CHP Consulting has announced the release of version 5.3 of ALFA Systems, its asset and automotive finance software platform.

Some of the new functional highlights of the updated platform include: increased system automation in key, high-volume processing areas, such as in-life contract changes and end-of-term processing, enhanced migration capabilities, augmented data segregation, more effective user-configurable business rules, as well as additional web services.

“ALFA v5 continues to be the platform of choice for asset finance operators,” said Steve Taplin, CHP’s global sales director. “As well as these many new features we’ve made advanced improvements to performance and benchmarking, added a raft of supportability features, and continued to invest considerable time and effort in research and development. We continue to take on more clients of all sizes.”

In addition to the launch of the new version of ALFA Systems, CHP will also expand its London headquarters and open an office in the Detroit area.

“After five years at Gresham Street we are delighted to have secured Moor Place as CHP’s headquarters for the next ten years,” said Michael Mayes, client relationship director at CHP Consulting, of the expansion in London. “It’s a reflection of our continued success that we need to double our floorplan as we take on new clients and staff.”

The new office in North America will be in Birmingham, MI, which is a suburb of Detroit.

“With our ALFA Systems in greater demand than ever, we are continuing our expansion in the USA with several exciting new projects underway,” said Richard Raistrick, director of operations in North America said of the planned expansion into Detroit. “The new location in Birmingham demonstrates our strong growth and long-term commitment to the North American market.”