We already have a project management system and/or an accounting system. How is Rabbet different?
Rabbet is purpose-built for managing construction finances and compliments your existing project management and accounting tools. Because Rabbet automatically parses information from documents, you can get all the benefits of automatic reconciliation, instant compliance, and easy approvals without duplicating your work in these other systems.
Will my lender accept draws from Rabbet?
Rabbet also provides solutions to lenders for draw review, so the software is very in-tune with lender requirements. Lenders report that draws created by Rabbet are more accurate and organized than draws created outside of Rabbet. Our customers have never had a draw created by Rabbet not accepted by a lender.
When is the right time to add a project to Rabbet?
We recommend adding projects sometime between first cost incurred during predevelopment to about 3 months remaining in construction. Rabbet provides tools to onboard history for inflight projects.