Tracking the moving parts and pieces of a construction project can be quite challenging. Custom Credit Systems (CCS) has developed the Construction Budget Module to systematically track and manage all monetary activity for commercial construction projects.
Modern risk management demands advanced budget monitoring capabilities. The Construction Budget Module interfaces with your host system and enables you to manage and evaluate critical budget components, from initial budget development through disbursements and ongoing maintenance.
Whether a multiple build project, new office or other real estate construction lending, the CCS Construction Budget Module improves workflow efficiency by providing an advanced, integrated solution. Track sources and uses of funding; document and analyze collateral; record, approve and monitor draw allocations and disbursements; and keep up to date with project completeness. With our module you can input adjustments, advances and cancellations, and track change orders through the maintenance functions. System-generated reports allow timely and ongoing examination of the budget and related transactions.
Available as a licensed component of The CustomLenderŽ Straight Through Processing (STP) suite, the Construction Budget Module can effectively streamline the budget management process while helping to increase communication, reduce data entry between loan origination and operations management and minimize exposure.
Learn more about how the Construction Budget Module can improve your budget monitoring and tracking operations. Contact us today to schedule an online demonstration.