Integrated Web Functionality
- Fully integrates with web application forms
- Manage affiliate campaigns and "ping tree" broker channels
- Existing customer portal for account management & document upload
Laps-IT - Completing the Loan Cycle
Whether you are an established on-line lender or planning a new launch to this rapidly expanding sector you will want to ensure you choose the best software platform to promote and manage the smooth running and expansion of your business. Designed with the aid of senior online lending professionals within a live lending environment, we believe LAPS not only to be the best online lending platform available but also the best value for money. The Loan Application Processing System is a modular platform allowing you to process and manage your application and loan book in the most cost effective way possible. It truly provides a full application to repayment workflow giving you an inclusive end to end solution under one roof.
Unlike the majority of existing providers LAPS has been designed specifically for the UK and Australian on-line lending industry. It is not an overseas hybrid and it is not simply a generic CRM package adapted to process loans.
Conceived in 2008, the system has continued to evolve through customer feedback and provides cutting edge technology. Without a legacy to constrain us, enhancements are continuous ensuring that our clients retain the best in class solution. You can therefore be assured of the most up to date and flexible technology and functionality.
We believe our pricing structure to be the most competitive in the market place and whether you are a new entrant, a small established company or indeed a larger corporate entity, we think you will be pleasantly surprised by the cost structure.
If, as an online lender in any capacity you will be dealing with customer credit or debit cards, you MUST ensure that you are PCI compliant. Therefore you MUST use compliant software or face a hefty fine and the loss of acquiring facilities.
Laps-IT is the ONLY fully accredited UK provider that has secured the status and is listed on the PCI official website. Please search for Laps or Lending Software Solutions at the official PCI website. Securing this certification required a significant investment of time and money.
If you are considering another software provider and they cannot be found on the PCI OFFICIAL website then proceed with extreme caution.
To fully appreciate the power of LAPS a demonstration is essential, we find that most prospective customers who view the demo see a significant amount of functionality they had not previously thought of. Also, by seeing the software in action you will see for yourself that it is fully functional and not under development "vapourware". When margins matter, automation counts!
"The best decision we have made in business to date is Laps-IT"
"XXXXXXX" Limited had reached its operational limits with its previous operating system (XXXXX XXXXX) and had to make the decision to change to a new software operating system. The Directors are active industry trade association board members and asked for feed back at various trade meetings. Laps-it was the company most trade members were talking positively about. We were delighted with the data transfer and implementation process and Laps-It has provided us with an excellent service which is tailored to the needs of our organisation. Laps-it have happily worked with us and have succeeded in creating a bespoke automated business model which is specific and relevant to the particular needs of our business.
Their IT development and back-up team has left us reassured that we can focus on our business knowing that Laps-it is looking after the day to day operating system. Their onsite individually tailored training and coaching was found to be extremely beneficial and we now have a reliable state of the art operating system and fully up scalable business model. The best decision we have made in business to date is Laps-It.Payday Business Co-owner (South East England)
"The system has been online 99.99% of the time"
In September 2010 we were seeking a system for our online payday loan business "XXX X XXXXXXXXXX" in the UK. We looked at several systems and considered in house development decided on LAPS-IT. The system was implemented in January 2011 and has been running since then. Two Days training helped us understand all of the more intricate parts of the system but LAPS-IT also has an intuitive GUI making it simple to use. Introducing a new CSR (customer service representative) to the system is very easy and they are soon up and running. The few support issues we have encountered have been dealt with quickly and the system has been online 99.99% of the time.
New additions and customisations have been requested and delivered within the promised timescales. The continuous development, for example DAS, ensures the systems remains at the cutting edge of technology. We have been very satisfied with the system and service and look forward to a long association. LAPS-IT has worked very well for us where it matters, the bottom line.Term Loan and Payday Lender Managing Director (North East England)
"An IT supplier that knows its core business"
"XXXXXXXX" launched lending in Australia in 2009 and adopted LAPS from the outset. Rather than choose a legacy lending system that we found were generally written for term loans / instalment loans, we wanted a system that was written specifically for Payday Loans, (although we are currently implementing a term loan upgrade from Laps-IT). We now have over 20 users covering applications, underwriting and collections - processing more than 15,000 applications a month. One of the key challenges in the Australian market sector is branding through a multi platform operation. Each Australian state has different credit rules and so we need to deliver on a state by state basis - brand, customer contract and customer service footprint. LAPS allows us to run concurrent brand platforms through a single customer service platform - so clients from "XXXXX" ,"XXXXXXXXXXX", "XXXXX XXXX") and "XX XXXX" (New Zealand) are all served centrally. We launched in New Zealand in 2011, another brand, another credit contract but this time with a different payments platform and collections processor. LAPS integrated with the relevant third parties and in a 90 day period we went from concept to launch. Our business continues to grow - we are planning to lend in Asia in 2012 - another set of challenges which I am confident that our Loan Management Systems provider LAPS will meet alongside our projects team. It's refreshing to see an IT supplier that knows what its core business is and embraces support of integration with other software suppliers. In summary, selecting LAPS was a great business decision for "XXXXXXXXX".Payday and Term Lender CEO Perth Australia