Sekady stands out through user-friendly interface, robust features specifically tailored to construction and private lending, and exceptional customer support. The platform automates complex workflows, provides real-time visibility, integrates seamlessly with existing tools, maintains highest security standards, and scales from small operations to large portfolios without compromising speed or accuracy.
Choosing Construction Lending Software: The Decision That Matters
Selecting construction lending software is one of the most important operational decisions you'll make. The wrong platform costs you time, money, and stress. The right platform multiplies your capacity, improves accuracy, and transforms how you operate.
So why should you choose Sekady over other platforms?
The Core Problem: Generic Software Doesn't Work for Construction Lending
The market is filled with construction software options. Some are general accounting platforms trying to do construction. Some are project management tools bolted onto payment processing. Some are loan servicing platforms that aren't designed for the unique complexities of construction.
Here's what happens when you choose the wrong platform:
- Generic accounting software can track invoices but doesn't understand construction draws, inspections, or milestone-based funding
- Project management tools are great for contractors but don't handle lending workflows, covenant compliance, or complex draw structures
- General loan servicing platforms work for mortgages but can't handle variable rates, non-standard terms, or private lending complexity
- Cobbled-together solutions (multiple platforms connected poorly) create data entry work, errors, and fragmentation
All of these leave you managing construction lending with tools that weren't designed for construction lending.
Then there's Sekady. Built specifically for construction lenders.
The 7 Reasons to Choose Sekady
Reason 1: Purpose-Built for Construction Lending
Sekady wasn't a generic platform adapted for construction. It was built from the ground up specifically for how construction lenders work.
What this means:
- Every feature reflects how construction draws actually work
- Workflows match your actual process, not the reverse
- Terminology matches construction industry (not finance industry trying to learn construction)
- Complexity is handled elegantly, not with workarounds
Real example:
- Generic platforms struggle with milestone-based draws and variable completion percentages. Sekady's entire architecture is built around milestones and work completion verification.
- Generic platforms treat inspections as nice-to-have. Sekady makes inspections central to the workflow because they're central to construction lending.
- Generic platforms don't understand covenant compliance. Sekady has automated covenant monitoring built in.
Why it matters: When software is built for your industry, features work the way you expect. You're not fighting the system; the system supports how you work.
Reason 2: Real-Time Visibility into Your Portfolio
You should see your entire portfolio at a glance. Not through manual spreadsheets or reports pulled days after the fact. Real-time.
What Sekady provides:
- Portfolio Dashboard - All projects visible with status (on-track, at-risk, behind, over-budget)
- Draw Pipeline - Every draw's status from submission through funding
- Budget Tracking - Real-time budget vs. actual by project and line item
- Alert System - Automatic alerts when draws are delayed, budgets are exceeded, or inspections are pending
- Mobile Access - Check status from anywhere, anytime
What other platforms do:
- Require pulling reports manually
- Reporting happens weekly or monthly, not real-time
- Dashboards are cluttered or hard to navigate
- Mobile apps are limited or non-existent
- You don't know status until you dig into the system
Why it matters: Real-time visibility enables real-time decision-making. Problems are spotted when they're small, not when they're critical. You maintain control of your portfolio instead of reacting after issues surface.
Reason 3: Automation That Actually Works
The promise of software is automation. Many platforms promise it but don't deliver. Sekady automates the things that actually matter.
What Sekady automates:
- Draw Requests - Contractor submits once; system validates, orders inspection, routes for approval
- Inspections - When draw submitted, inspector is automatically assigned and notified
- Budget Checking - Every draw is automatically checked against approved budget; over-budget draws are flagged
- Lien Waivers - System tracks collection, requires before approvals, sends reminders
- Approvals - Routine draws route to auto-approval; complex draws route to committees
- Payments - Approved draws automatically initiate payment through your banking system
- Accounting - Disbursements automatically post to your ledger
- Covenants - Automated monitoring of budget, insurance, permits, liens, and other covenants
What other platforms do:
- Automate simple things but require manual intervention for complex workflows
- Create more work trying to configure automation than doing it manually
- Automation often breaks down when real-world exceptions occur
- Still require manual entry of data in multiple places
Why it matters: Automation should eliminate manual work, not create it. Sekady's automation is designed for how construction lending actually works, not oversimplified workflows.
Reason 4: Private Lending Complexity Built In
If you're doing private construction lending, you have complexity other lenders don't.
