Cellect
for the builders ahead of the curve

Fund it,build it,book it —on one setof numbers.

Agents read what arrives, check it against the books, and hand you the entry to approve.

Get in touch
the short answer

One record for the deal, the build and the books.

Investment management, construction and accounting in one place, not three. One set of numbers, whoever is asking — the sponsor, the team on site, or the people who funded it.

who it is for

For developers running several projects, several entities and one set of books.

for the sponsor
Scenario models, debt schedules and waterfalls on one set of numbers.
for the team building it
Budgets, draws and change orders, current while you can still act on them.
for the people keeping the books
Invoices read, transactions matched, entries proposed for approval.
for the people who funded it
Investor statements and data rooms built from live project data.
the three

Three products, one record underneath them.

Fi Invest

Deals, capital and what the funders see.

principals and investor relations

investor and lender rooms

Fi Build

Cost, change and the team on site.

project managers and owner's representatives

the project team

Fi Book

Payables, reconciliation and the statements behind both.

controllers and bookkeepers

vendor portal

The outward doors are the answer to what the people outside your company see, and they are built from the same records as everything inside it.

the draw package

Issue a draw — the package, the G702 and the backup, assembled from the budget rather than by hand.

cost report backupsupports line 2codecommittedincurredpaid03 1001,206,2001,145,8901,032,15006 1001,940,0001,358,0001,004,70015 4001,180,000413,000264,550change orders this period146,200schedule of valuessupports line 4codescheduledcompleted%03 concrete1,206,2001,145,8909506 framing1,940,0001,358,0007015 mechanical1,180,000413,00035completed to date2,916,890lien waiverssupports line 8tradeformcoveredconcreteunconditional1,032,150framingunconditional1,004,700mechanicalunconditional264,550conditional, this application469,645.50Application for paymentG702application no. 07 · period to 31 julyfor the lender1original contract sum4,180,000.002net change by change orders146,200.003contract sum to date4,326,200.004total completed and stored to date2,916,890.005retainage at 5%145,844.506total earned less retainage2,771,045.507less previous certificates2,301,400.008current payment due469,645.509balance to finish, plus retainage1,555,154.50attached — schedule of values, lien waivers, cost report backupcontractor’s certificationcost report backupsupports line 2codecommittedincurredpaid03 1001,206,2001,145,8901,032,15006 1001,940,0001,358,0001,004,70015 4001,180,000413,000264,550change orders this period146,200schedule of valuessupports line 4codescheduledcompleted%03 concrete1,206,2001,145,8909506 framing1,940,0001,358,0007015 mechanical1,180,000413,00035completed to date2,916,890lien waiverssupports line 8tradeformcoveredconcreteunconditional1,032,150framingunconditional1,004,700mechanicalunconditional264,550conditional, this application469,645.50Application for paymentG702application no. 07 · to 31 julyfor the lender1original contract sum4,180,000.002net change by change orders146,200.003contract sum to date4,326,200.004total completed and stored to date2,916,890.005retainage at 5%145,844.506total earned less retainage2,771,045.507less previous certificates2,301,400.008current payment due469,645.509balance to finish, plus retainage1,555,154.50attachedschedule of valueslien waiverscost report backupcontractor’s certification
figure — the draw packageone application, three sheets of backup, every column footing to the certificatered is the line the lender checks first

Committed, incurred and paid come off the cost report. The schedule of values foots to what is completed. The waivers cover what was certified last time. Nobody keyed a figure into this twice, and the lender gets the same numbers the project is run on.

how it works

From where it lands to the entry you approve.

  1. Work arrives from the places it already lands.

    Email is polled every two minutes. SharePoint channels, the Drive mirror, Slack threads, the bank feed and vendors uploading to their own portal all arrive the same way. Six inboxes watched.

  2. Every document is read and checked against the books.

    Classification, field and line extraction, five OCR backends, orientation, vendor resolution and cost coding — twenty-two workers in six groups. Bank transactions are matched against ledger lines, invoices, commitments and cash events.

  3. What leaves the building is assembled from the same records.

    Rooms, packages and drafts are built from the project itself rather than collected by hand the week they are due.

  4. The entry is written before anyone opens it.

    How sure the agent is decides who gets asked to look at it. A confident match goes to the accountant; an unclear one goes back to the person who knows what the money was for.

  5. Numbers move together, and nothing is lost when they change.

    Twenty-two kinds of record are versioned. Change an assumption and every report moves; the old one is still there.

the agents

Ten you ask.Six that runwhether you arethere or not.

Every one of them proposes; none of them posts.

what it will not do

Nothing posts on its own — every entry comes back for you to approve.

answers
Computed against the books as they stand. Approvers are set for the company and for each project, and nothing automated runs until it is switched on.
the tie-out
The tie-out between QuickBooks, AppFolio and Cellect is a stored reference, not a hope.
on the ground

The Lugano ran on Cellect from underwriting to the final distribution.

the building
Four units and 6,554 square feet in Jersey City, three of the four with outdoor space. Underwritten on Fi and reported on ever after; three more are under construction on it now.
the run rate
$100M+ in projects run on Cellect, across four projects live today.

Read the case study