Disbursement Online Control System [DISBURSMENT ONLINE CONTROL] Features

" WITH Disbursement Online Control System WE HAVE CONTROL OVER ALL OUR PROJECTS, REAL TIME INFORMATION AVAILABLE 24/7. WE PASS THIS INCREDIBLE SERVICE TO OUR CLIENTES AT NO EXTRA COST. INCREDIBLE DEAL"

 


Disbursement Online Control System FEATURES

1. USER DATABASE

Disbursement Online Control System integrated User Database allows different levels of user permission define by User Categories; Each User category has a set of permission. Users have an ID name and Password. Users interact with Disbursement Online Control System simultaneous, always getting REAL TIME DATA.

For example:
Lender is login looking project A and builder login and submit a Draw Request on that project, Disbursement Online Control System immediately reflect all “pending draws” in each individual Line Items, the same dynamic apply if builders or owners are login and at the same time a Draw is approved or rejected by the lender, those users interacting with Disbursement Online Control System will see the latest information on the Tracking Area of that particular project.

All of this it is also communicated by Disbursement Online Control System Massager system, which pop up every time Users log in.

USER BY CATEGORIE

ADMINISTRATOR
PROCESSOR
LENDER
LOAN ADMINISTRATOR
BORROWER
OWNER
INSPECTOR

This REAL TIME, MULTI-USER, MULTI-LEVEL feature make Disbursement Online Control System an advance WEB-BASE APLICATION.

OTHER FEATURES RELATED TO USER DATABASE:

  1. Disbursement Online Control System records every transaction and adds user’s information to all related task. Every message from the Massager system on Disbursement Online Control System is presented with user identification


  2. Every user has in Disbursement Online Control System a private Address Book, which can be access from user menu an also is available when user fill up any form where need to indicate nay of user contacts


  3. User address Book may be upload to Disbursement Online Control System using Disbursement Online Control System external desktop application LIS (Line Item Setup) available from Disbursement Online Control System site, this is one of the features of LIS, which also import Address book data from any program such as ACT! OUTLOOK EXPLRES, OUTLOOK AND any program that use files types “csv”


  4. Disbursement Online Control System provides SELF-USER REGISTRATION, from Disbursement Online Control System web site.
    Disbursement Online Control System establish USER STATUS, this is an important feature to control new register users as well as different types of Real Life situation concerning the progress of a project


  5. Users are able to access their registered information and edit any changes on it, as well as password


  6. Disbursement Online Control System Provide “retrieve your password” feature by email notification. Which can be access from the Disbursement Online Control System website.


2. PROJECT CONTROL


PROJECT SETUP
Disbursement Online Control System System Wizard Project setup work from STEP 1 to facilitate users to Setup new projects.
From the Initial “Name of the project”, “Line items Setup” “Funds Setup” to “assign user to the project” all is layout in a very intuitive user-friendly interface.
At any Time user may leave the Project Setup Wizard and all information is saved and recorded. User may resume the setup of the project going to each specific area.

PROJECT STATUS:
This feature indicated the current situation of any project; this could be modified by administrators or automatically by project CONTROL


PROJECT CONTROL
Project control feature make sure users can’t delete/edit any critical information protecting the integrity of the project. Also will also automatically change Project Status if any abnormality is register

PROJECT VALITATION
Project Validation indicated not only the status of the project but all current issues and how to resolve them, indicate ERROR number and a link to the area where this should be resolved.


3. LINE ITEMS

Disbursement Online Control System uses CSI Construction specification industry, with more than 3500 Line items divided in divisions and subdivision and categories. All categories and Line Items in Disbursement Online Control System have a description, which allow users proper identification of the information.
Line items can be added direct to the project using Disbursement Online Control System user friendly interface, selecting each line item at the time and all related information as original allocation.
Disbursement Online Control System also features an external Application called LIS (Line Item Setup) that handle all bulk Line Item setup. This allows users to setup in minutes great amount of line items into their projects. LIS Interacts with Disbursement Online Control System information giving users the flexibility to work offline and to upload Line Items from any location at any time. Please refer to LIS features for more details

A very important feature on Disbursement Online Control System is Master Line item Editor, with which the administrator may add any line item that a specific project may require. Disbursement Online Control System also allows builder and owners to “SUGEST A LINE ITEM”, providing an area where that user may keep track of “suggested line items” and the status of the approval process.
One important fact of the process for suggesting a line item is that users find the right location using existent Disbursement Online Control System Line Item CSI List which guide them by Divisions, categories and subcategories

4. DRAWS

Disbursement Online Control System has a full control over the Draw request process. Builders, Owners and Borrowers have total control over the request until it is submitted to the Processor.

An important fact of Disbursement Online Control System draw request process is that the USER has the ability to choose different payees fro any given Draw. All the process is facilitated by a wizard that take step-by-step true the process.
Disbursement Online Control System is building in a way that can handle different request at the time from different users of the same project and all managing Real data information. This unique technology allows a continuum flow of the information always accurate for all users simultaneous.

