Alfa, provider of the Alfa Systems asset finance software platform, published a piece of industry research on how companies are embracing digitalization.

The report, “Digital Directions: Exploring digitalization in the asset finance industry,” was produced after a series of interviews with asset finance leaders globally to understand how they view digitalization, what their strategies are and which barriers they face.

In the report, Alfa summarizes these findings, sets out why digitalization might be slow for some and concludes by detailing five specific steps companies should take to accelerate the transformation.

Steve Taplin, digital lead and global sales director at Alfa, said, “The move to digitalization is challenging, and presents critical issues — particularly through the constraints of legacy systems — and the need to develop new skills. But the rewards can be significant.”

The report was launched at the Leasing Life Conference and Awards in Amsterdam.