Global Finance Software Leader CHP Consulting Secures Textron Financial Corporation As First North American Client

Global Finance Software Leader CHP Consulting Secures Textron Financial Corporation As First North American Client

Chicago, IL (PRWEB) March 2, 2006

CHP Consulting Ltd., the leading provider of software and services to the global asset finance industry, has announced that it has secured its first client in North America – diversified commercial finance company Textron Financial Corporation of Providence, R.I.

CHP is installing its ALFA Systems technology platform to support Textron Financial’s Golf Equipment Finance Division and the Textron Financial subsidiaries of Cessna Finance Corporation (CFC) and Textron Business Services, Inc. (TBS). Together these entities finance more than 300,000 assets annually. The Golf Equipment Finance Division finances E-Z-Go golf cars and Jacobson turf care equipment, while CFC finances Cessna airplanes, Bell helicopters and other aircraft. TBS provides portfolio servicing for leasing companies, banks, and portfolio managers.

Installation of the CHP ALFA Systems software platform is currently underway. CHP is partnering with Capgemini U.S. LLC, which will be providing project integration and related services during the installation.

“North America is very important for us and we’re very pleased with the interest we’ve received in the ALFA Systems platform since entering this market less than a year ago,” said CHP Director Andrew Denton. “We’re providing Textron Financial with a unique, end-to-end, enterprise software platform to manage all aspects of its leasing operations with these business units. This is but the first of many expected client engagements in the United States and Canada.”

Denton noted that founding CHP Director Justin Cooper and Project Manager Malcolm Gordon have relocated to the United States to manage the installation process and provide ongoing support to Textron Financial and future CHP clients here. Cooper and Gordon will be working closely with Steve LeBarron, CHP Vice President of Marketing in North America.

“CHP has a very impressive track record and we are very pleased with the progress of the project. CHP is very committed to the U.S market place and their product really stands out in this market. Key requirements for us were lease and loan capability, end to end processing and proven delivery for businesses like Textron – ALFA ticks all these boxes,” said John Salvator, Vice President TBS.

About Textron Financial Corporation

Textron Financial is a diversified commercial finance company with $ 9 billion in managed receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company, Textron Inc. Additional information about the company is available at http://www.textronfinancial.com.

About CHP Consulting

CHP Consulting has been delivering system solutions to the leasing and asset finance industry since 1990. With more than 140 employees worldwide, CHP has great expertise in the industry and a first-class delivery record. Its flagship product, ALFA Systems, provides dedicated support for equipment finance, consumer finance, asset management, vehicle finance and structured finance. It is used by clients in the United Kingdom, Europe, Australia and North America. These include RBS Lombard, HSBC, Nissan Finance, Lloyds TSB, Royal Bank of Scotland, Société Générale, ING Lease, Investec, Textron Financial and Commonwealth Bank of Australia. For more information, visit http://www.chpconsulting.com.

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