Check out the latest and greatest from the team at Rabbet.
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
Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually classify lien waivers, run calculations to reconcile amounts, or spend... Read More
To increase loan servicing quality and mitigate risk, it’s important to ensure individual line items satisfy loan covenants, don’t overdraw, and have supporting invoices or documentation. Unfortunately, manually reviewing line... Read More
Many lenders rely on analysts and excel reports to get updates on project status. While that solution works for some things it is difficult to quickly assess portfolio risk when... Read More
Imagine this scenario: You’re almost there. You’ve reconciled ‘amount requested’, compared documents, triple-checked line items, and made sure all lien waivers were properly classified. You even ran through your list... Read More
Reviewing and reconciling lien waivers is another step you can streamline. If your current process requires team members to manually classify lien waivers, run calculations to reconcile amounts, or spend... Read More
First and foremost you need to centralize and connect your project finances. But hold on, before you start copying everything into one spreadsheet, start simple. List out the different items... Read More
It’s happened to you. It’s happened to your friend. It will probably happen to you again. You find inconsistencies, a calculation error, missing documentation or typos. Those issues require you... Read More
When it comes to addressing problems, it’s easier if you know about them earlier. The sooner you know about it, the more control you have over how to deal with... Read More
Your team needs a way to track vendors across projects and instantly gain visibility into exposure. Similarly, the reporting solution you implement should allow you to look at all projects... Read More
