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1 Level
774 Review
60 Karma

Review on DrawTrak by Gene Rosado

Revainrating 5 out of 5

A great tool for anyone who needs to execute large transactions

I like how easy it was set up by our lender - we needed only about 5 minutes (including walkthrough) before everything seemed clear as day! The fact that all parties can see exactly what they're doing in real time makes this process so much better than when things are being done back-and-forth via email or phone calls/meetings between different people involved in drawing out funds towards project completion. There's not really anything i dislike; however there may be some features which aren't very intuitive once one has used them more extensively over multiple projects using various clients etc., but these should become clearer after continued use if necessary. This software streamlines many steps within an overall complex contracting / financing scenario where several individuals have varying levels of expertise across numerous disciplines including finance management, accounting & legal departments amongst others.

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Pros
  • Simplicity to setup even for non technical users.
  • Ease at managing drawdowns with approval statuses from any party directly into system rather then manual mailout processes through client banks' attorneys'/accountants' ease during due diligence period prior closing documents
Cons
  • Mostly okay, but...