Check out the latest and greatest from the team at Rabbet.
Rabbet, the leading provider of real estate development management software, today announced a partnership with AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market to enhance the invoice management process for real estate development teams.
Knowing capital needs on a construction project is critical to ensure proper cash reserves and interest reserves. Rabbet users can forecast what funding sources are going to be drawn during which months on the project then ensure sufficient interest reserves remain available.
Rabbet’s 2021 State of Construction Finance Report revealed that most lenders and developers are using spreadsheets to carry out major parts of their process, but complain about its inefficiency.
The 2021 State of Construction Finance Report dives deep into how processes and perceptions of construction finance have changed as well as what these processes could look like in the future.
First and foremost you need to digitize your process. But hold on, before you go out and buy a smartwatch or start studying computer science on the weekends, start simple.... Read More
Imagine how much time you could save by eliminating back-and-forth document transfers. Picture a world where you don’t have to organize documents for each draw, or manually compare spreadsheets to... Read More
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You get sent something with inconsistencies, missing documentation or typos. Those issues require you... Read More
Let’s face it, tracking funding sources and their disbursement restrictions across line-items can be cumbersome. You have to remember which funding sources go with which line items, or add redundant... Read More
You may find that every time a new draw request comes in you spend considerable time checking the previous draw spreadsheet. You need to verify that historical figures match, sometimes... Read More
Ahh, good ol’ pay apps. After manually comparing the G702 and G703 there’s a good chance the figures don’t match up or the retainage for the current period is missing.... Read More
