Our Enterprise 2.0 Software
Our Enterprise2.0 software was developed by Canadians uniquely for the Canadian market. Having been developed in Canada, the first thing we did was to have it conform with provincial and territorial regulations from coast to coast.
It does things that American software won’t such as automatically advise you to offer 2 and 3 payment loans as required. The suite of reports includes 2 which were produced to handle the precise annual reporting requirements required by most provinces. There is no software to buy upfront as our program is web based, giving you 24/7 365 access wherever you have Internet access. You can keep the 3 modules separated for reporting purposes as each module has its own Till.
We also recently developed the capability for our customers to allow for online lending. All you need to do is to have your webmaster add a snippet of code to your business website. With this, your borrowers can go to your website and complete an application. When they have filled in the required information and submit the application all of the customer information is put into your store’s customer database, and you are advised of a waiting application.
Software Solutions
ENTERPRISE 2.0 was developed in Canada specifically for small to medium size payday lender.
Payday Loan Software
Originally designed in 1993 as a strictly payday loans and cheque cashing software. MoneyMate has made many upgrades since we bought the program in 2000, mostly due to our customers’ feedback and suggestions. Being internet based, there is no need to pay thousands of dollars to buy a copy of the program.
The software provides full disclosure and always conforms to your province’s regulations. It can be used with your bank’s or EFT Canada’s Pre-Authorized Debit systems. You can set a maximum loan amount for each customer if it is less than the percentage of income allowed by your province. That percentage is automatically calculated by the software. You will be automatically prompted when a customer qualifies for a two or 3 payment loan as required in most provinces. Owners and managers can track daily activity anytime during the day or night from anywhere you have internet access. The software is housed on our own secure servers with military grade encryption. Our servers have never been breached. There are a dozen reports available that allow you to track every aspect of your business and they can all be downloaded to Excel, CSV files for backing into your accounting software.
“I have had the pleasure of using MoneyMate for the past eight years. Very recently we started a second store. Both stores have been using MoneyMate software. Software has been working great and I want to say here that Bill Heard always provided timely help and was always available.”
Kam D.
Saskatoon
Term Loan Software
One of the main drivers to re-write the program from scratch in 2020 was to add a new Term Loan Module as requested by some of our customers, allowing functionality never before available for software developed in Canada. Loans may be offered for terms up to 72 months with weekly, bi-weekly semi-monthly or monthly repayment schedules. Loans can be un-secured, or you may list security if you wish and includes a printable repayment schedule. As with our other modules, there is a complete suite of reports allowing you to track all aspects of the business all of which can be downloaded to Excel or CSV spreadsheets.
“My company has been using MoneyMate’s payday loan software now for several years. Their software offers everything we need to operate a successful payday loan business and their customer service is second to none.”
Salim V.
Ottawa
Cheque Cashing Software
Our Cheque Cashing module is easy to use and is available with a separate Till to keep cheque cashing transactions separate from loans. It lets you set flat rate and / or percentage fees based on cheque type and keeps track of cheque numbers. Cheque Cashing customer transaction reviews are kept separately from loan transactions.
Inverite
We have a relationship with Inverite, a company that looks after KYC and Risk Assessment for online applications. It supplies up to a year of customer banking records, allows for uploading of a customer photo and photo I.D. and will produce a credit score. Everything you need to make an informed decision. MoneyMate will make your introduction to Inverite and they will supply you with the API to add it to your store’s system.
Twilio
We have partnered with a company called Twilio, an SMS text messaging system that allows you to send messages directly from the software. You can send a reminder message for loans coming due or loans past due with the click of the mouse. You can also send custom messages either individually or in bulk for marketing and collections.
“I have used the Money Mate Loan Software for my business for over the last 5+ years, My company is Money in Your Pocket located out of Saint John New Brunswick. I have to say using this software has made my day to day work so much easier, it is very reliable and works amazing! I would recommend this to any business big or small. The customer service provided by Bill and James is above and beyond expected. Thank you to the team at Money Mate Loan Software for helping make not only my day easier but also my customers.”
Shelley G.
St. John
Support and Reporting
Support
We take pride in our level of customer service and is a cornerstone in our business philosophy. Great support creates customers for life and creates referrals for our software. Our technical and training teams go above and beyond the norm for service and commitment. Our technical team headed by Carlos make sure we stay ahead of new threats and keep us on a program of changing out and upgrading our servers. Bill is our onboarding and training person. With over 40 years of experience in customer service he also goes above and beyond to make sure that you are comfortable with the software and that your staff is properly trained. He is available to our customers whether in or out of the office by giving our customers his cell phone number. He takes his time in training and will happily provide refreshers whenever required.
Reporting
Our suite of reports includes Daily and Monthly reports in real time, Notes Coming Due so you can send SMS message reminders, Aging, Overdue Loans and Outstanding Payments Cheques and EFT PAD payments that take time to clear and many other useful reports. All reports are available to you wherever you can access the internet and can be downloaded to Excel or CSV files for easy backing into your bookkeeping system.
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