Brighton Bank

Brighton Bank has provided financial services to its friends and neighbors for 40 years. The focus and mission of the Bank has been to provide the communities in which they reside an exceptional banking experience. This comes by offering sound financial products coupled with the wisdom of friendly, seasoned bankers.

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"CoFi has given me the peace of mind to know that all of the validation for my construction payment requests have been taken care of. I can then focus on accurately disbursing funds"

Erik Tadje—Brighton Bank

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Challenges

• Construction draws were time consuming.
• Data entry errors were common and hard to find.
• Manual systems made it difficult to locate payment history.
• Paper files were inefficient and difficult to parse through.

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Solution

Brighton Bank has been using CoFi to:

• Reduce time spent processing payments with draw automation.
• Validate payment requests from their builders and borrowers.
• Track detailed history of all construction disbursements.
• Maintain all job related files in one easily accessible location.

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Results

• 30-50% increase in draw department efficiency.
• No more data entry errors.
• 75% Reduction in time spent communicating with builders.
• Going paperless for all job tracking and history.

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