Take control of your construction lending processes with ECL’s online banking software for construction companies.
Construction lending can be very lucrative, but it is also quite complicated with many potential opportunities for human errors or oversights to cut into your bottom line. In order to manage construction lending effectively, you need specialized software that takes the unique concerns of this type of lending into account. Our online banking software for construction companies was specifically designed for construction lending and can help improve productivity and efficiency while also mitigating risk.
5 Ways Our Software Can Improve Your Lending Processes
Our online banking software for construction companies delivers many important benefits:
Comprehensive Loan Information at Your Fingertips: One of the biggest advantages of online banking software for construction companies is that is it accessible anytime, anywhere, not just from your office or during business hours. This means all interested parties can gain instant access to the loan information they need without going through a point person or requesting a special report.
Easy Contact Management & Communication: There are many different parties involved in a construction project, and our online banking software for construction companies makes it easy to keep on top of communications with all of them. The software contains a convenient address book as well as templates for all the legal and administrative forms needed to shepherd a progress from inception to completion.
Robust Budgeting Tools: In any construction project, the budget can be practically guaranteed to change…and then change again. Our software offers the ability to create budgets from templates and then track multiple versions of those budgets as the project evolves.
Linked Disbursements: One of the biggest risks in a construction lending project is disbursing funds before project progress merits it. Our software helps mitigate this risk by allowing staff to upload photos and reports to prove milestones have been met and justify the release of funds.
Reports, Reports, Reports: With our online banking software for construction companies, it’s easy to generate any kind of report you want. No more tedious conversations with the IT department or days spent waiting for a report to be configured. Our software comes with loads of pre-set reports and you can also program your own reports.
Ready for Your Free Online Demo?
If you’d like to see our online banking software for construction companies in action, please contact us today. We’ll be happy to set up a free, personalized online demo.
