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Case Study - Aqua Finance

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" Consumer Financing Provider Turns to Navisite to Go Cloud-Native CASE STUDY AQUA FINANCE Fast Growth Calls for a New Partner Aqua Finance provides consumer financing programs that help dealerships attract new customers and increase profits. It serves more than 5,000 dealers and contractors across the nation in a variety of industries, including water treatment, home improvement, HVAC, marine, RV, powersports and more. Operating in the highly regulated field of indirect consumer financing programs, and experiencing exponential business and employee growth, Aqua Finance was fast outpacing its inflexible hosting environment with a third-party provider. "We had been using a regional service provider since 2014, but they were swallowed up by a global hosting provider, and we became small relative to other customers," said Jon Gelhaus, senior vice president of IT and CSO at Aqua Finance. "And because we were growing so quickly, we also found ourselves running out of space and capacity every two years. We renegotiated our contract three times in five years. It just wasn't sustainable." The company also faced stringent compliance demands. "In addition to meeting the requirements of the Consumer Financial Protection Bureau and Gramm-Leach-Bliley Act, we have to comply with the Dept. of Revenue in all 50 states, each one with different requirements and degrees of security review," stated Gelhaus. Hiring hundreds of employees annually Business doubled in size in five years Highly regulated industry Thanks to Navisite, we now have a cloud roadmap in place that sets us up for cost-effective growth and business agility, while protecting the integrity and performance of our systems and applications at every turn along the way. Jon Gelhaus Senior Vice President of IT and CSO Aqua Finance 1-855-739-3227 |

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