Briq is a financial automation platform that employs artificial intelligence to streamline financial workflows in the construction industry, including project and revenue forecasting, accounts payable, and corporate planning. By automating repetitive tasks and providing real-time financial insights, Briq enhances operational efficiency and accuracy, enabling construction firms to make informed business decisions and improve profitability.
Funding
$51M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Construction firms often struggle with inefficient financial workflows due to manual data entry, disconnected systems, and a lack of real-time visibility into project finances. This can lead to inaccurate forecasting, cost overruns, and reduced profitability.
Solution
Briq offers an AI-powered automation platform designed to streamline financial operations for the construction industry. The platform uses digital workers to automate repetitive tasks such as data entry, reporting, and allocations, ensuring data accuracy and freeing up staff for strategic initiatives. By connecting people, technology, and processes, Briq provides a unified view of financial information, enabling better-informed business decisions. The platform offers tools for project forecasting, revenue forecasting, accounts payable automation, and corporate planning, helping construction companies maximize profitability and improve cash flow management.
Target Audience
Briq targets construction firms of all sizes, including project managers, accountants, estimators, field managers, and CFOs.
Features
- AI-powered digital workers for automating financial and operational tasks
- Project forecasting with real-time financial information and historical data
- Revenue forecasting to predict profit confidently
- Automated accounts payable processes, including invoice processing
- Corporate planning tools for cash flow management and financial health monitoring
- Integration with existing on-premise and cloud software applications
- Customizable dashboards and reports for tracking key performance indicators (KPIs)