Reconciliation exercise every draw
Budgets and commitments live in trackers. Invoices and journal entries live somewhere else. Every draw package is a manual reconciliation and an opportunity for something to slip through.
Products
Commercial Development
Replace Excel trackers and disconnected accounting with one operating record.
Credence gives commercial developers project management and accounting in one system. Budgets, contracts, change orders, invoices, draws, and ledger entries stay aligned automatically - so the draw package assembles itself.
Best fit
Developers that need budget-to-actuals, contracts, AP approvals, draw packages, lender reporting, and project accounting tied to the same record.
Why this keeps happening
The problem is not project tracking. It's that it doesn't talk to accounting.
Most developers improve one side without fixing the other. Either the project team has clean budget tracking in a spreadsheet that finance can't read, or finance has clean books that don't reflect what happened on-site. Every draw cycle, someone reconciles the gap. Credence removes that gap entirely.
Project tracking without the accounting
Project tracking tools get cleaner, but accounting is still a second system. Finance still has to reconcile what the project team thinks happened.
One record from budget to ledger
Budget lines, contracts, change orders, approvals, invoices, draws, and accounting records share the same data. The draw package generates from what already happened, not from a last-minute assembly.
How many hours did your team spend on the last draw package?
That number should be close to zero. When budget lines, contracts, invoices, and approvals are already in the system, the draw package assembles with a click.
Walk us through your draw processConnected development workflow
From budget setup to accounting record - without tracker drift.
Each step is connected to the ledger and the reporting package it supports. When something is approved, it propagates everywhere it needs to go.
01
Budget
Set the original budget, revised forecast, cost codes, and lender reporting format.
02
Contracts
Commit contracts directly against budget lines. Commitment rolls up automatically.
03
Change orders
Approve once. Commitments, variance, and audit detail update without re-entry.
04
AP approvals
Match invoices to contracts, approvals, source documents, and accounting treatment.
05
Draw package
Generate budget-to-actuals, invoice support, and lender-ready draw schedules from what is already in the system.
06
Accounting
Post to the project ledger from the same approved record. No second entry.
What you get
Budget control
Budget-to-actuals without a reconciliation sprint
Every contract, change order, invoice, and draw line ties directly to a budget line. Budget-to-actuals are calculated from the work itself, not from a weekly spreadsheet refresh that may already be stale when the draw is due.
Variance with support attached: original budget, revised budget, committed cost, paid-to-date, and remaining budget with contracts and invoices one click away.
Commitments
Change orders that update the budget when approved, not at the next refresh
Every subcontract and vendor agreement lives alongside its amendments, change orders, approval history, and budget impact. Approve a CO and the commitment schedule updates immediately rather than when someone remembers to update the tracker.
No second commitment schedule: change orders update commitments and variance automatically.
Payables
Automated AP integration, without manual re-entry
Invoices are ingested, matched to the underlying contract, and routed through your approval chain before they become accounting entries. Nothing gets lost between approval, draw support, and the books because it is all one record.
No duplicate entry: the approval context and source document stay attached straight through to the ledger.
Lender package
Draw packages that generate themselves
The full draw packet comes from what is already in the system: the budget-to-actual schedule, invoices, lien waivers, and cost certifications. You approved the work; Credence assembles the evidence package automatically.
Stop assembling by hand: data entered once at approval is collated automatically at draw time.
Common questions.
From commercial developers evaluating Credence.
Trackers and spreadsheets can look clean on the project side while finance still maintains a second truth in the ledger.
Credence ties budget lines, contracts, change orders, invoices, approvals, draws, and journal entries to the same record,
so the draw package and the books do not drift apart every cycle.
Yes. When invoices and change orders post from the same approved record that feeds budget-to-actuals,
draw support and accounting entries stay in sync. You are not rebuilding the package from exports that may
already disagree with what closed.
Yes. You can sequence budgets and commitments first, then tighten AP and posting rules, then lean on
generated draw collateral once the operating record is trusted. Each layer strengthens the same foundation.
AI helps extract terms from leases, flag anomalies, draft responses, and route work - always
with source links and human review built into the workflow. The system is designed so AI handles
repetition and humans stay in control of judgment calls.
No. You ingest what partners already send: invoices, lien waivers, contracts, and cost certifications.
The value is that approved work inside Credence rolls into budget, ledger, and draw collateral without a second entry.
Ready to get started?
Stop rebuilding draw packages from scratch every cycle.
We tailor the walkthrough to your budget format, lender reporting requirements, draw process, and accounting setup. See exactly how Credence handles your project structure.
Book a development demo
No setup fees · 30-day onboarding · Dedicated support