CHP Consulting launches ALFA Systems 4.5

Chicago - 17 October 2006

CHP Consulting today announced the latest release of its ALFA Systems enterprise software platform for asset finance organizations.

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 more than 100 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; and,
- Superior reporting and control.

ALFA Systems meets the requirements of companies operating in the leasing, asset finance, vehicle finance and consumer finance industries. Since Version 1.0, more than 30 companies in the United Kingdom, 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.

“What’s really exciting about ALFA Systems 4.5 is the range of additional capabilities that address the most important issues facing the industry”, said Andrew Denton, Chief Marketing Officer at CHP Consulting. “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 a growing 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.”

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