advertising section Software
Everyone is talking about cloud computing these days. What is it? Is this something you need in your organization?
Cloud computing, to put simply, is a
style of computing where IT-related
capabilities are provided as a service
to customers over the Internet. For example, if you are using programs such as
Gmail or Salesforce, you are using cloud
computing. This is in direct contrast to
a traditional application that you install
on your desktop machine for use only in
your office. Cloud computing encompasses many aspects of IT capabilities
from utility services such as storage and
virtual servers to full-blown applications
(also known as Software as a Service --
SaaS). Some of the key benefits of cloud
Low Upfront, Fixed Costs
There is no upfront investment of servers, IT staff, and installation requirements since the applications will be
delivered online. In addition, the costs
are usually fixed on a monthly or annual
basis as operational costs, not capital
Or, better put, no maintenance. There is
no hassle with any installation or setup.
The software is professionally main-
tained by the software provider and
delivered online. Any software updates
and upgrades are also delivered online
without effort on your part.
You can focus on your business and not
IT maintenance. You will have 24x7
access to your information anywhere on
the road using an Internet connection.
Cloud computing also lends itself well to
scaling with your business. You only pay
for what you need.
There is often concern about protection
of sensitive data. In a cloud model, your
provider would likely host the data as
it frees you from dealing with it. It is
important to verify that your provider
has the proper security, backup and
redundancy systems in place. Your
provider should also give you the option
of storing your data in-house, if feasible,
or using another third-party data center
as a secondary backup.
Is Cloud Computing Right for You?
If you are a small to medium sized company or start-up with limited IT staff, you
are a great candidate for cloud computing for all the reasons described above.
It can save you money, time and hassle
of managing your own software and IT.
For organizations with many IT resources, the cost advantages of outsourcing
may not be as financially advantageous.
Your IT team should have the expertise
to help you evaluate where it makes
sense to outsource to a cloud as the
benefits vary for applications, storage or
How can ABLSoft help?
The team at ABLSoft has over 20 years
experience working with enterprise-
class Web applications for the financial,
healthcare and telecommunications
industries. Because ABLSoft’s Radar
Platform is 100% Web-based, we can of-
fer the most competitive Cloud solution
for you with no separate fees for hosting
and software. You also have the option
of hosting it in-house and integrating it
with your existing applications.
ABLSoft’s Radar Web Platform provides
a one-stop solution for loan portfolio
management for asset-based lenders,
banks and factors. In one system, you
will have loan management, collateral
monitoring and document management
modules that are seamlessly integrated.
This means you do not have to purchase
additional software and hassle with
integrating multiple applications.
The Radar Web Platform includes:
◗ Asset-based lending
◗ Invoice detailing
◗ Collateral monitoring
◗ Document management
◗ Borrower and BackOffice web portals
◗ Financial statement spreading
◗ Data uploading and processing tools
◗ Compliance management
We also have an expert team to help
with full-service backroom and consulting services.
Please contact Nancy Lee, Business Development, for more information at 866.632.7146
x109 or visit www.ablsoft.com.