What Sekady handles:
- Variable Interest Rates - Supports SOFR, prime, and other indexed rates that change
- Non-Standard Terms - Flexible draw schedules, custom loan structures, investor requirements
- Complex Funding - Multiple tranches (senior, mezzanine, preferred equity) tracked separately
- Rapid Closings - Supports deals that close in days, not weeks
- Investor Reporting - Custom reports for different investors with different requirements
- Exit Strategy Tracking - Ties draws and performance to specific exit dates and conditions
- Covenant Compliance - Enforces custom covenants specific to your deal
What other platforms do:
- Assume standard loan products
- Can't handle variable rates (or do so awkwardly)
- Struggle with multiple funding sources
- Don't support rapid underwriting and closing
- Generic investor reporting doesn't match private deal requirements
Why it matters: Private lending has different requirements than bank lending. You need software that understands those differences, not software designed for mortgages.
Reason 5: Seamless Integration with Tools You Already Use
You probably already have systems: accounting software (QuickBooks, Xero), project management (Procore, Touchplan), banking systems. You don't want to rip everything out and start over.
What Sekady integrates with:
- Project Management - Procore, Touchplan, and other major platforms
- Accounting - QuickBooks, Xero, NetSuite, and others
- Banking - ACH, wire transfer, check processing integrations
- Title Services - Title monitoring and lien tracking
- Inspection Services - Major inspection companies
- Document Management - Connects to your document storage
How integration works:
- Data flows automatically between systems
- No manual data entry
- Single source of truth
- Changes in one system automatically reflect in others
What other platforms do:
- Require manual data entry between systems
- Don't integrate with tools you already use
- Create data silos
- Require abandoning tools you're comfortable with
Why it matters: Integration saves time and eliminates errors. You don't have to choose between keeping tools you know or adopting new software—Sekady works with what you have.
Reason 6: Security and Compliance You Can Trust
Construction lending involves sensitive financial data. You need security that protects your data and your borrowers' data.
What Sekady provides:
- ISO 27001 Certification - International information security management standard
- SOC 2 Type II - Third-party verified controls over security and operations
- GDPR Compliant - Meets strict EU data privacy requirements
- Encryption - AES-256 encryption for data at rest and in transit
- Access Controls - Role-based permissions limit access to what each user needs
- Audit Trail - Complete timestamped log of every action
- Backup and Disaster Recovery - Redundant systems ensure your data is never lost
- Incident Response - Clear procedures if security issues occur
What other platforms do:
- Claim they're "secure" without certifications to prove it
- Have spotty security histories
- Don't provide audit trails
- Use outdated security practices
- Can't demonstrate compliance to regulators
Why it matters: Your borrowers, contractors, and investors trust you with their data. Sekady's security certifications demonstrate that trust is warranted. If regulators audit you, you have documentation that data was protected properly.
Reason 7: Support That Actually Helps
Software is only as good as the support behind it. When you have questions or issues, you need help.
What Sekady provides:
- Dedicated Account Team - Your own point of contact who understands your business
- Implementation Support - Help getting set up, training your staff
- Ongoing Training - Regular training on new features and best practices
- Responsive Support - Quick response times to questions and issues
- Proactive Support - Team reaches out about features that could help your business
- Community - Connect with other Sekady users, share best practices
- Regular Updates - New features and improvements based on customer feedback
What other platforms do:
- Generic support tickets with slow response times
- Support staff who don't understand construction lending
- No onboarding or training
- Updates that break existing workflows
- You're on your own after purchase
Why it matters: Good software + poor support = frustration. Good software + good support = success. Sekady's support team is invested in your success because your success is their success.
