Industry
Automotive Retail
Healthcare
Financial Services
2 more industry(es)CarMax Auto Finance Case Study
Summary
CarMax Auto Finance (CAF), the finance division of the largest used car retailer in the US, partnered with Alfa to replace legacy systems and modernize its finance technology stack, enabling scalable ...
Products
Software
Alfa Systems
A modern end-to-end software platform for auto finance and asset management, implemented to replace legacy systems at CarMax Auto Finance.
Sample Category
Sample Product 2
Sample product description for demonstration purposes.
Sample Category
Sample Product 3
Sample product description for demonstration purposes.
2 more products available
Challenges
- Legacy backend systems no longer fit for purpose and unable to support growth
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
- Poor data integration across departments
- Limited automation capabilities
- Inconsistent reporting and analytics
6 more challenges available
Solutions
- Implemented Alfa Systems as the core finance platform
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
- Modernized legacy systems with new technology stack
- Integrated data across all business functions
4 more solutions available
Outcomes
- Successful migration of $15.65 billion portfolio with less than $10,000 write-off and zero entity-load errors
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
- Automated 70% of manual processes
5 more outcomes available
Target Organization
CarMax Auto Finance
Description: The finance arm of CarMax, providing auto financing services for CarMax customers across the US, managing a large receivables portfolio and servicing over a million customer accounts.