Stop accidentally front-loading disbursements! Control disbursements with our online software.

Construction lending can be risky enough as is in this economy, without the additional issue of inadvertently front-loading a project by over-reimbursing a contractor up front. Fortunately, you can avoid this problem and protect your bottom line if you control disbursements with online software from ECL Software.

Why Controlling Disbursements is Vital

These days, many contractors are operating on compressed margins. They may not have enough of their own operating capital to fall back on, so they may request early disbursement before they’ve actually reached the project milestones that would merit it. If this happens, you can end up getting off-budget and your project could even potentially suffer a work stoppage.

How Our Software Helps

The main way that our software helps prevent early or undeserved reimbursements is by making it easy to link project progress reports with disbursement requests and authorizations. When you control disbursements with online software in this way, your staff will always have an up-to-date understanding of the loan and project status.

Our software can actually handle all financial transactions involved in the lending process, not just disbursements. It can:

  • Track and maintain original budgets, plus any budget changes
  • Track vouchers and/or draw requests
  • Create disbursement checks and/or transfer forms
  • Track payment due dates
  • Record borrower pay-downs
  • Request, record, and redistribute funds to and from other financial participants

All the Other Functionalities You Need

In addition to providing the ability to control disbursements with online software, our fund control software suite also covers all the other vital activities related to the loan:

  • Contact management
  • Communications
  • Loan Administration
  • Project Oversight
  • Reporting
  • Stress Testing

Because your information is online rather than on paper or on an individual employee’s computer, it is easily and immediately accessible to all authorized employees for maximum efficiency.

Learn More About How to Control Disbursements with Online Software

If you’re interested in learning more about how we can help you control disbursements with online software, you can preview the process with a free online trial of our fund control software. Please call now to get started.