CHP Consulting and Capgemini today announced that CHP’s ALFA Systems technology platform has been in full production use by Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), since February, and has now successfully completed a six month review of live operations.
Published on October 01 2007
CHP’s fully operational, end-to-end lease and finance software system currently supports Textron Financial’s Golf Equipment Finance Division, which finances E-Z-GO golf cars and Jacobsen turf care products, as well as other vendor equipment portfolios.
"This was a typical ALFA Systems implementation, spanning a year from the time we signed the agreement with Textron Financial to successfully launching the platform," said Justin Cooper, President, CHP North America. "Key to this timetable was the configurability, flexibility and completeness of ALFA Systems, especially as we migrated deal data from multiple existing systems across the deal lifecycle."
"We worked closely with the client, particularly their information technology experts, during this process to ensure the implementation went smoothly and that ALFA met all of their needs, including compliance with US GAAP and Sarbanes Oxley requirements."
Cessna Finance Corporation, a Textron Financial subsidiary, will also be using ALFA Systems in the near future. Together, these Textron Financial business units finance more than 300,000 assets annually, and all personnel have been trained to use the ALFA Systems platform. Textron Financial is now working with CHP to deploy a secure ALFA Web portal that will provide class-leading customer service and origination services to customers and vendors online.
"It is our mission to grow the business significantly, both organically and by expanding our relationships with vendors," said John Salvator, the project manager for Textron Financial. "This project is critical to building our future as ALFA streamlines both our front- and back-end processes. Having this single system in place will help us grow the top line, deliver business process efficiencies and enhance our customer service capabilities."
CHP and Capgemini jointly delivered the implementation and related services during the Textron Financial installation.
"It has been quite a long time since a top tier lessor has successfully implemented a new system in the U.S. market – this is a game-changing event," said Capgemini’s Cameron Krueger. "The Textron Financial, CHP and Capgemini team deserves a lot of credit for executing this project collaboratively. ALFA is a robust platform from which Textron Financial can continue to execute as a best-of-class company."
CHP has a permanent North America-based support team in place for future assistance with the system, led by Cooper and Vice Presidents Malcolm Gordon and Steve LeBarron.