Improve your lending processes with award-winning construction software management for banks.
As a lending institution, you’re no doubt already using some kind of software to manage your lending processes. It is the 21st century after all! But are you using software that has been tailor made for construction lenders? If not, you are missing out on some significant benefits. ECL Software’s construction software management for banks was designed just for you and can significantly improve the efficiency and accounting accuracy of your lending processes.
Easy Loan Account Set Up
With just a few simple steps, you can set up our construction software management for banks so that it is ready to generate all the forms and reports you may need during your lending project. Start by entering contact information into the address book. Then select the interested parties and add them to your new loan account. Enter the terms, budgets, and schedules by uploading your own documents or by building off our system’s pre-existing templates. Now you will have all the information necessary to administer the loan at your fingertips.
Integrated Information
A huge benefit of our construction software management for banks is that it allows to you integrate information regarding budgets, schedules, progress reports, and payments all in one place. This makes it much less likely that you will ever accidentally disburse a payment before construction progress merits it. Because our system can integrate with your back end accounting system, it will also prevent any discrepancies in payments issued or received from arising between the two systems.
Robust Reporting Features
One final benefit of our construction software management for banks as compared to generic loan software is that the reporting features are tailored to the needs of the construction industry. You can pull reports on construction progress as well as on loan balance, loan status, loan type, and any other category. Because the construction industry can be unsteady, we have included a quality stress testing feature in our software. You can stress test individual loans or loan groups on virtually any variable you want to help you judge the risks of investing in a project at any given time.
Want to Learn More about Our Construction Software Management for Banks?
Our construction software management for banks can be customized to suit your unique needs. Simply contact us for a free online demo and we’ll show you how.
