Our online construction disbursement software makes it easy to manage revolving lines of credit.
In the construction lending business, disconnects between the back end accounting systems and the construction management software often lead to problems with the complete and accurate tracking of disbursements and paydowns. This can make it all but impossible to accurately manage revolving lines of credit. ECL’s online construction disbursement software resolves this issue by seamlessly connecting your back end accounting system with your loan management functions.
All Financial Transactions Covered
Our software was designed specifically with the needs of the construction industry in mind, and includes functionalities to handle all steps involved in relevant financial transactions, including:
- Tracking vouchers and draw requests
- Creating disbursement checks and transfer forms
- Recording borrower pay downs
- Requesting and recording funds from other institutions
- Distributing funds back to those institutions
Accurate Information at a Glance
One of the biggest benefits of our online construction disbursement software is that, precisely because it is online, you can access up to the minute information about your loan portfolio anytime, anywhere. No more waiting for a daily manual update from the backend accounting system! You can even set up dashboard reports that will show you your cash flows and allocations at a glance from the home page of the system.
More than Just Accounting
Although the integration with your accounting system is of course a huge benefit of our online construction disbursement software, this software suite actually does a whole lot more than just accounting. It is an extremely powerful, integrated system that collects all vital activities related to a loan in one use-friendly software portal:
- Contact management
- Communications
- Budgets
- Loan Administration
- Project Oversight
- Reporting
- Stress Testing
Get the Functionalities You Need from our Online Construction Disbursement Software
While our software is packed with features, it’s not our intention to make you adopt any steps or procedures you aren’t interested in. That’s why we made sure to build flexibility into our online construction disbursement software. With over 800 settings that can be switched on and off, it’s easy to make the software adapt to your current business practices so that it supports your efforts to improve efficiency and accuracy. Please contact us today for a free demo and see how this tool can improve your lending practices.
