Alfa has announced a significant new release of its class-leading software platform for asset finance, Alfa Systems.

Alfa Systems 5.6 brings together 18 months of important new features, and its highlights include a comprehensive redesign of the user experience; Alfa Start, a new preconfigured edition of the software; and tools to enable the transition away from LIBOR and similar interest calculation rates towards new, risk-free rates such as SONIA and SOFR. The release also introduces usage-based billing and cash accounts, among many other features and enhancements.

“I’m delighted to announce the latest release of Alfa Systems. It includes an exciting overhaul of the entire UI and user experience, designed in close collaboration with our end users and following the Design Thinking methodology,” said Andrew Denton, Alfa’s CEO. “In usage-based billing and cash accounts, we’ve introduced some vital product changes to give asset finance businesses more flexibility in the way they do business in their market.

“We’ve also introduced Alfa Start, a preconfigured offering to get projects up and running quickly. Alfa continues to help people in asset finance operate efficiently and competitively.”

Read Top Features in Alfa Systems 5.6 to find out more about the new features and improvements, including some important technical innovations.