Alfa, provider of Alfa Systems, announced a major new upgrade with Close Brothers Asset Finance, which has offices across the UK, and in Ireland and Germany.

The implementation of Alfa Systems v5 for Close Brothers Asset Finance’s back-office operations represents the third and largest part of a comprehensive program of systems transformation in the business. The upgrade takes the client from Alfa Systems v4 to Alfa’s latest version, v5, allowing Close Brothers Asset Finance to benefit from Alfa’s rich pricing capability, workflow and easy integration.
Alfa Systems is a modern, cloud-based system that will bring a number of benefits to Close Brothers Asset Finance, most notably by providing an updated system which is easy to use, leading to an improved colleague experience. It will also enable faster, less expensive change while allowing the business to adapt to change more easily, removing bespoke process workarounds and manual processing.

Andrew Denton, CEO of Alfa, said: “Alfa and Close Brothers Asset Finance go back a long way, and as a progressive market leader they require effective and lasting systems support. We are delighted to be continuing the journey with them to help make their operation as efficient and successful as possible.”

Peter Millard, Commercial Director at Close Brothers Asset Finance, added: “Improving colleague experience is central to our requirements when considering investing in upgrades, and I’m confident the new version will deliver what we expect.”

The project represents the latest development in a relationship that goes back 16 years. Close Brothers Asset Finance has been a client of Alfa (previously CHP Consulting) since first engaged in 2005, going live the following year with Alfa Systems v4.

Close Brothers Asset Finance offers a range of flexible funding options including hire purchase, leasing and refinancing. It is a member of the Close Brothers Group.