Application Service Provider (ASP)
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An ASP is a company that hosts software applications on their own servers and customers can “rent” these applications via the internet or a private line connection.
As our products are web-based, it allows us to provide our applications via the ASP model. The ASP model means that we (the ASP) will host our application using our own hardware. Companies will then subscribe to use our application, accessible via the internet without having to buy the application. However, we will charge the subscriber a monthly fee based on either usage and/or a fixed charge.
We will undertake to enter into a service level agreement with the subscriber. Our service agreement will cover the provision, managing, servicing, maintaining and upgrading of all hardware and software. The ASP model shifts the complications of technology maintenance from the companies to the ASP provider (Portrade), allowing them to focus on their core operations and competencies.
The Benefits of using ASP services include:
- Quick Deployment
The Portrade ASP model reduces the time required for implementation and integration. In certain instances where the appropriate infrastructure is in place, applications can be installed and run in just a few minutes. - Minimal Costs
Clients do not own the applications, and even software management cost are reduced as we are able to spread our fixed costs across a number of clients. - Instant Network
Portrade’s ASP applications can be accessed over the Internet or through the client’s own intranet. For companies that do not have network assets and system resources, the ASP option provides a compelling reason for deploying web-based applications via the ASP model. - Reduced Management Tasks
Portrade will handle system maintenance tasks, including back-up and recovery, upgrades, network management and user additions and deletions. The task of finding and maintaining skilled IT personnel will predominantly be taken over by Portrade. - Less Risks
Portrade will assume the cost of capital expenditure on software, hardware and IT personnel, allowing the client to predict with more certainty, the level of future IT expenditure. Risks concerning loss or damage to the software or hardware is also borne by Portrade.
