Solifi™, a global fintech software partner for secured finance, announced Kawasaki Motors Finance Corporation (KMFC) – the captive finance arm of Kawasaki Motors Corp. U.S.A., an established global distributor of powersports vehicles – migrated its entire U.S. operations to the Solifi Wholesale Finance software-as-a-service (SaaS) platform in December 2021. This implementation moved 1,700 dealers and 53,000 loans from an ageing legacy mainframe to modernized technology for a seamless user experience that provides solutions to optimize and grow KMFC’s business.
KMFC provides inventory financing services to the independent retail dealer network of Kawasaki Motors Corp. U.S.A. As a captive finance organisation looking to proactively meet the needs of its customers, the Solifi platform enables KMFC to better manage its traditional dealer wholesale loans and open-account financing of parts and accessories. They selected Solifi because of its direct knowledge of the powersports floorplanning business and technology that enhances the dealer experience, optimizes cost-saving automated workflows, mitigates risk, and provides actionable insights for business growth.
“We outgrew our former legacy mainframe, which was very complex, difficult to maintain, and unable to keep pace with current and emerging technology,” says Steven Chavez, senior manager, KMFC Credit Services. “The Solifi team guided us every step of the way to help us overcome the challenges despite the size and complexity of our operations. Their industry knowledge paired with technology solutions unified our disparate systems into one comprehensive powersports finance platform across our entire U.S. organization.”
The move to Solifi’s powersports finance platform now provides full integration with KMFC’s core enterprise resource planning (ERP) software with end-to-end visibility, upgraded order-processing procedures, new credit capabilities, and improved loan onboarding. KMFC’s U.S. dealers can easily access and manage their own wholesale and open account loans through a devoted self-service web portal – a better user experience that frees up KMFC resources to focus on growing their business.
“KMFC’s established powersports product line is a leading example of success in U.S. wholesale finance, and we’re excited to provide the technology to eliminate their pain points and enable their growth,” says David Hamilton, Solifi CEO (pictured). “We have a unique understanding of business requirements and the insight of how our wholesale finance technology can best manage KMFC’s existing assets and empower them to reach their next stage of growth.”