Our Auto Title Loan Software,
Title Loan Professional, includes integrated Pay Day Cash Advance
Software, Check Cashing Software, Money Order Software and Installment
(Amortized) Loan Software at no extra cost. Unlike most of our competition, we don't
pile on one "extra-cost" feature after another, quickly taking
your price per store into the high thousands of dollars. The base
price of Title Loan Professional is $1,395 for the first store, and we offer
discounts for additional stores, so our prices go down, not
up. We do have small additional fees for states that require special
programming and custom forms, but for the time being we're waiving those
fees or greatly reducing them, so the average price of a custom
programming feature or form is in the range of $95 to $285. If you
want an exact price, please call us toll-free at:
1-866-802-5742, or use the e-mail contact form at the bottom of this page.
We have a $500
annual support agreement that provides up to eight hours of technical
support the first year and up to five hours of technical support per year
thereafter. If you need additional technical support, you can simply renew
the support agreement a little early, and each support agreement renewal
includes a free update to the latest version of Title Loan Professional. Customers
who do not need advanced features can
pay for support only as they need it, with a minimum charge of $47.50. For
customers who prefer to have a tailored annual maintenance contract, we are more
than happy to accommodate them. If you need advanced
features such as Teletrack, ACH and/or installment loans, a support agreement
is required.
While it's hard to compare our prices to those of competitors who have
additional charges that take page after page to read and are almost
impossible to decipher, we can relate what our customers have told us.
Here's what customers have told us about Title Loan Professional in comparison to
ALLPOWER. A Nashville, Tennessee customer had bought ALLPOWER's
software, but decided to switch to our software because of problems with the
program and with support. No business owner wants to pay for a second
program if the first program works correctly and has good support. A second
ALLPOWER customer in Wyoming switched to Title Loan Professional because we
were able to customize the program to Wyoming requirements within a short
period of time, which ALLPOWER had not been able to do to the customer's
satisfaction. A cursory comparison of Title Loan Professional to ALLPOWER's
program will show that we have many, many advanced features that do not seem
to be present in ALLPOWER's program. If you want basic contract printing and
don't need "call any time" tech support, ALLPOWER may be a good
low-cost option. But unless things have changed, our software is far more
advanced, and we have a staff of programmers who answer the phone all day
long. The single biggest complaint we've heard about ALLPOWER (and we think
it's a fair one) is that daytime support is hard to get.
Here's what a chain of fourteen Cash Advance/Title Loan stores said when
they selected Title Loan Professional over that of eCheckTrac after doing research of the software on the market. They didn't want to turn their
customer data loose on the Internet. They preferred Title Loan Professional
because it runs on their own computers in an environment they can control. If someone else is hosting your data, how do you know that your
customers' identities, social security numbers, employment information and
credit details are secure? Also, this customer
complimented us on how closely we worked with them to develop a software
contract they felt comfortable with. We modified our standard contract
to their needs, just as they work with their own clients: individually. We're in the
business of forming long term, mutually beneficial relationships, and we
treat every customer as a special relationship, because all customers are
unique. (We blush to mention that our customer would have paid $195 per
month for 14 stores with eCheckTrac, or $32,760 per year. For the entire
year of 2004, our customer paid less than $3,000 for on-going support and
some of that was for custom programming!)
A second chain of around 50 stores (growing to 100) is currently in the
process of switching all their stores currently running eCheckTrac over to
Title Loan Professional. The biggest single reason: we were willing to
customize our software to produce the loan methods, contracts and reports
they wanted, quickly and to their specifications.
We have had 13 stores switch to Title Loan Professional from Ideal.
Ideal is quite a bit more expensive than Title Loan Professional, so for
companies looking for the best program for the best price, our "software"
is attractive. Why not try our demo before you
plunk down more money for a program that, according to our customers, does
less and doesn't always work as expected.
