A licence to use, with the source. Three ways to hold it.
For your own operations. Not to resell, and not to build a competing product on.
The whole engine, under a commercial licence of the Business Source family.
The procedures that maintain and extend it.
Active accounts in bands; capabilities switched on. One annual number, at most three lines.
The capability manifest is the price list.
Each capability below is a line in the engine's feature catalogue: licensed per tenant, switched on or off per tenant, and invisible everywhere when off. 72 capabilities in 17 groups. The engine itself, transactions, accounting, value dating and day-end, is the base and is not a line item.
General Ledger · Period Close · Journal Export · Host Accounting Extracts · Multiple Posting Groups · Cost Centres
Files · Notes · Alerts
Collections Desk
KYC Clearances · Threshold Reports · Suspicion Reports · Tax Residency · Withholding Tax · Counterparty Hold
Service Enrolment · Client Channel
Statements · Email Notifications · SMS Notifications · Web Push
Notice Periods
Facilities · Credit Limits · Collateral and Securities · Impairment Provisioning · Settlement Quotes · Write-Offs and Salvage · Statutory Lending Rules · Instalment Collection
Multi-Currency · Exchange Rates · FX Revaluation
Counterparty Roles · Relationships · Multiple Account Owners · Address Lookup
Debit Orders · Standing Orders · Direct Credits · Direct Debits · Instant Payments · Proxy Payments · Collection Authorities · Submission Channels · Cashier · Inbound Fund Holds · Internal Transfers
Product Designer · Reports · Data Integrity Audits · AI Assistance · Sample Data · Market Data Feeds · Organisational Units
Pricing Plans and Price Lists · Price Adjustments and Overrides · Rate Structures and Resets · Card Tier Repricing
Bank Statement Import and Matching · Suspense Management
Tax Accounts · Tax Certificates · Regulatory Submissions and Extracts · Deposit Insurance
Warehouse · Structures · Account Forecasting
Countersign · Tasks · Reference Data Change Control
| Tier | Shape | Lock-in | Support from us |
|---|---|---|---|
| 1 | Hosted by us, one tenant, yours | High | Highest |
| 2 | Licensed runtime and configuration packages, supported by us | Medium | Medium |
| 3 | Source-available foundation; you own and run your copy; optional update subscription | Low | Lowest |
Tier 3 turns a small vendor into a feature: a bank nervous about the size of the company holds the code from day one.
Run the book your core platform handles badly, or run the whole book. Either way you hold the source, the tools and the decision records. No vendor lock-in.
Configure the engine for a market you know, keep the customer relationship, and price the capabilities you switch on. You know the legislation. We bring the engine.
Every operation is an API call: open accounts, post transactions, run schedules, take payments, issue statements, feed your general ledger. You keep building the front end. We run the part that gets teams stuck.
Hosted trials and code evaluation open with launch.
Two demonstration tenants run today: a structured-finance book and a retail lending book, each with sample data.
The first production upgrade, moving the structured-finance book of one of the world's safest banks from the previous generation of this engine onto LedgerTM, is in progress. Code evaluation and hosted trials open with launch. If you want to see it before then, write to us.
jrich@tvm.co.za