What is Software as a Service (SaaS)?
A Saas is a remotely-hosted, internet-based software program. The entire application resides on the web server, including security, password protection, loan applications, contracts, interest rate tables and management reports. In a SaaS, there is no software to buy and install.
A SaaS frees you from the responsibility for all software and hardware maintenance of the web server, including software protection and communication protocols. Because the application is hosted on robust centralized server farm, you enjoy the benefit of powerful software programs without having to invest in an expensive computer system or employ expensive additional IT staff.
Is the SaaS approach right for you?
Our approach is ideal for small and mid-sized banks, finance companies, credit unions, and providers of consumer finance. TCI's solution automates your workflow and gives you instant, online access to credit bureaus. Our smart and friendly software is the easy and simple way to streamline your loan processing workflow while maintaining compliance.
At TCI we have invested millions of dollars in software development—with more than two-million lines of code—to create a semi-customizable product line that adapts to our clients' needs. Our entire loan origination solution is designed to be highly affordable with low usage fees. The browser-based SaaS approach provides our clients and their customers with convenient online access to automated workflows that house their decision matrix, access credit and more. Simple, online access to management reports enables our clients to operate their businesses more effectively by evaluating in real time performance, application status, and system usage. Some clients have reported a 100 percent increase in productivity while delivering a substantially faster response to their customers.
What are the benefits of a SaaS?
If your business requires fast, efficient loan processing, you'll derive a multitude of benefits by using a Software as a Service solution. You will find our SaaS to be an affordable, time-saving solution. The primary benefits of a SaaS:
- Ability to pay as you go rather than having to make an investment in hardware and software.
- Access to a complete package as needed with no additional demand on IT resources or budget.
- Elimination of all software upgrades and maintenance issues with one site to visit for software access.
- Ability to scale the entire system to grow with the business.
- Assurance of security through advanced data encryption.
Click here for our free white paper which compares the old client server model to the new SaaS.
See how our decision lending software solution can help your business. Read about DecisionLender and contact TCI for a free demo. Email or call us at (800) 841-9950.