Published on 15 December 2009

Steve Taplin, associate director at CHP Consulting told Asset Finance Europe that ALFA Wholesale Finance is a web-deployed system that is specifically aimed at lenders seeking to provide wholesale stocking funding to vendors. It offers customised web views for both internal and external users and allows the business processes involved in wholesale funding to be delivered seamlessly to all parties.

He said: “It offers a single view of the dealer, including its wholesale and retail businesses and their respective credit facilities. It comes with straight-through processing and seamless transfer of the asset from wholesale to retail. It includes an implicit anti-fraud process since each asset is uniquely identified. This allows detection of retail funding of an existing wholesale-funded asset.”

“It allows the netting of dealer receivables against payables and a determination of whole-life asset profitability. The fact that it is web based permits dealers and auditors a full self-service capability.”

External users – such as dealers, suppliers and auditors – can access ALFA Wholesale from anywhere, view their inventories and quickly and easily manage transactions associated with their accounts. This reduces or eliminates entirely the need for costly manual processes and resources.

Taplin added that ALFA Wholesale Finance can run on a standalone basis – or be integrated with other ALFA Systems’ modules such as CHP’s workflow and business rules engine. It supports all asset types as well as possessing specialised functionality to support automotive business, such as integrating with external asset guides. It also contains automated asset upload capabilities, the ability to create and manage multiple interest rate and fee structures, and real-time credit line monitoring. “These, he stressed, “all combine to make ALFA Wholesale a complete wholesale solution. It is currently being implemented with two clients in the Asia Pacific area.”

The above was published online by Asset Finance Europe on 4 December 2009.
Reproduced by permission of the publisher.