2021 is the Year to Commit to Digital Administration for All Construction Loans

2021 is the Year to Commit to Digital Administration for All Construction Loans

If your construction loan company has not yet embraced digital administration, then at ECL Software, we suggest that you let 2021 be the year to do it. Continue reading to find out why this is important and how ECL Software can help you. Feel free to contact us at 800-625-5972 or info@eclsoftware.com with any questions or to request a free demo.

Using a Manual System Will Result in More Mistakes

All too often, lenders embrace spreadsheets as their go-to option to track a variety of things, from the progression of loans to budgets and beyond. While spreadsheets might seem like an easy answer, the truth is that they are prone to error. Why? Because a member of your team entering data always has a chance of making a mistake. Whether they mistype a number, drop a decimal point, or duplicate an entry, they could easily make a “small” error that ends up costing a lot in the long term.

Manual Systems Take More Time to Maintain

Likewise, if you continue to work with a spreadsheet, it will take more time to maintain. Spreadsheets are designed to fit a wide range of needs – not specifically to handle construction loans. On the other hand, when you choose ECL Software, you are choosing a product made specifically for construction loans.

Our goal was to create a customer experience that allows our clients to boost profits, get their jobs done more easily, and stay accurate. With the many issues involved in manual entry (potentially in several databases) that you would see with a spreadsheet system, ours allows you to enter data a single time and then populates where you need it to.

Increase Communication with the Right Software

If there is anything that 2020 taught the world of business, it is how important it is that offices have the ability to quickly and effectively communicate no matter where they are in the world. Once again, JDIO does this for you. Improved communication means getting the information you need much more quickly, avowing over or underfunding, preventing discrepancies, and many other benefits.

We Make it Easy for You to Go Digital

We find that many companies do not want to go entirely digital because they do not know how to get started. They do not know what their best options are, which software to choose, or how to customize it. That is why you should choose ECL Software. Call us now at 800-625-5972 or contact us at info@eclsoftware.com to learn how we can provide a free demo so you know exactly what your options are.