Ned vs Shaw Systems Spectrum
Ned
nedhelps.com
Shaw Systems Spectrum
shawsystems.comSide by side
| Figure | Ned | Shaw Systems Spectrum |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 1 | 3 |
| Spec score · Loan Management Software | 6.8 (#24) | 7.9 (#7) |
| Borrower portal | Borrowers can apply, upload documents, e-sign agreements, track application status, view balances and repayment history, and message the lender. | Spectrum Amplify adds responsive self-service, automated notifications, payment tools, document exchange, configurable screens and workflow queues. |
| Headquarters | New York, NY, United States | Houston, Texas, United States |
| Integrations | Ned says borrowers connect bank accounts through open banking integrations and that pricing includes integrations out of the box. | 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. |
| Loan products | The platform supports fixed-term loans, lines of credit, and revenue-based financing. | The system supports simple-interest loans, revolving and non-revolving credit lines, multi-stage loans and precomputed loans. |
| Security | Ned says it is SOC 2 compliant, encrypts data in transit and at rest, and uses role-based permissions and activity logs. | Shaw states it holds annually renewed SOC 1 Type II and SOC 2 Type 2 certifications, uses SSL and encryption, logs system activity, and partners with Arctic Wolf for security monitoring. |
| What it does | Ned is a cloud-based loan management platform for launching and scaling small-business and commercial lending programs. | 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
Shaw Systems Spectrum
Shaw Systems Spectrum has no write-up on Specifiction yet; its figures are above.