|New Small Business and Enterprise Versions of EOCS
in August 2002, AMI Technologies is making available two new versions of
the Escrow Office Control System (EOCS)
escrow closing software. The new versions are targeted for escrow and
title companies that would like to have complete autonomy over their
software. To this end, the new versions offer the availability of "source
code" and development assistance. For more information call
(909) 954-4105 or access the EOCS
product page on this web site.
Is your Escrow Closing software safe?
Lately, it seems that all we get on
the radio, television, newspapers and magazines, is a daily dosage of
bad news relating to the economy, declining stock market, corporate
corruption and companies going out of business or laying off personnel.
Unfortunately, even though
the real estate sector of the economy has not been affected dramatically
yet, if the string of bad news continues, there is no doubt that there
will be a negative impact on our industry.
This brings me to the crucial
point of this article.
We know that one of the most
important components to stay competitive and profitable in the escrow
business is to have the right escrow closing software to be able
to service our clients and comply with government agencies regulations.
We also know that up to 98
percent of the industry uses what is called "proprietary
software". This means that you are given a license to use it,
but cannot make changes to it, because you donít own or
even have a copy of the "source code" for the software.
Furthermore, if you expand the number of workstations using the
software, or open a new office, you must purchase additional
licenses, or run the risk of being sued for software piracy by the
company that supplies your escrow closing software.
Let's consider what is the
common danger in the following scenarios:
|Software supplier goes out of business and is no
longer able to support you.|
|The software supplier is acquired by a larger
company with a different product, and is no longer able to
support the version of the package you are using.|
|The software supplier is acquired by a major
company in the real estate business that wants to use the
software internally only and does not want the liability of
outside business (in case of bad service or competition).|
|The software supplier comes out with a new
package that you don't like and they discontinue support for
their "old version".|
|You need a major software revision because of a
business change and you are told one of the following:
"present it to a user group for approval", "It can't
be done", "nobody else wants this change"|
In all cases, because you
don't own the source code for the program you are using, you are
left with software that is not maintainable, upgradeable, and can
become unstable and unusable at any time, and you have no option but to
go through the expense to switch to another vendor and face the
possibility that this could happen again.
These are just a few of the
nightmare scenarios that you could be faced with. If you have considered
such a possibility and you have been assured by your software supplier
that they are not at risk, just remember why high profile companies,
such as WorldCom, Enron, Arthur Andersen, Global Crossings, and Xerox
just to name a few, have been in the news lately.
What is the solution
to this problem? You must get control of your escrow software.
has developed EOCS (Escrow
System), an escrow closing
program that is as easy to use and technologically leading edge as
anything available in the marketplace today.
We, however, offer you the
following features that no other company can provide:
|Full Source Code and software documentation for
your own use.|
|You can use the product on as many workstations
and servers in your company at no additional cost.|
|You can use the product in multiple branches in
your company at no additional cost.|
The software, database
technology and word processing capabilities are built with Microsoft
Corporation software in use by millions of users worldwide.
If you want safety, security
and freedom to control your own information technology environment,
write, call us at (909) 954-4105, or email
for more details on the capabilities of EOCS
and a free demonstration of our product at you office.
Did you Know.....?
you can easily find out where your business is coming from. In the
opening screen, select the source of business for the specific escrow,
This information will be stored and cross referenced. A report can be
printed that shows detail information on your business source.