Check out the latest and greatest from the team at Rabbet.
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
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
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
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
Imagine how much time you could save by eliminating back-and-forth document transfers. Instead, equip your team with an intelligent document organization system to house each document in one location with... Read More
How efficiently you communicate with colleagues, lenders, equity partners and service providers impacts productivity significantly. Three key areas to examine include approvals, report generation and draw preparation. Approvals: Odds are... 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
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
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
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
