Canopy vs Shaw Systems Spectrum
Canopy
canopyservicing.com
Shaw Systems Spectrum
shawsystems.comSide by side
| Figure | Canopy | Shaw Systems Spectrum |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 3 |
| Spec score · Loan Management Software | 7.9 (#6) | 7.9 (#7) |
| Founded | 2019 | 1967 |
| Integrations | Canopy offers low-code integrations and lists providers and tools including Amazon S3, BigQuery, Checkout.com, Dwolla, Galileo, HubSpot, Intercom, Stripe, Twilio, Zendesk, and others. | The FAQ names payment processors, originations systems, dialers, omnichannel communications vendors, statement and letter printers, email services, customer portals, and DocuSign as integration use cases or partners. |
| Support | Canopy says it provides a dedicated support team to help with workflows and borrower onboarding. | Active clients can use a password-protected Solution Center, submit issues through JIRA, and call for after-hours emergency product support. |
| What it does | Canopy is a loan management system for commercial lenders that supports secured, revolving, installment, and hybrid lending products after loan origination. | Spectrum is Shaw Systems’ loan-servicing platform for managing servicing, collections, payments, lending CRM functions and related processes. |
Plans
Shaw Systems Spectrum
- Shaw$50,000, paid once
- Shaw Systems subscriptionPriced on request
- SubscriptionPriced on request
In their own words
Canopy
Canopy is a cloud loan management system for commercial lenders and organizations embedding lending or credit products. It supports secured, revolving, installment and hybrid products across launch, servicing and scaling, while focusing on post-origination work rather than applications or decisioning. Lenders can configure policies, interest rates, payment plans, billing cycles and fees for each customer. CanopyOS manages loan accounts, activity, product configurations, workflows and team access. Canopy Connect automates loan tasks; DataDirect produces reports; LoanLab simulates loan lifecycles; Preview assesses account changes; and SafeGuard supports calculation tests. The platform can automate borrower reminders, promotions and fee waivers. Its immutable ledger tracks changes, performs real-time calculations and supports retroactive events. APIs are described as low-code, with integrations including Amazon S3, BigQuery, Checkout.com, Dwolla, Galileo, QuickBooks, Salesforce, Stripe, Twilio and Zendesk. Pricing is paid and available on request.
Shaw Systems Spectrum
Shaw Systems Spectrum has no write-up on Specifiction yet; its figures are above.