inBuild

inBuild is a specialized, AI-driven financial management platform meticulously crafted for the construction industry. It addresses the complex financial challenges faced by builders, project managers, and financial controllers by automating and simplifying critical processes. The platform serves as a central hub for all project-related financial documents, including invoices, pay applications, change orders, contracts, and liens, ensuring nothing is ever missed. By leveraging artificial intelligence, inBuild significantly reduces manual data entry, minimizes human error, and frees up valuable time for teams to focus on core business operations and project execution.

The system is designed to cater to various roles within a construction company. For Owners, it provides the financial accuracy and cost savings needed for confident decision-making. Project Managers can manage project financials from anywhere, even the job site, using the mobile app. Financial Controllers gain an organized, centralized process, and Accountants can seamlessly sync data with other financial platforms like Procore, eliminating the tedious task of translating cost codes to accounts.

How to use inBuild

Getting started with inBuild is a structured process designed for seamless integration into your existing workflows. Here’s a typical user journey:

1. Centralize Documents: Begin by connecting your company's email inbox to inBuild. The platform will automatically pull in all relevant financial documents. Alternatively, use the inBuild mobile app to snap photos of physical receipts and documents on the go. All documents land in a single, unified inbox.
2. Automated Processing: Once a document is in the system, inBuild's AI-powered digital assistant gets to work. It automatically scans the document, extracts key information such as vendor details, invoice numbers, dates, and line-item costs, and codes it accordingly.
3. Review & Approve: The processed documents are then routed through customized approval workflows. Project managers and other stakeholders can review, edit, and approve invoices and other items directly from their computer or mobile device, ensuring approvals are timely and efficient.
4. Track Project Costs: As documents are processed and approved, inBuild automatically updates the project's 'schedule of values'. This provides a live, accurate financial status for every job, enabling precise job cost tracking and budget management.
5. Generate Reports & Pay: With a single click, you can generate and export fully customizable pay applications for clients. Furthermore, you can sync all processed data with your primary accounting software and use the in-App ePayments feature to pay subcontractors quickly via ACH, check, or credit card.

Core Features of inBuild

• Automatic Document Processing: AI technology automatically uploads and processes financial documents from your email, extracting key details to eliminate manual data entry.
• Unified Accounts Payable Inbox: A centralized location for all payable documents, whether they arrive via email, the mobile app, or direct integration from platforms like Procore.
• Automated Job Cost Tracking: A dynamic schedule of values that updates in real-time, providing the most accurate financial status for all your projects.
• Customizable Workflows: Tailor approval processes and chains to fit your company's unique structure and project requirements, maintaining control while accelerating decisions.
• One-Click Pay Application Creation: Effortlessly export completely customizable pay applications to meet specific client needs.
• Seamless Integrations: Connect and sync data with your other essential financial and project management platforms with a single click.
• Mobile App Accessibility: A fully-featured mobile app for iOS and Android allows you to submit documents, review invoices, and manage approvals from the field.
• In-App ePayments: Streamline your payment process by paying subcontractors and vendors directly through the platform.

Use Cases for inBuild

inBuild is versatile and beneficial for various construction professionals:

• General Contractors: Manage the complex flow of invoices and payments for numerous subcontractors across multiple projects, ensuring everyone is paid accurately and on time.
• Custom Home Builders: Maintain meticulous budget control and provide clients with transparent, up-to-date financial reports and pay applications.
• Project Managers: Stay on top of project financials without being tied to a desk. Approve invoices and review costs from the job site, preventing delays.
• Financial Controllers & Accountants: Drastically reduce time spent on manual data entry and reconciliation. Centralize all financial documents and ensure seamless data flow into the main accounting system.

Advantages of inBuild

inBuild offers a competitive edge through several key advantages:

• Massive Time Savings: Users report cutting financial management time by up to 75% (e.g., from 16 hours a month to under 4).
• Enhanced Financial Accuracy: The AI component significantly reduces the risk of costly errors associated with manual data entry.
• Centralized & Organized Process: All financial documents and workflows are in one place, providing clarity and control.
• Improved Stakeholder Relationships: Faster approvals and payments lead to better relationships with clients and subcontractors.
• Expert, US-Based Support: Access to a highly responsive support team (under 5-minute response time) with real-world construction industry experience.
• Predictable, Scalable Pricing: All plans include unlimited users and data storage, allowing your entire team to collaborate without incurring extra fees as you grow.

Pricing and Plans

inBuild offers transparent, value-based pricing with plans that include unlimited users and data storage.

• Essential Plan: Designed for builders with up to $5 Million in Annual Construction Volume. This plan includes unlimited projects, document storage, and data exports, the Personal Digital Assistant, the full Accounts Payable Suite, 1 standard integration, and standard support. Pricing is available upon scheduling a call.
• Enterprise Plan: A custom-priced plan built for larger businesses with more complex needs. It includes everything in the Essential plan, plus features like ePayments, a full integration suite, customized exports and workflows, backlogged project data import, customized feature access, and premium support.

A flexible trial period is available upon consultation with an account representative. Billing is typically done on a yearly basis, though other schedules can be explored. ePayment fees are $2 per ACH transaction, $4 per check processed, and 2.9% per credit card transaction.