|
| |
| Why SaaS? |
| |
Getting quality core banking technology in the hands of microfinance institutions (MFIs) is a critical need. Reducing operating costs, managing credit risk, satisfying regulators, and attracting new capital all require effective deployment of core banking technologies. Unfortunately, such technology solutions are out of reach for most microfinance institutions.
SaaS provides a simple solution to this complex need. It solves both economic and technology issues at the same time. |
| |
| Economics |
| |
| SaaS provides a cost-effective methodology for MFIs to gain the benefits of large scale economic efficiencies. Rather than pay large up-front software licensing fees, institutions can “rent” software on an on-demand basis. Rather than invest substantial dollars in IT hardware and network services, institutions can rely on the SaaS service provider to own and manage these infrastructure elements. The economic model of SaaS works because of the increased buying power and scalability of a centralized and specialized provider like MicroPlanet, which gives end users access to powerful solutions at a much lower cost. It allows MFIs to pay for what they need, but not overpay for what they don’t. |
| |
| Technology |
| |
| SaaS also lets MFIs gain the benefits of large scale technology efficiencies. The burden of supporting complex technology is lifted off the shoulders of the microfinance institution and placed on the SaaS service provider. The microfinance institution does not have to worry about how it will manage this complex technology or how it will acquire skilled local IT staff to do so. This frees up the microfinance institution to focus on serving its clients and develop new products and services to grow its business. |
|
| |
| |
| |
|
|
