For over 30 years, PROM has provided financial computational solutions on a number of platforms,
including mainframe computers, personal computers, programmed desktop calculators, and handheld calculators.
The benefits of the fast, accurate and reliable formulas and algorithms built by PROM over these many years
are now available through PROM Web Services, enabling any client system with an Internet connection and a standard
web browser (including PCs, mainframes, Blackberries, PDA's, web-enabled cell phones) to access the services.
Using Web Services, the computational capability is available without regard to client system.
Web Services are very cost effective as there is virtually no maintenance required on the client systems.
Major features and benefits are:
Fast, accurate computations using time-tested and reliable algorithms.
Accessible from any client system with a web browser
(Windows, Apple, Linux, Blackberry, PDA, web-enabled cellphone).
Virtually zero maintenance. No software is installed on client systems;
you can add and change systems with no hassle.
No software update hassles or expense — everyone is running from the same version which can be
updated in minutes.
Reliable multiple servers in secure data centers.
Fast, accurate computations. PROM has worked closely with major insurance companies and financial
institutions for over 30 years developing and maintaining fast and accurate formulas and algorithms
related to credit-insurance and installment loan calculations.
These have been implemented on a wide variety of computer systems from mainframe IBMs, mini-computers,
PC's, desktop programmable calculators, and handheld programmable calculators.
The benefits of these highly-rated formulas and algorithms are now available through
PROM WebServices via the Internet. WebServices is the the most efficient and cost-effective method
yet for providing fast and accurate computational capabilites to users.
Our experience and knowledge assures you of accurate computations throughout your entire
organization, and even to those indirect loan originators and clients you select. And the cost is
minimal because PROM WebServices are delivered through any client computer system with an Internet connection.
PROM WebServices are universally accessible. Any web-browser-equipped computer, Blackberry, PDA or
web-enabled cellphone can access our Web Services via an Internet connection. Computations are fast,
under a second, even over dial-up modem connections.
Bank employees or agents can access our Web Services from home, a remote office,
or even a client's office. With a Blackberry, PDA, or web-enabled cellphone,
our WebService is available where ever there is service.
PROM WebServices can also be accessed directly by other computer systems and will return
the computed results in XML output, enabling them to be integrated into custom front-end
and back-end systems.
Indirect lenders and brokers can access the bank's WebService to obtain accurate
computations — eliminating
'bad' loans with computational errors.
Virtually zero maintenance time and costs. No software is installed on client systems so there
is no software
to maintain, install, obtain copy protection codes for (authorization codes), or update.
You are free to add and change computer systems at will without having to contact us or go through an
involved copy protection transfer procedure. (This provides a big cost savings compared to software
installed on individual PC's which often must be reinstalled, and reauthorized, in the case of a
system software and/or hardware upgrade. There's no limit to the number of computers that a
client can use to access our Web Services.
The WebService can be updated and immediately every user gets the new, updated version.
There's no need to track down out-dated copies of programs which are possibly no longer permitted to
be used because of insurance plan or regulation changes. There's no uninstalling the old version and
installing the new version on dozens of hundreds of PC's. Software maintenance costs are minimal,
far less than any client-installed software system, and only involve maintaining the Internet
browser and connection.
Cost is reasonable and is based on actual usage. Usage is averaged over time, so peaks in usage
over a seasonal period does not increase cost, and you can use as many systems as you want to
access the WebService during peak systems without having to purchase additional licenses and
Our servers are in data centers with 24-hour security and multiple power sources, including
backup power. Redundant servers provide maximum reliability.
See How Easy It Is To Use
For more details, we invite you to read about our i23a WebService for installment loans. This is
based on our popular LoanMaker products and has all the special calculation features required for
fast, accurate and reliable installment loan calculations.
There's also a demonstration calculation available with sample credit insurance rates to
illustrate the ease of computing loans with credit insurance.
LoanMaker i23a Calculator