Finance providers can now use specialised software to operate in the construction sector, which was traditionally a ‘no-go zone’ for commercial lenders, due to its risks and complexities. This breakthrough comes as the result of recent developments carried out by HPD Software – the leading provider of IT solutions to factors, invoice discounters, supply chain finance programmes and asset based lenders.
HPD’s new technology, Aquarius Construction Finance, has been designed in collaboration with one of its key industry clients – specifically for lenders who fund construction sub-contractors. The module provides a solution to help protect the lender by managing the overall construction contract.
