Alfa Systems with business-ready core configuration.
In order to support business processes and the daily running of the Alfa Systems platform, this static configuration includes best-practice behaviour for companies, products, fees and billing, contract and asset settings, as well as general ledger accounts and mappings - all of which are fully documented.
The start position, process catalogue and associated documentation benefit clients of all sizes as a project accelerator, enabling faster implementations.
With Alfa Start we have full control over product configuration, enabling us to deliver flexible lending products to meet the needs of our clients. As well as this, fundamental tools like business processes and reports - instead of being a hindrance - provide us and our partners with greater insight. Daniel Bailey, Executive Director, Arkle Finance
Alfa Start includes a suite of out-of-the-box integrations to enable trouble-free assimilation of Alfa Systems into your systems landscape, quickly and efficiently.
These include new-business workflows with external credit decision engine integration, as well as standard UK integrations such as Experian, QuickAddress and Bank Wizard, as well as payments through BACS, CHAPS and Faster Payments.
These are accompanied by customisable integrations, which provide simple, flexible, dedicated endpoints for your own systems.
Furthermore, Alfa Start provides all the tools and processes required to leverage the power of your systems by exposing and orchestrating their APIs. Alfa Systems' own broad, highly granular API catalogue allows full control of the contract lifecycle and associated processes, and can be controlled and driven by external systems.
Alfa Systems gives us key API capabilities that weren’t available in our legacy platform, enabling us to launch a wider range of new products to the market, improve speed and efficiency, and offer a significantly improved service to our brokers and their customers. Paul Bartley, Managing Director, Specialist Business Finance, HTB
Hosting and upgrades
Alfa Start customers benefit from an always-on cloud-hosted solution with fully managed infrastructure, as well as regular upgrades that include newly developed Alfa functionality.
Alfa acts as a Managed Server Provider, providing dedicated test and production environments, and proactively managing the Alfa Systems platform on your behalf.
This removes infrastructure requirements and enables Alfa Systems test environments to be provisioned from day one.
Alfa Systems is so easy to configure that we don’t need to be technical experts in it; we have the partnership with Alfa, and this enables us to be experts in our own products and our own market. Robin Jeffery, Head of Transformation, HTB
Get Started with Alfa Start
Alfa Start’s ‘cookie-cutter’ approach is designed to accelerate systems change for lean businesses, maximising value and minimising risk.
Each time we deliver Alfa Start, we feed our experience back in to expand the offering - while always challenging the implementation timeline.
This investment in technology kick-starts our digital revolution and gives us the operational platform we need to enable our future growth and maintain high levels of service. We are committed to providing our partners with a quick and simple journey from proposal to payout. The partnership with Alfa gives us greater capability and automation of routine tasks, accelerating servicing and allowing us to free up skilled people. Nathan Mollett, Head of Asset Finance, United Trust Bank
Equip your operation to innovate and challenge in the equipment finance space - fast.