Colony American Finance's Transformation with Domo
Company Size
200-1,000
Region
- America
Country
- United States
Product
- Domo
Tech Stack
- Cloud-based Business Intelligence
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Digital Expertise
- Productivity Improvements
Technology Category
- Analytics & Modeling - Real Time Analytics
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Services
- Cloud Planning, Design & Implementation Services
About The Customer
Colony American Finance (CAF) is a specialty finance company that provides a range of debt products to residential real estate investors. The company offers portfolio and single asset term loans for stabilized rental properties as well as short term credit lines for acquisitions. CAF was founded in 2014 to finance single family, townhome, condo and small multifamily properties for customers nationwide. It has since closed over $2 billion in loans for nearly 20,000 properties. Its products are tailor-made for investors and it provides attractive rates, rapid timelines and closing certainty. The company works directly with borrowers as well as with brokers and correspondent partners.
The Challenge
Colony American Finance (CAF) was facing a significant challenge in managing and integrating data from various business and marketing platforms. The data was scattered across more than a dozen different cloud-based applications, making it difficult to consolidate and analyze. The company was in dire need of a tool that could bring all this data into a single location for easy access and analysis.
The Solution
CAF implemented Domo, a 100 percent cloud-based business intelligence solution. This platform allowed CAF to bring all its data into a single repository, eliminating the stovepipe reporting that was previously happening with Excel and Tableau. With Domo, everyone in the company was able to work from the same environment, using the same data and the same tool. The mobile experience with Domo was also highly responsive, quick, fast, and interactive, allowing people to have secure access to the data from anywhere.
Operational Impact
Quantitative Benefit
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