CHP Consulting extends strategic partnerships in US
LONDON--CHP Consulting, provider of the ALFA Systems software platform for asset finance, has announced a number of new and recent affiliations in the US auto and equipment finance industry.
As a major player in the space, CHP counts three of the largest and best-performing US auto finance companies among its clients, one of which recently went live. CHP has extended the following partner relationships to support this fast-growing geographic footprint:
• A member of various key committees at the Association of Consumer Vehicle Lessors (ACVL), the trade association of major retail automobile lessors, whose mission is to promote retail automobile leasing; eliminate unfair and deceptive trade practices; increase the effectiveness of members as competitors; and enhance the public understanding of and satisfaction with automobile leasing.
• Three-star Premier Partner status with the American Financial Services Association (AFSA), the national trade association for market-funded providers of financial services to consumers and small businesses, which promotes safe, ethical lending to responsible, informed borrowers and improves and protects consumers’ access to credit.
• An Associate Member of the Consumer Bankers Association (CBA), a US trade organisation representing financial institutions that offers retail lending products and services, including automotive financing. Like other bank trade associations, the CBA is involved in staying on top of and communicating issues within the industry through its 10 committees, which include an Auto Finance committee.
Robert Johnson, CHP Consulting’s Global Automotive Finance Director, said: “As our vehicle finance business grows in the US, it is important we support the trade associations that protect and promote our industry. Listening to the needs, wants and concerns of members of these associations will allow us to continually update our platform, ALFA Systems, with relevant features and functions.”
CHP is also a long-standing member of ELFA, which represents financial services companies and manufacturers in the US equipment finance sector; the ELFA Foundation, which conducts and commissions research about the future of the equipment lease financing industry; and the Canadian Finance & Leasing Association, which represents the asset-based financing, equipment and vehicle leasing industry in Canada.
CHP Consulting has been delivering systems and professional services to the global automotive finance industry since 1990. Our best practice methodologies and specialized knowledge of asset finance mean that we deliver the largest system implementations and most complex business change projects. With an excellent delivery history over our 26 years in the industry, CHP's track record is unrivalled.
ALFA Systems, our class-leading technology platform, is at the heart of some of the world’s largest asset finance companies. Key to the business case for each ALFA implementation is its ability to consolidate multiple client systems on a single platform. ALFA supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, the opportunities that ALFA presents to asset finance companies are clear and compelling.
CHP has offices in London, Detroit and Sydney.