Lendscape provides a versatile platform supporting various financial products in the asset-based lending industry. Their offerings include automation, risk management tools, real-time data insights, and robust reporting to streamline operations and enhance efficiency. Lendscape caters to banks, financial institutions, and independent lenders worldwide. They have a global footprint, serving a diverse client base across multiple regions.
Lendscape faced significant challenges with their initial cloud adoption phase, executed by another global integrator, which was unsuccessful. They lacked a clear Total Cost of Ownership (TCO) and a technical vision or roadmap. Despite having a general idea of their goals, they were unsure how to achieve them. This uncertainty risked Lendscape abandoning their cloud project in favour of remaining on-premises or exploring other public clouds besides AWS.
To address these challenges, Cloud Bridge executed a comprehensive strategy to restore Lendscape's confidence in AWS. Key actions included:
A significant part of the solution was migrating from MS SQL Enterprise to MS SQL Standard, which was facilitated by AWS architecture. The implementation leveraged AWS services like Amazon RDS with Multi-AZ deployment for high availability and failover support, ensuring seamless and automatic recovery in case of failures. This architecture provided the reliability of Enterprise SQL features while significantly reducing costs.
Working with Cloud Bridge has delivered significant results including a significant cost reduction.
Lendscape's partnership with Cloud Bridge has been transformative. It has led to substantial cost savings, improved security, and increased operational efficiency. This collaboration demonstrates how Cloud Bridge enabled Lendscape to transform and innovate their business by migrating to AWS cloud.