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There is a surprising number of larger institutions that track debt with our software. Colleges and universities of all sizes track student debt with Moneylender. Hospitals, clinics, doctors and dentists are using Moneylender to track patient debt. Banks and credit unions use Moneylender to track their loans when they're doing types of business that their core software can't manage properly.
Your Data Never Leaves Your Network
What makes Moneylender especially good for these situations is that you can run multiple copies of the Desktop software on your local network. It has an absurd amount of built-in encryption. And one of the Moneylenders can act as host for the rest of the team to connect. This means your regulated borrower information never leaves your network. You already built the compliance infrastructure, that's exactly where we want the software and loan data to live.
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A Small Team Can Service It All
Just a small team of people, sometimes even just a single person, can service the debts for a large organization because the tools in the software make the day-to-day processes easy to wrangle. Sending statements, late fee notices, payoff quotes, negotiating partial repayments, structuring reinstatement plans. With a little practice, these tasks become trivially easy. And the ability to share data among local Moneylender users means the accounting department can access live debt reports instantly from their own copy of the software.
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Moneylender has tons of features for servicing your loans:
The full list is quite long — see the features page.
Small Price Tag, Serious Scale
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The small price tag might make it seem like Moneylender isn't up to bigger tasks. The largest portfolio we know about has over 100,000 loans in it. It has more than 30 million separate transaction records in the portfolio file. Running a fresh, up-to-the-instant report of all the loan balances in the portfolio takes about five minutes. For portfolios with 1,000 loans, reports feel close to instant. When developing, we often use a test portfolio that has 10,000 loans in it as a “baseline normal” for performance and load time.
Encrypted at Rest and In Motion
The file system is fully encrypted, using a combination of asymmetric and symmetric encryption to provide mechanisms to unlock the portfolio and decrypt the records. The network links between instances of Moneylender are similarly encrypted using an asymmetric handshake to exchange cryptographic keys to use for the duration of the connection. The network system has its own anti-brute force mechanisms on top of the cryptography to further secure the network access point that the host Moneylender exposes. The file and network systems were built security first and performance a close second. It ended up being so good, we stopped using third party databases at Whitman Technological and all our systems are powered by this same encrypted file system.
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Simple Pricing, No Surprises
Buy Moneylender Desktop once, or subscribe to Moneylender Online and work in any browser. Same features either way — you're choosing how you'll access Moneylender, and you can add the other option as your needs grow.
Need to keep your data in-house? Host your data on your own server by running a licensed copy of Moneylender Desktop — self-hosting is built into the app, with about five minutes of setup. Your data never leaves your infrastructure, which makes it the right fit for HIPAA, FERPA, and banking data. Watch the 5-minute setup.
Moneylender Online plans by portfolio size: $39/mo up to 99 loans · $59/mo up to 999 · $99/mo for 1,000+. Every plan includes one web user; extra web users are $30/mo each, and desktop license-holders always connect free. Full details on the pricing page.