Alfa Systems 6: Fully Realized

On the road to net-zero, business leaders are increasing their focus on sustainability. Regulatory, supplier, and consumer pressures are initiating changes to reporting, financial products, and compliance. Alfa is working closely with all its clients, large and small, to support their transition to EVs, usage-based pricing, and more sustainable financing business models - including Scope 3 Reporting, already made available as a complementary add-on for current and prospective Alfa customers.

There is a greater focus on the circular economy and maximizing value from the asset lifecycle. With the asset at the centre, there is more attention on remarketing and facilitating company fleets, as well as short-term and usage-based rentals that allow customers to take more expensive alternatives. In automotive, there is a focus on extending the vehicle’s life and subsequent recycling or refurbishing.

If regulatory change is going to bring about more environmentally responsible investment strategies, credit and financing models need to transform first. To accelerate the road to net-zero, green asset financing needs to be incentivized and - although there’s potential for a higher level of risk - it also needs to offer a higher level of reward.

Right now the global market is sparing and risk-averse in nature, with budget becoming more elusive - and the indications are that we will see more of the same in 2024. Operators are obliged to find ways to reduce their costs, particularly in areas like systems ownership, by deploying cloud-native applications and accelerated, preconfigured implementations.

We’re seeing a shift to usage-based products, more income-linked projects, and a greater understanding of residual values and more variable rates, as well as outcomes from…

Lockdown defaults have exposed a need for differentiated data and data modeling. This analysis has led to a gradual roll-out of complex credit decision rules, at different stages of the contract lifecycle. While already comprehensive in originations, more in-depth scrutiny is now being applied to regular supplier and dealer checks, contract amendments, and collections - as well as for feedback into data analysis. But what is the new normal? And how can data from Covid - with its artificial liquidity - and zero-interest rate environments help, in this era of uncertainty? Flexibility - both in configuration and of visibility - is key. Meanwhile, there is growing pressure to be…

Digital solutions with instant connectivity to both customer and broker mean customers demand 24/7 servicing power, in a world where scale is no longer an excuse. Cloud-native, extensible technology, with flexible and configurable product structures, is enabling scale as and when it is needed. Which in itself requires a focus on…

Investment in core architecture must be balanced alongside enticing new features. While nimble start-ups offer niche functionality and add-ons, only easy-to-operate, no-code integration platforms provide the speed and flexibility to capitalize on them. Meanwhile, the core platform is allowed to drive and orchestrate the ecosystem. But just be careful of…

Growing regulatory complexity necessitates further traceability, agility, and automation of financial transactions; while assurance is being sought in secure single-tenant SaaS environments.