How Sekady Compares to Specific Alternatives
Sekady vs. Generic Accounting Software (QuickBooks, Xero)
| Feature | Sekady | Generic Accounting |
|---|---|---|
| Draw management | Automated workflows, inspection integration, multiple payment methods | Basic invoice tracking; doesn't understand draws |
| Milestone tracking | Built-in; central to workflow | Requires manual workarounds |
| Contractor portal | Self-service draw requests and document uploads | Not applicable |
| Inspection management | Integrated with mobile app, automatic scheduling | Not supported |
| Covenant compliance | Automated monitoring with alerts | Manual tracking; error-prone |
| Report generation | Construction-specific templates | Generic financial reports |
| Mobile app | Full functionality for inspectors and contractors | Limited or none |
| Construction features | Every feature built for construction | Designed for generic businesses |
Sekady vs. Project Management Tools (Procore, Touchplan)
| Feature | Sekady | Project Management |
|---|---|---|
| Draw management | Complete workflow from request to payment | Tracks progress but doesn't manage draws |
| Payment processing | Integrated; multiple payment methods | Not designed for payments |
| Lender workflows | Built specifically for lender requirements | Focused on contractor needs |
| Financial tracking | Budget vs. actual, forecasting, draw history | Basic project tracking only |
| Accounting integration | Direct integration with accounting systems | Doesn't integrate with accounting |
| Covenant compliance | Automated enforcement | Not applicable |
| Lender reporting | Built for lenders | Designed for contractors |
| Multiple funders | Tracks multiple funding sources separately | Single project view |
Sekady vs. General Loan Servicing Platforms
| Feature | Sekady | General Loan Servicing |
|---|---|---|
| Construction expertise | Every feature built for construction | Generic loan features |
| Draw-based funding | Complete automation | Adapted from mortgage servicing |
| Milestone tracking | Central to platform | Not designed for milestones |
| Inspection integration | Automated; mobile app included | Not designed for inspections |
| Private lending | Supports variable rates, custom terms, multiple tranches | Designed for mortgages |
| Real-time dashboards | Fully featured; portfolio and project level | Limited visibility |
| Mobile apps | Contractors and inspectors have full apps | Admin-only; limited features |
| Ease of use | Intuitive; construction professionals find it natural | Steep learning curve |
What Customers Say About Sekady
Beyond the features and capabilities, what do real users say?
"User-Friendly and Powerful" "Sekady is incredibly intuitive. My team was productive within days, not weeks. And the features are powerful enough to handle our most complex deals."
"Transforms How We Work" "Before Sekady, we were drowning in spreadsheets and emails. Now we have real-time visibility into our entire portfolio. It's transformed how we operate."
"Support That Cares" "The Sekady team doesn't just answer questions—they help us improve our process. Their support is exceptional."
"Built for What We Do" "Finally, software built for construction lenders, not something adapted from banking. It feels like it was made for us because it was."
The True Cost of Choosing Wrong
Choosing the wrong platform costs more than the software license:
Direct Costs:
- License fees for wrong platform
- Cost to switch later to right platform
- Data migration costs
Indirect Costs:
- Staff time learning inefficient platform
- Manual workarounds for missing features
- Errors from manual processes
- Lost efficiency (deals taking longer to close)
- Missed opportunities (can't scale because system can't handle it)
Relationship Costs:
- Contractor frustration with poor contractor portal
- Lender frustration with lack of visibility
- Investor frustration with inconsistent reporting
- Team frustration with inefficient workflows
Risk Costs:
- Security breaches from inadequate security
- Regulatory violations from poor compliance tracking
- Covenant breaches missed because monitoring isn't automated
- Fraud missed because verification process is weak
Opportunity Costs:
- Time spent on administration instead of business development
- Inability to scale because system can't handle growth
- Missed relationships because you can't serve them efficiently
Making the Decision: Questions to Ask Any Platform
Before choosing any platform (including Sekady), ask:
- Is it built for construction lending specifically, or adapted from something else?
- Specific = better; adapted = compromises
- Does it automate the work that actually matters, or create new manual work?
- Test by asking: "If I submit a draw request, what happens automatically vs. manually?"
- Can I see my entire portfolio in real-time, or do I have to pull reports?
- Real-time = control; reports = reactive
- Can it handle private lending complexity (variable rates, non-standard terms, multiple tranches)?
- If you do private lending, this is non-negotiable
- Does it integrate with tools I already use, or do I have to replace everything?
- Integration = efficiency; replacement = disruption
- What security certifications does it have, and can they be verified?
- ISO 27001 and SOC 2 Type II are the standards; anything else is questionable
- What does support actually look like, and how responsive are they?
- Ask for references; talk to actual customers
- Can it scale with my business as I grow?
- Don't outgrow your software; choose one that grows with you
- What happens if I need a feature that doesn't exist?
- Is the roadmap customer-driven? Can you request features? How fast do they respond?
- If I leave, how easy is it to get my data out?
- You should own your data; avoid vendor lock-in
The Bottom Line: Why Sekady Wins
Sekady wins because it was built by construction lenders for construction lenders. Every feature, every workflow, every decision was made with construction lending in mind.
That specificity—that laser focus on doing construction lending exceptionally well—is what sets Sekady apart.
You don't have to compromise. You don't have to make generic software work for your specific needs. You can have software that was designed for exactly what you do.
Conclusion: Don't Settle for "Close Enough"
Construction lending is too important to use software that's "close enough." You deserve software that was built for what you actually do.
Sekady is that software.
Ready to experience the Sekady difference? Learn more by visiting our FAQ page, reading customer reviews, or scheduling a demo to see how Sekady handles your specific use cases.
