Lendio's Implementation of Domo for Real-Time Business Insights
Company Size
200-1,000
Region
- America
Country
- United States
Product
- Domo
Tech Stack
- Data Aggregation
- Real-time Reporting
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Digital Expertise
- Productivity Improvements
Technology Category
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Real-Time Location System (RTLS)
Services
- Data Science Services
About The Customer
Lendio is a company based in South Jordan, UT, operating in the financial services industry. The company's primary aim is to fuel the American dream by helping business owners get access to financing. To achieve this, Lendio aggregates best-in-class lenders into a simple online platform that brings all loan options together in one place. This approach allows business owners to find the best financing options for their needs quickly and efficiently.
The Challenge
Lendio, a company that aggregates lenders into a simple online platform, was facing challenges due to a lack of quality data. The company had limited visibility into multiple data sources, which led to outdated reporting. They needed the ability to look at all data sources in one place to get a real-time view of the business. Additionally, they wanted an option that allowed everyone in the office to create and view reports on their own.
The Solution
Lendio implemented Domo, a data management platform, to address their challenges. With Domo, the company's CEO could look at the organization from a big picture perspective and also drill down into the details to see which leading factors were resulting in performance. This visibility was available in real-time, both on the desktop during the day and on mobile at night. Domo also allowed the team to take ownership of results through a concept called line management. This approach defined what an impact was with a line and allowed employees to execute to that line using real-time data in Domo. Furthermore, Domo enabled everyone to build reports and make decisions on their own without having to rely on the tech team.
Operational Impact
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