CarMax Auto Finance Implements New Project with Alfa Systems



Alfa, provider of Alfa Systems, a software platform for auto and asset finance, published a new case study detailing an implementation project with CarMax Auto Finance (CAF), the finance arm of CarMax.

CAF engaged Alfa in 2017 to help achieve its vision for modernization and strategic growth and replace its existing back-end legacy systems. After going live in October 2021, the project featured support for key business processes, regulatory compliance, a major data migration and sophisticated integration with CarMax’s systems landscape.

“We thought the Alfa team was a good cultural fit based on the sales process, but you don’t truly know until you get into the implementation,” Mike Callahan, CFO of CarMax Auto Finance, said. “From day one, the Alfa team fit in seamlessly. I could not have been more pleased with the collaboration and partnership.”

In 2022, CarMax is targeting new initiatives such as implementing a customer service web portal and a new external general ledger, in addition to performing regular upgrades to benefit from new Alfa Systems features.


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com