CHP Consulting has released the second update to its flagship asset and automotive finance software suite ALFA Systems v5.

Version 5.2 of the web-based platform will have increased volume capability and feature new compliance controls as well as a weekly rentals function and enhanced simple interest accounting, according to the firm.

The latest update will also feature greater integration and interaction capability with other web-based services most commonly used by the asset finance industry including tax software suite Vertex.

The programme will also include more highly developed functionality specifically designed for the North American market.

Richard Raistrick, marketing director at CHP Consulting, said: "This new release builds on the idea that your asset finance platform should enhance your business rather than merely fit into it, and ALFA’s underlying strengths in workflow and user efficiency continue to streamline and standardise business processes for our clients across the globe."

ALFA Systems v5 was launched in 2009 with the first update, v5.1, released in 2011.