Alfa, a provider of cloud-hosted IT services for the asset finance industry, has announced its partnership with UK equipment finance leasing company Arkle Finance Ltd.

Arkle engaged Alfa in October 2020 and went live in March 2021 with Alfa Start, targeting the UK small to medium-ticket equipment finance market. 

Alfa Start is Alfa’s out-of-the-box offering and was preceded by 24 weeks of scoping in its Arkle implementation, Alfa said. 

The preconfigured nature of Alfa Start offers a more cost-effective solution to Alfa System’s fully-tailored premier solution, without the need for additional process definition or configuration.

Daniel Bailey, executive director of Arkle Finance, said: “The partnership with Alfa has been incredibly productive and we have been amazed at the speed of this project. Alfa’s delivery has been so much faster than any other project or implementation we have tried, and the core functionality is making a huge difference to our operational efficiency. 

For example, with Alfa Systems we have full and immediate control over product configuration, enabling us to deliver flexible lending products to meet the needs of our clients. As well as this, fundamental tools like business processes and reports – instead of being a hindrance – provide us and our partner with greater insight. We see Alfa Systems as a platform for future growth, and we’re excited about the possibilities it offers us going forwards.”

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James Paul, Alfa’s chief delivery officer, said: “A strong relationship has been essential to the success of the implementation, both professionally and personally. 

“Arkle has been impressively open-minded, committed and decisive, embracing the Alfa Start methodology from the outset, and with senior stakeholders fully involved and on-board. 

“This success further endorses the Start model and makes the proposition more compelling for future prospects.”

This was Alfa’s second Alfa Start project for the UK equipment finance market, after Hampshire Trust Bank