Data is king when it comes to competing in the biggest, most traditional marketplaces—especially when a high-growth company is bringing forth new ideas.
Such is the case for Landbay, the company at the forefront of this episode of “The NetSuite Podcast,” featuring its Chief Operating Office, Julian Cork.
Landbay is a U.K.-based lending company with the niche mission of creating a more accessible buy-to-let mortgage marketplace for investors, borrowers and brokers, combining market expertise with technological innovation to benefit all parties involved. The company creates access to a new type of investment opportunity for the everyday lender, helping investors reap the financial returns offered in the competitive U.K. buy-to-let mortgage market and supporting responsible borrowers in securing access to faster funding.
Through a focused vision, innovative technology and growing popularity in peer-to-peer lending, Landbay has become a leading buy-to-let mortgage lender in the U.K. in just four years. But the company didn’t succeed like this without having the right processes, systems and, above all, data in place to do so.
Cork says Landbay got to a point that it outgrew previous accounting platforms. Thus, the company began looking for a new, cloud-based system that would not only provide real-time data customized to Landbay’s specific needs but would also continue to grow as Landbay continues to scale and transform.
“Our mission is to become the U.K’s leading specialist mortgage lender over the next four years…We’ve got significant volume to grow,” Cork explains. “With that volume, we need to have the control and we need to have that data.”
Listen to the full episode on Apple Podcasts(opens in new tab), Soundcloud(opens in new tab) and YouTube(opens in new tab) to find out why the company ultimately chose Oracle NetSuite, unlocking a fully customized solution catered to its journey through SuiteSuccess.
Note: Since recording this podcast, Landbay has continued its high rate of growth. It has now originated over £330m of mortgages on nearly half a billion pounds worth of property with no defaults.