People may be curious why we developed Fundix first (institutional Transfer Agency, international, SaaS based), but we are coming to market with InvoiceConnect first. One of the reasons is pointed out in the article.
"Cloud computing is not about taking what people are doing already and moving it to the cloud," Mr. Lynch says. "In general, if something is working in IT you don't mess with it (1). Where cloud becomes really interesting is with new things where you have the option of doing it on your own server in-house or going with the cloud(2). Then you're much more likely to move those to the cloud than traditional IT."In Capnetix case, Fundix addressed a Transfer Agency problem that "is working in IT" (1). People already have TA2000, or Envision, or some other workhorse that's been around for years. Yes, the old way is expensive and inflexible to run, but it is perceived by potential customers as a fixed problem.
However, the intermediary fee invoicing situation is a completely different situation. The business problem causes pain for all fund companies, and there is no real solution on the market for the problem.
InvoiceConnect is an e-Invoicing solution that works. It absolutely is "a new thing you have the option of doing it in the cloud".
Security
There was another mention in this article about the wish for security, and also the mixing of data between companies. I can't go into it here, but we've done a very good job of securing data in several ways. Come talk to us about it when you're ready.
