Fund Control on the Web (FCW) and Fund Control v7.12 Now Available from ECL Software.
Fund Control meets on-line banking with FCW that allows Borrowers, Contractors, and Inspectors to work together to expedite construction payments.
Fund Control is written using FileMaker® Pro, the
#1-selling database software by FileMaker Inc.; and FCW utilizes
FileMaker® Server Advance and PHP to create a seamless and
secure environment for Borrowers, Contractors and Inspectors to
work together to facilitate the disbursement of construction funds.
FCW Features and Benefits
• For the Lender
–
o Save time by:
• Allowing Borrowers and
Contractors to view Budget Reports on-line.
• Automatically filling in
the information from submitted Pay Requests.
• Emailing your
Inspections Requests.
• Automatically updating
the percent completes from your Inspectors.
o Reduce Risk by:
• Validating pay requests
BEFORE they are submitted to you.
• Keeping inspection dates
and pay request dates as close to real time as possible.
• For the Borrower or
Contractor –
o Access to your Budget Reports
24/7:
• Having the latest
information when you want it, not when the lender can provide it.
• Drill down to see every
detail of every transaction.
• Always know where the
money has gone.
o Submit Budget Re-allocations
on-line per your lenders requirements.
o Submit Pay Requests
• Verifies each line item
as you enter it.
• Creates your Lien
Releases to sign and turn in.
• View both Pending and
Approved Pay Requests.
• For the Inspector
–
o Early email notification lets you
plan your inspections in the most efficient manner.
o Know all of your properties to
inspect for the lender in one convenient location.
o Archive your photos and
inspections so you and your lender can go to one location to view
and review notes, pictures, and current percent completes.
o Submit your inspection report with
a button click. No more faxing, mailing, or even
emailing, your “ENTER” key is all it takes.
Some New Key Features of Fund Control (FC) v7.12:
• OFAC checking
– validate payees against the Office of Foreign Assets
Control listings.
• View and gather
information from multiple State Contracting Licensing boards.
• Detailed and
customizable Risk assessment reporting.
• Fully customizable
Contact and Loan validations and check lists.
• Preparation of Interest
billings per Loan, sub-note (lot), or even budget line item.
• View loan summary
reports as of specific dates (looking back in time).
• Charting of loan
pipeline reports.
ECL Software has been developing solutions for Contractors,
Subcontractors, and Banks since 1992.
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Press Contact:
Fred Shemirani
ECL Software
18141 Beach Blvd., Suite 170
Huntington Beach, CA 92648
(800) 625-5972
fred@eclsoftware.com
www.eclsoftware.com
Copyright©2006 Eclectus, Inc. All rights reserved
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