As software advances it's important to understand the difference between traditional
non web based software -vs- web based software. The advances in internet technology
and the processing power of servers has greatly surpassed what can be accomplished
by yesterday's computer software technology.
Web based technology allows you to easily manage and monitor your business in real
time. No waiting for employees to fax daily reports. Easily limit employee access to
company data.
Allow existing customers to setup their own personal accounts (similar
to a bank) allowing your customers to check the due date of their loan, apply for a new loan in seconds, extend loans (where allowed by law) or make payments on loans.
With web based technology you have complete control over how convenient/ easy you
want to make it for customers to get a loan. Best of all web based technology even
though it out performs old technology generally costs less to deploy and generates a
greater return on your marketing investment.
Desktop Software Technology |
Web Based Server Technology |
| Difficult to manage over a network |
Managed for you within a secure data center |
| IT employees or subcontractors needed |
IT professionals provided |
| Limited software technology |
Best industry technologies used ex. MSSQL |
| Expensive per store, computer license fee |
One low fee covers all stores, computers |
| Updates usually limited to once a year or less |
Frequent updates usually every 2-3 months |
| Expensive software updates |
FREE Unlimited updates are included |
| Major technology investment |
Low cost to setup |
| Monthly or annual technical support fees |
Technical support included |
| Difficult store reporting, employee intensive |
Easy real time reports on all store locations |
Difficult to manage multiple stores in different
states |
Easily Manage multiple stores in different states apply appropriate state rules as needed |
| Does Not receive loan applications 24/7/365 |
Receives loan applications 24/7/365 |
| Does Not increase your market reach |
Does Increase your market reach |
| Does Not make you competitive in today's changing market |
Makes you competitive in today's changing
industry and makes you more competitive
than companies without an online presence |
| Software and data is not-encrypted making it vulnerable to fraud |
Software is encrypted and housed in a managed
data center making it more secure from fraud |
| Can't be customized to fit your exact needs |
Can be customized to meet your exact needs |
