CostCrunch provides AI‑driven invoice auditing for construction contractors, automatically comparing each line‑item against historical spend and local market rates to flag overcharges and duplicate invoices. The platform extracts line‑item data with 99% accuracy, syncs approved savings to QuickBooks or Sage in a single click, and centralizes all invoices, quotes, and statements in a searchable hub, enabling faster, data‑backed estimating and reduced manual entry.
Funding
Funding not disclosed
Founders
Product
Problem
Contractors often spend excessive time manually reviewing invoices, leading to missed overcharges, duplicate payments, and inaccurate cost estimates. Without automated benchmarking against historical data and market rates, they cannot reliably control margins or answer basic spend queries.
Solution
CostCrunch offers an AI-powered platform that automatically extracts line‑item details from invoices with 99% accuracy and audits each entry against the contractor’s own purchase history and live local market rates. The system flags price spikes, duplicate invoices, and other anomalies in real time, allowing users to approve or reject charges with a single click. Approved invoices can be synced instantly to accounting systems such as QuickBooks or Sage, eliminating manual data entry. All documents—including invoices, quotes, and statements—are stored in a searchable, project‑organized hub, providing instant access to spend analytics and supporting rapid, data‑driven estimating for new jobs.
Target Audience
Primary users are general contractors, subcontractors, and specialty trade firms that regularly purchase materials and need automated invoice validation and cost visibility.
Features
- AI extraction engine that processes PDFs, images, and multi‑invoice PDFs with 99% line‑item accuracy
- Automated comparison of each line item to historical purchase data and live local market rates to detect overcharges and duplicates
- One‑click sync of approved invoices to QuickBooks (Online/Desktop) and Sage, removing manual entry
- Centralized, searchable document repository with auto‑sorting by project, vendor, or item
- Real‑time spend dashboards and job‑level cost tracking to inform precise bid estimates
- Integration with email (Gmail/Outlook) and cloud storage for seamless invoice capture
- Enterprise‑grade encryption for data in transit and at rest, ensuring invoice confidentiality