In what is believed to be a first in the industry, Phoebus Software, the lending industry software specialist, has made its core products available to users on a rental option. This, in addition to its continuing offer of normal, full licence agreements. The first customer to take Phoebus on the new rental basis has already been announced, in the shape of Link Lending, formerly Woodberry Securities, a specialist lender in the bridging sector.
Link Lending’s managing director, John Maclean, said, "We have some very dynamic growth plans for this business, and these called for the extremely rapid implementation of a new system. We were also attracted by the low entry level cost of the Phoebus rental option, with its ability to remove the need to commit ourselves at this stage to a full Phoebus licence.
"Just as important, this route into the Phoebus product is also very attractive in supporting the speed of implementation we wanted. We had confidence in Phoebus’ ability to deliver, having looked at similar programmes they have completed for others - in essence they have been able to deliver a working system, with everyone trained, within a four week period. That was the sort of speed we wanted, and the rental approach fitted naturally within that whole package.
"If and when the day dawns that the scale of operations means we could reap financial benefits from moving to a full Phoebus licence, we know we will be able to do this without any impact on our routine operations or our relationship with the Phoebus support system."
This announcement comes as Phoebus enjoys increasing growth in usage of its software packages among lenders large and small.
Phoebus Software’s managing director, Robert Lintonbon, said, “We have always been valued among users for our strong customer focus. This helped us identify a clear need in the industry which had been missing until now. Rental is a route into Phoebus products that helps lenders with start-up projects, divisional needs or development opportunities, as well as those who simply want a low impact introduction to the proven Phoebus benefits. Our ability to deliver the Phoebus system into clients such as Link Lending, within just four weeks, is a further indication of the way we are able to respond to individual, corporate needs within the lending industry.” |
