Application service provider (ASP)

Definition

An application service provider (ASP) is a business that delivers software applications or services over the internet or a network to its customers.

What is an application service provider?

Instead of users installing and maintaining software on their individual devices or servers, ASPs host and manage these applications centrally, providing access to users through web browsers or dedicated interfaces.

Users can access the hosted applications over the internet, usually through web browsers or dedicated client software. This allows for remote access and collaboration, making it convenient for users regardless of their location.

ASPs often operate on a subscription or pay-as-you-go model, where users pay for the services they use rather than making upfront software purchases. This can be cost-effective for businesses as it eliminates the need for significant initial investments.

ASPs offer scalable solutions, allowing users to easily scale up or down based on their needs. This is particularly beneficial for businesses experiencing growth or changes in demand.

Example of an application service provider

Common examples of services offered by ASPs include customer relationship management (CRM) software, enterprise resource planning (ERP) systems, email services, and collaboration tools.

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Swoop Finance Limited helps UK firms access business finance by working directly with businesses and their trusted advisors. We act as a credit broker, not a lender, and do not provide loans or finance products ourselves. We introduce applicants to a panel of lenders, equity funds, and grant agencies based on individual circumstances and creditworthiness.
Commission Disclosure: We typically receive a commission from the finance provider (either a fixed fee or a fixed percentage of the amount you receive) upon successful placement. Different providers pay different rates. For certain lenders, we may have influence over the interest rate, which can impact the total amount payable under your agreement.
Regulatory Information:

  • FCA: Authorised and regulated by the Financial Conduct Authority as a credit broker (FRN: 936513) and registered as an Account Information Services Provider (Ref: 833145).

  • ICO: Registered with the Information Commissioner’s Office (Ref: ZA600162); registration can be verified at ico.org.uk.

  • Company Details: Registered in England & Wales with Companies House (No. 11163382). Registered Address: The Stable Yard, Vicarage Road, Stony Stratford, Milton Keynes, MK11 1BN. VAT Number: 300080279.

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