The Simple Update to Improve Your Construction Lending Processes

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 months. So, what was this new, extraordinary tool?

A checklist.

It’s amazing what kind of process improvements a simple tool like a checklist can produce. That’s why AccuDraw makes it easy to create checklists for common construction lending tracking and disbursement processes directly within the AccuDraw system.

How to Set Up Checklists

AccuDraw gives users several ways to stay organized and stay sane – from color coding to setting up system reminders. All of these are completely customizable and flexible, so you can setup the workflow and pipeline that works best for you and your team.

If there are important things you need to do on every project (or phase of a project), make it easy for your team by setting up a checklist. For example, when you are initially setting up a construction loan project in your system, are there certain things that need to be filled out or added in? Do draws over a certain amount need to have extra steps followed?

Whenever you have a process that needs to be followed, you can use checklists to help remind your team of these tasks and ensure that the right work is completed before they move on to the next step.

You can create your own checklists within an individual project, or setup checklist templates that can be easily accessed through the checklist dropdown menu.

Ready to Try AccuDraw?

AccuDraw Construction Lending Software offers a completely customizable construction loan tracking software that offers the process improvements and features you need to get the job done quickly and accurately.

Ready to get started? Contact us today for a free demo of AccuDraw’s Version 7!