Finance and Accounting

Whatever the nature of the transactions processed, we view financial rigour as the first priority in an asset finance system.

ALFA’s accounting is fully automated and can support complex financial structures. All accounting data is held at a contract or asset level, on a per-contract basis, allowing consolidated reporting and detailed reconciliation and compliance. For audit purposes, ALFA retains monthly balances and before-and-after images of contract restructures and terminations.

Each contract can be administered in multiple currencies. Multiple accounting treatments can be applied, including IFRS and local GAAP, for both income and expenses, by portfolio. ALFA has comprehensive support for sales taxes and duties, tax depreciation, and corporation taxes.

ALFA has integral general ledger and subledgers, with flexible mapping between the subledgers and your chart of accounts. While the general ledger can be used alone, it also interfaces with industry-standard external systems. Within the general ledger, accounting data can continue to be held at the contract level, which is especially useful for reconciliation if the data has been consolidated into a group-wide system.

A reconciliation and reporting suite provides flexible reporting by profit centre and business analysis code. Reporting can be consolidated across multiple entities with different year ends, while there is additional support for cash reconciliation, including off-system cash events and interfaces to specialist cash reconciliation systems.

ALFA’s treasury management functionality records all the details of your treasury portfolio, including loans, deposits and swaps, and provides support for the entire lifecycle of a treasury instrument.