Alfa Financial Software Holdings Regulatory News (ALFA)

15 October 2020

Alfa Financial Software Holdings PLC

First US Auto Start Go-Live

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry, today announces that a leading US Automotive Manufacturer has gone live on Alfa Systems in just under 23 weeks from the start of the project by using Alfa Start. This go-live is Alfa's fifth of 2020 and follows shortly after the launch of Alfa Auto Start in North America. The Company has also started work on its second Alfa Start project in the UK.

Andrew Denton, Chief Executive Officer of Alfa said:

 "We are delighted to see the successful go-live of our first US Auto Start client. It is really impressive to see how quickly this project has been delivered, particularly considering that deployment and implementation was delivered remotely. This achievement is down not only to the hard work and great collaboration between the customer and Alfa project teams, but also to the speed of delivery that can be achieved through US Auto Start which has a predesigned process catalogue and a suite of pre-configured integrations. As with all Alfa Start projects, this delivery was enabled by our Alfa Cloud hosted environment, an always-on, cloud-native solution with fully managed infrastructure and regular upgrades.

We are pleased with the progress we have made with all of our strategic accelerators this year: Alfa Start, Alfa Cloud Hosting, partnerships, and technological leadership through the release of Alfa 5.6 and our entry into the artificial intelligence market with Alfa iQ."

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Notes to Editors

Alfa has been delivering software 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 delivery of large software implementations and highly complex business change projects. With an excellent delivery track record spanning three decades, Alfa's experience and performance is unrivalled in the industry.

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 customer systems with our 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 is currently used by customers or has live implementations in 26 countries and Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com.