Pricing
Pricing - How Much Will This Cost?
One-Time System License Fee
We enjoy building systems to handle complex situations. We think that this is where the complexity should end. We've designed our offer to be as straight forward as possible. Choose your user count, know your cost - peace of mind. Beyond the system cost - all support is billed hourly - $190 per hour.
Number of Loans
We DON'T charge per loan. We believe that automation should decrease costs and let you grow your portfolio and company.
Implementation
Deciding on your new loan servicing system can be a big decision. One area that often seems to be overlooked is your implementation. This can include training, gap-analysis, conversion, customizations, and other areas. We focus a great deal on helping you decide how to best move through your implementation. To estimate this process, we've provided a few options. The first and probably the largest X factor is your conversion.
Conversion
We offer three distinct options. A new client will likely utilize some variation of the three.
Manual Conversion
8+ Hours For Questions
For Smaller Portfolios
Using the DataImporter
16+ Hours For Questions
You Build It Yourself
Fully Automated
50-75 Hours
We Manage the Majority
Other Support
Extra training
2+ Hours
Customizations
1 - 25 + Hours
Support Question
1/2 - 1 Hour
What's Included
- Installation Support
- 12 Hours Of Training
- Weekly Project Management
- One Point of Contact (US-Based)
- On-Demand Upgrades - Hourly
- On-Demand Customizations - Hourly
- 6 Month Warranty (180 Days)
Want to discuss further?
Flexible Pricing for Loan Servicing Software Licensing
Whether you're looking for a one-time license fee or prefer a more spread-out, annual license fee, BGI offers flexible pricing options tailored to suit your financial preferences. If you opt for the annual fee, we offer the freedom to switch to a one-time license at a later date, ensuring our loan servicing software is a cost-effective solution for lenders.
Source Code Licensing Options
With BGI, the power of choice is always in your hands. Unlike many competitors, we offer the option to license BGI’s applications with or without source code. Retain independence while receiving professional support and upgrades.
Upgrade Options
We provide control over the frequency and type of upgrades. Request upgrades as needed and pay for the time to prepare them, effectively managing your budget.
Support and Pricing Flexibility
Choose hourly support or pre-paid blocks to align support needs with your financial plan.
Extended Warranty
Our license includes a six-month warranty, with options to extend or pay hourly for post-warranty system changes.
At BGI, we adapt to your financial landscape with flexible pricing and support options, ensuring your needs are met effectively.
Estimated Yearly Costs
Beyond the one-time fee, our software does not require any additional fees unless you'd like to utilize our support - which is pretty awesome. To get an idea for how much support you might want to use, we've offered a few typical costs. THESE ARE ALL OPTIONAL.
*The following are estimates and no client is the same. For example, some clients might work with us daily while others only occasionally.
Upgrade
4-8 Hours
Custom Report
8-10 Hours
Extra Training Session
1-2 Hours
Customization
1 - 25+ Hours
Min Support Charge
1/4 Hours
Support Question
1/2 - 1 Hour
Total Cost
The following is an estimated cost to implement and utilize our software. The true cost benefits come as the years pass.
Benedict Group - LOANS! For .Net
- License: $
- Implementation: $
- Year 1: $
- Year 2: $
- Year 3: $
- Year 4: $
- Year 5: $
- Total 5 Year Cost: $
Competitor 1
- License: $
- Implementation: $
- Year 1: $
- Year 2: $
- Year 3: $
- Year 4: $
- Year 5: $
- Total 5 Year Cost: $
Competitor 2
- License: $
- Implementation: $
- Year 1: $
- Year 2: $
- Year 3: $
- Year 4: $
- Year 5: $
- Total 5 Year Cost: $
Competitive Analysis
- All modules are included.
- Clients use system for 5 years.
- Client values are outdated so likely much higher.