The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
4
print
Print
OtherFri 11 May 18

Top Tips for Implementing eContracts

cd395287-a58f-4e2d-b94c-6068d866c013

Innovation is redefining the way business is done in the property development industry.

From the use of 3D printing for construction to virtual reality display suites, the industry is hungry for new ideas that allows it to do things better and more cost-effectively.

Electronic contract exchange is another example of reimagining an existing process to devise a better approach.

Maddocks eContracts has been tailored in conjunction with the property development industry and lead financiers to deal with problems in the paper-based process that has been used for decades.

One of the main changes is that Maddocks eContracts allows developers to move from a paper-based process that could take a number of weeks, to one that can be completed in minutes in an efficient and bankable way

Then there are the environmental benefits, with the elimination of the need for couriers and postage.

The combination of a faster, more accurate process and a reduction in cost and environmental impact means that many in the property development industry have already taken the step to incorporate Maddocks eContracts.

There are key considerations when moving from paper to paperless contracts of exchange.

Having launched the Maddocks eContracts platform in 2016 and now processing several thousand eContracts per annum the team have established experience in helping their clients transition to, and smoothly implement their efficient, instantaneous online platform.

Related reading: eContracts the Solution for Fast and Secure Exchange of Property

Here are Maddocks top tips for implementing eContracts

  1. Taking advantage of a system approved by banks – a number of banks have already funded projects utilising Maddocks eContracts.

  2. Training – it’s important that all the users of system are familiar with how it works. Maddocks work with the project team to guide them through the system and provide comprehensive training along with dedicated support resources on an ongoing basis.

  3. Integration and deployment – to ensure successful deployment of Maddocks eContracts, Maddocks provide their clients with a checklist of all required technical requirements.

  4. Testing – Maddocks facilitate comprehensive testing of Maddocks eContracts for each client, to ensures the platform runs as it should for purchasers.

Learn more about Maddocks eContracts and how they can help you move to paperless, at the Maddocks website.


The Urban Developer is proud to partner with Maddocks to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.

OtherAustraliaOther
ADVERTISEMENT
TOP STORIES
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
View All >
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
Hotel

Perth Hotel New Role Revealed After $105m Sale

Lindsay Saunders
Third.i Crows Nest Dolls House render EDM
Build-to-Rent

Thirdi Scraps Office Tower for Crows Nest Over-Station Site

Vanessa Croll
Days after lodging a shoptop scheme at Gladesville, the developer has shifted gears on its North Shore project…
LATEST
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Hotel

Perth Hotel New Role Revealed After $105m Sale

Lindsay Saunders
2 Min
Third.i Crows Nest Dolls House render EDM
Build-to-Rent

Thirdi Scraps Office Tower for Crows Nest Over-Station Site

Vanessa Croll
4 Min
Kangaroo Point Aria Canopy House Revised DA Approval hero
Development

Aria’s Revised Tower Greenlit for Inner-City Kangaroo Point

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/top-tips-for-implementing-econtracts