Four Features You Can Count on When You Choose Fund Control Software
Posted on June 22, 2020
Do you have options when it comes to fund control? Of course, but you will not find something that is better than Fund Control. We know that any company could claim that, which is why we are happy to back it up by outlining just four of our many features that you can count on when you choose our project. Call us now at 800-625-5972 to get started.
- Comprehensive Information about Your Loan Projects
- Determine How Budget Funds Are Broken Down
- The Collection of Disbursements, Pay-Downs, and Everything in Between
- Get the Financial Detail You Need for Reporting
You need maximum information about any loans you are overseeing. You want to know the location, the dates, all the players involved, and its current, past, and projected future financial position. You need to crate and maintain everything from legal notices to vouchers to notification letters as required. You want to track sub-notes and budgets. You need detailed inspections – including pictures. It might seem like a heavy task to provide all of this but our software truly does.
Our product allows you to both create and maintain original budgets as well as any budget changes. You can use a template to create a budget. You can use a spreadsheet to create a budget. You can even create a budget via manual entry. Feel free to identify special budget line items based on special reporting options, categories, or interest reserves.
You need a central location for all financial transactions for each borrower. You need to track voucher and draw requests, you need to verify that all requests comply with institution policies. You might need to create transfer forms or disbursement checks. You will certainly need to record any borrower pay-downs so that you can appropriately manage the borrower’s revolving lines of credits. This is just the beginning of what Fund Control can help you securely store.
When you choose our software, you get a dashboard that instantly shows your risk assessment. You get a dashboard that shows you cash flows. You even get a dashboard that shows percentages of various types of loans. We know that you need things like this to be easily accessible. That’s why we offer predefined reports for these routine processes. You can also take advantage of detailed searchable reports that cover different loans and vendors. We can even allow for the importing methods of transactions from backend accounting systems.
We are always ready to find the best way forward for our clients. We are always ready to talk to you about ways we can better provide products that meet or exceed your needs. Just contact Fund Control at 800-625-5972 to get answers to your commonly asked questions.