Disbursement Online Control System provide with actives forms, which give to the users current allocations and available fund for any Items requested.
Once Line items and payees are selected in a draw request, it may be edit at any given point before is submitted to the Processor. At any point in the process of making a draw request, the User may exit the Wizard and the information will be available next time he login and want to complete and submit that Draw he left uncompleted

When the Builder/Owner/Borrower submit a draw request, the Processor will review the information and generate the Inspection order or cancel the request if that is the case.
After the Draw is submitted and in all the process of approval the Massager send messages to all users involve in this transaction. This means that the Lender will know that a
Request had been submitted, the inspection is under way, and the Processor sends the actual inspection report even before the funding transmittal.

 


  Disbursement Online Control System ™   [disbursement online control] history
15 October, 2003
UPGRADE 1.06
Date control parameters input for new draw area date entry and inspection card
Loan administrator
New category with the same characteristics of the Lender but with not permissions to approve draw or setup funds

10 Nobember, 2003
UPGRADE 1.07
Disbursement Online Control System new version includes a new process to import Line Items to the projects
LIS PREVIEW WINDOW/ NEW Disbursement Online Control System BUILDER PREVIEW AND SUBMIT TO PROCESSOR. Now builders have the opportunity to Preview Line Items before submit to the processor, this give a great flexibility to their task allowing working with partial uploads.

01 January, 2004
Disbursement Online Control System UPGRADE 1.08
Disbursement Online Control System now incorporate photos to the inspection detail, this is a important feature, Lenders will now have all the information need it for the approval of a Draw, from the Detail Draw request, Inspection Details with photos from the fields, funding memo, and all the payment and total reports
14 February, 2004
Disbursement Online Control System UPGRADE 1.09
New important feature incorporated to Disbursement Online Control System . MLIE (Master Line Item Editor), now Administrators will be able to crated new Line Items in addition to the more than 3000 already in Disbursement Online Control System (CSI Construction standard index). Also Builders, Owners, borrowers and processors are allowed to suggest a New Line Item. In Order for that line item to be inserted this must to be approved by the administrator.

22 March, 2004
Disbursement Online Control System UPGRADE 1.10
Revise Change order process. New Layout for the Contract adjustment improve navigation

This is a main full feature of Disbursement Online Control System that not only process, cTHE ISBS GROUPulated and record, all information but put it available in Real Time as it is generated to the Users that interact with the project taking in account all the specific permit ion of the users by their
Category.
Chronological order of event in the process of a Draw request

  •   Builder / Owner /Borrower select Line Items for this Draw

  •   Builder / Owner /Borrower select Payee information

  •   Builder / Owner /Borrower submit the Draw request

  •   Processor evaluate Draw


  • 1. Create inspection
    2. Create funding transmittal without inspection (non-inspect able line items)
    3. Cancel Draw Request

  •   Inspector make the onsite inspection
  •   Submit Inspection Details
  •   Processor Evaluate Inspection

  • 1. Cancel Draw
    2. Cancel Inspection (inspector should correct any problem on it)
    3. Approve inspection


  •   Processor create Funding transmittal

  •   Loan Processor / Lender evaluated Funding transmittal

  •   Approved Disbursement or Cancel Draw
  • One important fact of this process is that the Inspector work with all actives forms to created the inspection, this will assure a standard information format for all users, and simplifies the work optimizing inspection reports.

    Disbursement Online Control System ’s Funding transmittal is Disbursement Online Control System uments in which the Lender will access all necessary information in order to process this disbursement, Lender and loan administrator have access from the Disbursement Online Control System ument to the Draw detail and the inspection detail from a direct link located on the header of the Funding transmittal.

    It is important to say that Disbursement Online Control System record time and users for each task that have been done. All Disbursement Online Control System uments that are available in Disbursement Online Control System will have in their headers all necessary information to identifies Project, Users involve, Time, Type of transaction / Disbursement Online Control System ument and status of it. This is of great value not just as an online application but to generate hard copy of every process achieved on Disbursement Online Control System .

    5 CONTRACT ADJUSTMENT

    Disbursement Online Control System contemplates all contract adjustment possible in a Real Life Projects.
    All process of any specific CA works with actives forms, which provide the Users with information such as Original allocation, available funds and more. This is the precise information that the User needs in order to make the correct request.

    TYPES OF CONTRACT ADJUSTMENT REQUEST

  •   Line Item Adjustment

  • 1. Transfer money from any contingency to any line item
    2. Transfer money from any Line items to Contingency
    3. Transfer money betwen Line items

  •   Change Line Item

  • 1. Delete Line item and put money into contingency
    2. Crate line item and take money out of contingency

  •   Change Order

  • 1. Transfer money from Funds into Line items
    2. Transfer money from Line items into Funds

  •   Retainage Request

  • 1. Request an anticipated payment of money build into retain age account


    Process of approval of any Contact Adjustment is similar to Draw request and as any process in Disbursement Online Control System this also activates the Massager that automatically sent messages to all users involve.


    5. MESSANGER

    The Messenger System integrated all related Users of a Project. Delivers automated messages to each user according to its permit ions to access data.
    Each message that is delivering contains all critical information that describe in details about a specific task that had been generated by Disbursement Online Control System system. Also contain links to where the users can access and review information for that specific transaction.
    Each message have the purpose not only of a chronologist events but function as “to do /list”, when the users Login they are welcome with the message pop up, telling them that they have messages, once they enter the Massager interface, they have access to the list

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