Spreadsheets are slowing you down
Spreadsheets are not only difficult to maintain but also time-consuming. However, with the help of construction loan automation software like Construct, you can ditch your spreadsheet, streamline your lending process, and focus on other businesses.
Some drawbacks to the manual construction loan spreadsheet process make it worth considering an upgrade to modern solutions like construction loan automation software.
Loan spreadsheets are not the most efficient way to track finances. They can lead to a lot of errors and costly mistakes. They also lack critical features that make managing finances more complex, such as custom reporting and draw import features, which are essential for any construction lending institution. Construction loan automation software provides lenders with the tools they need to manage their loan portfolios efficiently.
How do I get rid of my construction loan spreadsheet?
The manual spreadsheet process that many institutions use to track construction lending is slow, with back-and-forth emails, phone calls, and little to no visibility for some parties. However, there is now an easy way to get rid of your spreadsheet. Construct is a simple yet powerful tool that will take care of all the paperwork for you, alert stakeholders when inspections and draws have been submitted, and provide institutions with reports and visibility at their fingertips, from anywhere, even while on the construction site.