Domo Case Studies Colony American Finance's Transformation with Domo

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	Colony American Finance's Transformation with Domo Domo

Colony American Finance's Transformation with Domo

Domo

Technology Category	Analytics & Modeling - Real Time Analytics
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

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.

About 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.

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.

Impact #1	Domo provided a single data repository, eliminating stovepipe reporting.
Impact #2	The mobile experience with Domo was very responsive, quick, fast, and interactive.
Impact #3	Domo empowered teams to do their own analysis, queries and research, going beyond their job responsibilities.

Impact #1

Domo provided a single data repository, eliminating stovepipe reporting.

Impact #2

The mobile experience with Domo was very responsive, quick, fast, and interactive.

Impact #3

Domo empowered teams to do their own analysis, queries and research, going beyond their job responsibilities.

Benefit #1	Achieved total ROI within the first 90 days of the initial rollout of Domo.

Benefit #1

Achieved total ROI within the first 90 days of the initial rollout of Domo.

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Overview

Colony American Finance's Transformation with Domo

Operational Impact

Quantitative Benefit