Published on 16 October 2006

Version 4.5 builds on ALFA's core strengths of end-to-end integration, flexible sales channel support and workflow automation, and demonstrates CHP Consulting's commitment to providing its clients with a long-term solution which stays at the forefront of technological innovation. This release represents over 100 more man-years of development and its many enhancements strengthen ALFA's position as the leading enterprise software platform on the market.

Key areas of functionality include:

* Web portals for new business origination
* Improved user productivity features
* Enhanced workflow and business process management functionality
* Added support for international asset finance markets
* Further financial and value-added product capabilities
* Superior reporting and control

ALFA Systems meets the requirements of companies operating in the asset finance, vehicle finance and consumer finance industries. Since Version 1.0, more than 30 companies in Europe, North America and Australia have selected ALFA as their core processing platform. ALFA covers the full business lifecycle, from web-based origination and pricing, through in-life processing and customer services to end-of-agreement asset disposal - all in a single, robust, high-performance application. ALFA is used to finance more than five million assets worldwide, worth an estimated $100 billion.

Andrew Denton, sales and marketing director at CHP Consulting, said: 'What is really exciting about ALFA Systems 4.5 is the range of additional capabilities that address the most important issues facing the industry. The asset finance sector has a global outlook, and our customers and prospects require a system to support their businesses on this scale. At the same time, the industry has an ever-increasing focus on the management of the asset and associated services, particularly in the vehicle sector, as well as strong growth for e-business channels and an amplified compliance burden. All these issues demand more from a company's technology platform and, with this new release, we've delivered an improved platform already proven to do this on three continents'