We have had around seven stores switch to Title Loan Professional from
Data Age Pawnmaster. When multiple different owners drop a program they've
paid good money for, that's an indication the program may be "showing
its age," or may simply not be suitable for certain segments of the
industry. In looking at the Pawnmaster database for one of our clients, we
noticed that its title loans had fields for "carats" and
"caliber" and all sorts of pawnshop criteria that have nothing
to do with title loans or payday loans. Because our program was written
"from scratch" and with "a clean slate" for the Title
Loan and Cash Advance/Payday Loan industries, we feel it's a better fit
without all the legacy baggage of older software.
And now, a word or two about those pesky DOS programs ...
We have had one customer switch to Title Loan Professional from Payday
Plus. The main reason is probably that we were able to accommodate a
special programming request. If you're using Payday Plus already and are
happy with it, we congratulate you, and them! However, Payday Plus is an
old MS-DOS program, and that bears a little head-scratching before you
shell out your hard-earned money for it, or any other DOS legacy product.
The Payday Plus website main page itself raises the big question. They put
it this way: "Some of our competitors say DOS is dead!" But we
don't have a sentence on the main page of our web site asking why our
competitors say "Windows is dead." There's a simple reason for
that: Windows isn't dead. People buy millions of copies of Windows on
brand new computers every year. But how many people buy new copies of DOS,
or new computers running DOS? Nobody that we know. Microsoft doesn't sell
or support DOS, although many years ago it was their main product. Why
would Microsoft, the biggest and most profitable software company in the
world, run by one of the smartest and wealthiest men in the world, Bill
Gates, stop selling DOS if it is still viable? The answer is simple:
Microsoft stopped selling DOS because people want new Windows computers,
not old DOS computers. They want new Windows software, not old DOS
software. The fact that an old DOS program can still be made to run on a
Windows computer is good, if you have already bought and paid for a DOS
program and don't want to buy a new program just yet. But do you really
want to invest new money in a product that is old and out-of-date? When
tractors first came out, many farmers were content to stick with
horse-drawn plows. And for a few years, they held their own. But today who
uses horse-drawn plows? DOS is the rusty old horse-drawn plow and Windows
is the shiny new John Deere. You're the farmer: you choose. (Yes, someone
who sells DOS is going to claim that it's "more stable" than
Windows, and once upon a time that was probably true, because DOS was an
independent operating system, and Windows ran under DOS. But the
thing they forget to tell you is this: your "stable" DOS program
is now running under Windows, and if Windows
gets clobbered by a virus or won't boot, your DOS program has the worst,
not the best, of both worlds. It's older than the hills (in computer
terms), but it is still subject to most of the modern maladies of Windows!
If you're going to run Windows anyway, why not get all the advantages of
Windows?
Prices and support are important, but there are other things business
owners have to consider as well. One important factor is how current
the software is, and what its projected useful life may be. Our program is a
true Windows program based on Microsoft Access. Some of
our competitors' programs are DOS programs whose main claim
to fame seems to be that they are "Y2K-compliant!" Since Y2K was
basically a non-event, that's not much to get excited about, and because
DOS has been "officially dead" and not sold or supported by
Microsoft for many years now, anyone buying a DOS-based program has to
wonder what kind of investment is being made. Some of these
programs were written before the Title Loan and Cash Advance industries
began to take shape and mature, and if a program was originally written for a pawn shop or a car lot, it
may have unnecessary fields and features that make it hard to learn and
difficult to adapt to your business. Title Loan Professional was written
"from scratch" for the Title Loan and Payday Loan/Cash Advance industries and
doesn't carry around baggage from other industries.
Another thing to consider is compatibility. Vendors of
older programs will often "recommend" that customers use
DOS-friendly versions of Windows like Windows 95, 98 and Me. But
Microsoft is discontinuing support for these older versions of
Windows. Title Loan Professional is compatible with Windows 95,
Windows 98, Windows Me, Windows NT, Windows 2000, Windows 2003, Windows XP Home, Windows
XP Professional, and any Windows network.
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