Unified Data, Effortless Efficiency: The Smart Alternative
Rabbet was founded with one mission: modernizing construction finance for everyone. Our platform gives real estate developers and lenders a unified, reliable platform to simplify construction finances.
While some software vendors use pressure tactics to convince you to buy, we want you to make the decision that best fits your needs, even if it’s not us. Explore the comparison below to see which software vendor is the right fit for you.
Rabbet was founded with a mission to modernize construction finance by streamlining loan administration processes for lenders, developers, and real estate finance teams. The Rabbet platform gives real estate developers and lenders a reliable, unified system to manage construction loans.
Northspyre, founded in 2017, is a cloud-based platform designed to streamline the management of real estate development projects. Northspyre leverages artificial intelligence to help developers manage budgets, track project performance, and reduce risks.
Functionality Overview
Features Comparison
Rabbet
Northspyre
Budget Planning
Basic
Basic
Budget Cost Categories
Unlimited
Extensive
Budget Templates
Unlimited
Basic
Homebuilder Tracking
Limited
Budget Allocation Management
Extensive
Limited
Budget History
Robust
Limited
Funding Source Management
Extensive
Basic
Pro Forma Management
Not Applicable
Not Applicable
Email Document Import
Basic
Basic
Project Document Management
Basic
Not Applicable
Financial Document Management
Extensive
Limited
Automated Workflow Approvals / Governance
Extensive
Basic
Real-Time Job Costing
Basic
Basic
Job Cost Summary and Detail Reports
Basic
Basic
Pipeline Management
Basic
Basic
Real-time Reporting
Extensive
Limited
Project Scheduling (Critical Dates and Milestones)
Basic
Basic
Project Risk Alerts
Robust
Not Applicable
Lien Waiver Management
Basic
Payment Management
Third-Party
Third-Party
Inspection Management
Basic
Third-Party Portal
Basic
Quality and Safety Management
Not Applicable
Not Applicable
Bid Management
Not Applicable
Not Applicable
Contract Management
Extensive
Contract / Exposure Tracking
Extensive
Limited
Anticipated Cost Forecasting
Extensive
Basic
Vendor Management
Basic
Basic
Draw Management
Robust
Basic
Data Management
Easy Import / Export
Limited
Communication / Collaboration
Robust
Basic
Task Management
Basic
Basic
Integrations
Rabbet
Northspyre
Yardi Invoice
Basic
Basic
Sage
Not Currently
Basic
Quickbooks
Basic
Basic
AvidXChange
Basic
Not Applicable
MRI
Basic
Basic
Nexus
Basic
Basic
Bill.com
Basic
Not Applicable
Proprietary Systems
Extensive
Unknown
Ease of Use
Rabbet
Northspyre
User Interface
Modern
Limited
Navigation
Intuitive
Difficult
Learning Curve
Easy
Challenging
Customization
Robust
Limited
Access Control
Robust
Limited
Mobile Accessibility
Limited
Unknown
Reliability
Rabbet
Northspyre
Performance
Security
SOC-2 Certified
SOC-2 Certified
Customer Support
Rabbet
Northspyre
Phone Support
Limited
Basic
Email / Help Desk
Industry Experts
Basic
Live Chat
Industry Experts
Basic
Online Knowledge Base
Extensive
Basic
Webinars and Training
Basic
Basic
Customer Satisfaction (CSAT)
94%
No Information Available
Average Response Time
7 Minutes
No Information Available
Onboarding
Designated Rabbet Support
No Information Available
Data Migration
Performed by Rabbet (optional)
Performed by Northspyre
Product Development
Collaborative with customers
Unknown
Company Overview
Company Overview
Rabbet
Northspyre
Founded
2017
2017
Corporation
Private
Private
Mission
To streamline construction finance by connecting people, data and systems.
To empower real estate project teams by providing them with advanced tools and technology to make data-driven decisions.
Industry Leadership
Annual Industry Reports: Payments, Construction Finance
Not Applicable
Primary Customers
Lenders, Developers, Service Providers, Owners, Capital Providers
Real estate developers, project managers, and internal real estate teams
Use Cases
Rabbet enables accounting teams to have total control over their processes by integrating with accounting software. Rabbet integrates with popular accounting and accounts payable software like Yardi, MRI, and QuickBooks.
Northspyre’s platform provides integrations with several accounting systems. However, users report that they are difficult to set up.
The Rabbet platform integrates with several AP and accounting systems, including Yardi. Rabbet seamlessly connects with accounting software while restricting the development team’s access to accounting systems.
Northspyre’s complex platform requires white glove service and a lengthy ramp up period. Available integrations may be too difficult to implement independently, requiring extra requests from customer service.
Yardi provides an integrated solution for Accounting teams familiar with the Yardi Suite of products. Rabbet enables accounting teams to keep development out of the accounting software and seamlessly integrate into the Yardi system. This results in less work for the accounting team.
Yardi provides an integrated solution for Accounting teams familiar with the Yardi Suite of products. Rabbet enables accounting teams to keep development out of the accounting software and seamlessly integrate into the Yardi system. This results in less work for the accounting team.
Yardi provides an integrated solution for Accounting teams familiar with the Yardi Suite of products. Rabbet enables accounting teams to keep development out of the accounting software and seamlessly integrate into the Yardi system. This results in less work for the accounting team.
Yardi provides an integrated solution for Accounting teams familiar with the Yardi Suite of products. Rabbet enables accounting teams to keep development out of the accounting software and seamlessly integrate into the Yardi system. This results in less work for the accounting team.
Performance
Rabbet
Northspyre
Security
SOC-2 Certified
SOC-2 Certified
SOC-2 Certified
Real estate developers trust Rabbet to support projects from $500,000 to over $500 million
FAQ's
Why is Northspyre so expensive?
Northspyre has several complex features that are expensive to create and difficult to use. Rabbet focuses on simplicity and efficiency. We encourage people considering Northspyre to evaluate whether the additional bells and whistles justify the higher cost.
Additional Resources
Get in touch
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