Tag: construction loan software

Managing Your Construction Loans and Budget Amidst Surging Material Prices

Looking back to last year, no one could have predicted the spectacular rise in construction and material costs. According to the National Association of Homebuilders, inflated lumber prices have caused the “average price of a new single-family home to increase by nearly $36,000…and the average price of a new multi-family home…by nearly $13,000,” – and…
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How Do You Start the Search for a New Construction Lending Software?

If you’re thinking about making the shift to a new construction lending software, it can feel like an impossible task before you’ve even made a single phone call. From convincing your team it’s the right move to assessing the potential options, it’s easy to get overwhelmed! Over the years, AccuDraw has helped dozens of banks…
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The Simple Update to Improve Your Construction Lending Processes

In 2006, the New England Journal of Medicine published a breakthrough study. Nine hospitals in Michigan had introduced a new, cost-effective tool that singlehandedly: Cut the infection rate of ICU patients by 66% Saved $75 million in healthcare expenses Was credited with saving 1,500+ people’s lives … and that was just within the first 18…
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3 Tips for Managing Construction Loan Paperwork

Lions, and tigers, and paperwork – oh my! Managing all of the forms and invoices required for a construction loan can become a project unto itself. For one, you’re responsible for making sure that all the right documentation has been submitted and filled out correctly. Secondly, you need to keep track of all of these…
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Data Security and AccuDraw

The Privacy Rights Clearinghouse estimates that there have been 10,000 or more public data breaches since 2005, ranging from organizations such as Yahoo!, Marriott, and Target to the U.S. Military. It can feel like the stories of these breaches are becoming all too frequent, quickly followed by the staggering number of customers whose highly sensitive…
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Instantly Know Where You Are On Every Construction Budget Line, Draw, and Disbursement

AccuDraw 7 offers a completely customizable construction loan tracking software that does exactly what you need to get the job done quickly and accurately. But did you know that AccuDraw is also able to give you an instant snapshot of where you are on every line item so that you can always maintain sufficient funds…
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2021 Forecasts & the Right Construction Loan Management Software

Although many things are still unknown about COVID-19 and the economic recovery, a recent post-election survey of engineering and construction executives found that 68% of respondents characterized the business outlook for the industry as somewhat or very positive. While many things remain uncertain, here are a few things we can expect in 2021. Remote Work…
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AccuDraw Construction Lending Software

The Best Software to Manage Your Contractor’s Construction Loan Budgets

Do you ever feel like formatting and re-formatting your contractor budgets is costing you valuable time and money? Whether you’re tracking your construction loans using spreadsheets or using a construction loan management software, it can be frustrating and overwhelming trying to line up all your budgets across various contractors, projects, and reports. The good news…
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AccuDraw Version 7

What’s New in AccuDraw’s Version 7

AccuDraw’s construction loan software has always been able to offer the most flexible features your business needs. With AccuDraw’s Version 7, we’ve added even more custom functionality to help you and your team organize, sort, and analyze every piece of the construction loan management process, from construction loan tracking to construction loan disbursement. With Version…
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How Star Wars Could Have Used AccuDraw’s All New Version 7

In a galaxy far, far away, an all-new version of AccuDraw was born – and now, Version 7 is here and ready to use! Here’s how these new features could have helped the Empire in Star Wars; we know it will improve whatever construction lending you’re working on, whether it’s conquering the next galaxy or…
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