Alfa Financial Software Hldgs PLC Change of auditors and date of interim results (6835T)
July 22 2020 - 01:00AM
UK Regulatory
TIDMALFA
RNS Number : 6835T
Alfa Financial Software Hldgs PLC
22 July 2020
22 July 2020
Alfa Financial Software Holdings PLC
Change of auditors and confirmation of date of interim
results
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry, is pleased to announce that, following a thorough
competitive tender process, it has appointed RSM UK Audit LLP
("RSM") as auditor with immediate effect.
RSM replaces Deloitte LLP ("Deloitte") which has formally
resigned and has confirmed that there are no reasons or matters
connected with its ceasing to hold office as auditor which it
considers should be brought to the attention of the members of
Alfa.
RSM will conduct the audit of Alfa's financial statements for
the financial year ending 31 December 2020 including the 2020
interims. The appointment of RSM as auditor for the following
financial year will be subject to approval by shareholders at the
next Annual General Meeting of the Company to be held in 2021.
Partnering is a key component of our strategy and we see
increasing opportunities for partnering, not only with our existing
partners, but also with other service providers. To ensure that we
can work with the widest range of partners possible, Deloitte which
is one of the leading service providers to the global asset and
automotive finance market, was not considered as part of the tender
process for our audit.
There will need to be a transition between Deloitte and RSM
which will then perform a review of results for the six months
ended 30 June 2020. We therefore anticipate that the interim
results will be announced on Tuesday 29 September 2020.
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
Duncan Magrath, Chief Financial
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Matt Low +44 (0)20 7353 4200
Notes to Editors
Alfa has been delivering systems and consultancy services to the
global asset and automotive finance industry since 1990. Our best
practice methodologies and specialised knowledge of asset finance
facilitates our delivery of large software implementations and
highly complex business change projects. With an excellent delivery
history over nearly three decades in the industry, Alfa's
experience and performance 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 implementation is Alfa Systems'
ability to replace multiple client systems on a single platform.
Alfa Systems 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, Alfa Systems provides compelling
solutions to asset finance companies.
Alfa Systems is currently used by customers or has live
implementations in 26 countries and Alfa has offices in Europe,
Australasia and North America. For more information, visit
www.alfasystems.com
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END
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