Alfa Financial Software Holdings PLC has announced the release of Alfa Systems 6, which includes a Sustainability feature designed to address the evolving needs of the asset finance industry. This release aims to help customers track and report their portfolios' Scope 3 greenhouse gas emissions, in line with environmental concerns and regulations. The Sustainability feature offers capabilities to support new business models, manage the entire asset lifecycle, and comply with net-zero and ESG regulations.
The enhanced asset lifecycle management in Alfa Systems 6 allows for tracking and accounting of assets from origination to end-of-life, including inventory management for reuse and refurbishment processes. The platform also supports various subscription models, including on- or off-lease subscriptions, usage-based billing structures, and AI-driven software subscriptions. Additionally, it facilitates Everything-as-a-Service by managing multi-asset schedules and contracts, integrating financing and invoicing of essential add-on services into a consolidated billing line.
Alfa Systems 6 aims to help finance providers tackle challenges and seize opportunities in the industry. Existing customers can seamlessly subscribe to the new functionality as it is released or access it within the current suite of modules. The release also provides use cases for electric vehicles and green asset financing, along with further details on Scope 3 Reporting in Alfa Systems.
This initiative demonstrates Alfa Financial Software Holdings PLC's commitment to addressing the changing landscape of the asset finance industry, driven by environmental concerns and regulations.