Client Overview

Our client, a leading vertical software platform for builders and contractors, provides a comprehensive suite of tools tailored to the needs of construction professionals. The platform connects contractors with homeowners, facilitating projects ranging from small renovations to large-scale builds.

The Challenge

The platform had established partnerships with multiple bank lenders, enabling contractors to offer financing options to homeowners. However, the process for managing these loans was cumbersome and manual, relying heavily on paper-based documentation. While the platform's development team had the capability to build a loan management solution, their focus was on enhancing the core features of their product. They needed a way to efficiently integrate loan offerings without diverting resources from their primary objectives.

The Solution

Preczn stepped in to fill this gap by seamlessly integrating the platform with the bank lending partner. We developed a comprehensive solution that included:

• API Endpoint: This allowed the platform to effortlessly manage loan offerings to homeowners. Contractors could easily request "drawdowns" against the loans as work was completed, streamlining the payment process.

• Loan & Transaction Logs: Preczn's solution serves as a ledger, providing platform operators with clear visibility into loan applications, decisions, and drawdowns. This transparency ensures that all stakeholders have real-time access to crucial financial data.
  
  

The Results

By partnering with Preczn, the platform was able to quickly operationalize their loan offerings without the need for extensive in-house development. 

This allowed them to:

• Speed Up Implementation: The platform could immediately offer loans to homeowners, enhancing the value they provided to contractors and end-users.

• Improve Efficiency: Contractors benefit from a streamlined process, reducing administrative burdens and allowing them to focus on their core work.