CHP Consulting’s ALFA v5 solution has been selected by a major Nordic bank, the lease software specialist announced last month.
This is the first new implementation of ALFA v5 following the release of the latest version of the software in late 2009.
CHP Consulting said its flagship solution was chosen as “the group-wide software platform of the client organisation”, supporting a portfolio comprising 130,000 agreements with a total asset value of more than SEK30bn (€3.2bn).
CHP sales and marketing director Andrew Denton said: “This new partnership demonstrates our increasingly successful push into Europe.
“We are really enthusiastic about v5 and now we are starting to see genuine take-up in the market. We are expecting to announce two more new customers soon.”
ALFA v5’s open architecture allows integration into the bank’s existing operating environment.