What is draw request automation?
Draw request automation digitizes and streamlines the funding request process, while supporting draw management by improving compliance, accuracy, and speed. It gives lenders confidence that funds are disbursed properly and gives borrowers faster access to capital, keeping projects on schedule and within budget.
Smart Capital Center uses AI to reconcile draw requests, invoices, and documents, eliminating errors and duplicate charges. The platform tracks budgets in real time, accelerates approvals, and keeps construction financing transparent from request to release.
Who it benefits: Commercial real estate investors, lenders, asset managers
User challenge/use case: Manual draw management and invoice tracking is a time-consuming and error-prone process. Without a centralized system, it is difficult to reconcile documents, track project budgets in real-time, and ensure that funds are being dispersed correctly.
Notes: This feature leverages our document data extraction and unified data lake capabilities, creating a complete and accurate financial picture for every project.
