Alpha Finance

Alpha Finance is the platform of optimization of financial transactions of clients of bank.

The solution combines properties of electronic document management (EDI - Electronic Data Interchange) and online banking "in one window".

The implemented functionality helps the client:

• synchronize bank and trade document flow;
• communicate along with several partners and bank;
• use electronic legally significant documents.

Use of the Alpha Finance platform provides the companies of advantage:

• acceleration of a goods turnover
• integration with ERP systems
• exception of paper archives
• minimization of tax risks
• use of electronic document management between business partners
• increase in working capital turnover due to use of electronic factoring.

"Alpha Finance" gives the chance to corporate clients:

• automate working capital management,
• reduce logistical risks,
• arrange document storage due to automation,
• accelerate process of receiving financing
• provide economy on squares under archives.

2016: Alfa-Bank and E-COM integrated electronic factoring platforms

Alfa-Bank and E-COM, the operator of electronic document management adjusted direct data exchange between electronic platform of bank Alpha Finance and service of electronic document management FactorEX (E-COM). The integration purpose — to open access to clients of E-COM to factoring financing. Alfa-Bank is included into top three of the Russian market of factoring, the first in Russia developed and started technology of electronic factoring. Failure from "paper" when factoring reduces operating expenses of the company, it does factoring by the available instrument of replenishment of working capital even for rather small supplier companies.

"We go the way integration of the main EDI providers on our platform that the companies which connected the processes with different providers had equal access to factoring. Besides, thus we expand opportunities for our debtor clients on work with suppliers" — Andrey Ganin, the Managing director for factoring of Alfa-Bank notes.

On electronic factoring platform Alpha Finance suppliers, buyers and bank exchange documents in electronic form. Thanks to it, the term of start of one transaction decreased on average for 20-30 days and is about 10 working days, the standard document package for receiving factoring decreased from about 15 documents to everything 5, the number of necessary visits to bank — to one.

"Due to cooperation with the Alpha we provide higher level of service to our clients — the head of FactorEx Anton Shevchenko notes. – One of the largest private banks is interesting to the enterprises of the most different spheres. E-COM companies clients which implemented at themselves a complete chain of electronic exchange of documents from the order to the electronic invoice thanks to it get approval on financing in 98% of cases".

2015: Alfa-Bank started service Alpha Finance

On April 7, 2015 the herd is known of start of Alpha Finance service by Alfa-Bank bank.

The solution provides implementation of electronic document management and online of banking at the same time. Clients can synchronize bank and trade document flow, contact at the same time to several partners and bank, to use electronic legally significant documents.

Factoring (market of Russia)

Основная статья: Factoring (market of Russia)