Published on 01 April 2008

This release further extends the wide functional coverage of CHP’s flagship product suite, ALFA Systems.

ALFA Wholesale is a web-deployed module that supports the complex and demanding requirements of businesses offering wholesale and floorplan finance products. In keeping with the deep functionality that is standard in ALFA Systems, the new module provides unrivalled end-to-end coverage for the unique needs of the wholesale floorplan industry.

Offering customised web views for both internal and external users, the system enables the sophisticated business processes that surround wholesale finance to be delivered seamlessly to all parties, in a simple interface with real-time data. External users - such as dealers, distributors and auditors - can access ALFA Wholesale from anywhere, view their inventories, and quickly and easily manage transactions associated with their accounts, thereby reducing or eliminating entirely the need for costly manual processes and resources.

Andrew Denton, CHP's Sales and Marketing Director, commented: "The new wholesale functionality can be run standalone, or integrated into ALFA's powerful workflow and Business Rules Engine. Either way it benefits from the rock-solid financials and flexible reporting capabilities that are ALFA's cornerstones. And because ALFA operates using a single shared database, finance companies can run their entire business using a single, integrated system."

The ALFA Wholesale module provides support for all asset types, as well as specialised functionality to support the motor business, such as integration with external asset guides. Automated asset upload capabilities, the ability to create and manage multiple interest rate and fee structures, and real-time credit line monitoring all combine to make ALFA Wholesale a complete wholesale finance solution. ALFA Wholesale will be deployed initially to two clients in the Asia-pacific region, and implementation in other territories is on schedule for later this year.