Digitization of Auto-lending Process
Universal Financial Company is an auto-financing company providing simple, affordable, no-hassle financial services to dealers and their customers.
About The Client
Universal Financial Company is an auto-financing company providing simple, affordable, no-hassle financial services to dealers and their customers.
Industry
Financial Services
The Business Need
- The client company was looking to convert the auto lending cycle from a manual process to a digitized functionality.
- A clear understanding of application workloads and how they can be moved to the cloud was strategized.
The Approach
- Customer saw immense value in leveraging the cloud for the workloads and modern application architecture.
- By connecting the Loan origination system and customer servicing system, the manual efforts have reduced almost to none.
- The company now leverages the proven Amazon’s infrastructure build around available solutions thereby reducing investment and maintenance costs.
The Impact
- Cloud-based approach not only offered scalability and flexibility across originations and services but has also redefined consumer experience with reduced costs.
- By establishing a cloud-centric approach, the company can more easily streamline operations and processes and make the most of their human resources.
- With digital and web interface they can now deliver new and better customer experiences backed by faster processing times, greater convenience, any time/anywhere availability, and a seamless flow of information that gratifies consumers.
- With Digitization the company now can continuously offer value-added services, evolve and simplify their services, and stay competitive by locking in customer value.
Being a leading auto-finance company, we wanted to adopt a ‘go digital’ strategy. We were looking to scale business and operational efficiency by automating our business processes. Scalex through its cloud-centric approach helped us in minimizing the manual effort by 94% through automation. Their range of services to refactor applications, data and infrastructure has helped us in innovating quickly by cutting operating costs, increasing business agility, and reducing time-to-market.
Tech Stack
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Scalex
Scalex is a digital engineering company that partners with startups and SMBs to provide end-to-end product development services by leveraging the power of digital technologies such as Mobile, Cloud, and Analytics.
Client Name
John Doe
Category
Cloud
February 28, 2020
Location
3690 Brownton Road, Mississippi