inBuild is a web-based application that automates financial processes and manages accounts payable for home builders by automatically processing documents and syncing with existing financial platforms. This solution reduces the time spent on financial management from 16 hours to under 4 hours per month, ensuring accuracy and organization in project financials.
Funding
$500K 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
Home builders often face challenges in managing project finances due to manual document processing, leading to time-consuming tasks, potential inaccuracies, and difficulties in maintaining organized records. This can result in delayed payments, errors in job costing, and difficulties in auditing financial data.
Solution
inBuild offers a web-based platform that automates accounts payable and financial processes specifically for the home building industry. The platform automatically uploads and processes documents from email, extracting key details and syncing them with existing financial platforms. This eliminates manual data entry, reduces the time spent on financial management, and ensures accuracy in project financials. inBuild provides features for job cost tracking, pay application creation, document review and approval, and electronic filing, all accessible through a user-friendly interface and mobile app.
Target Audience
inBuild primarily targets project managers, financial controllers, accountants, and owners within home building companies who seek to streamline their financial processes and improve accuracy.
Features
- Automatic document processing: Automatically uploads and processes invoices, pay applications, and other financial documents from email.
- Job cost tracking: Provides real-time updates to the schedule of values, offering an accurate financial status for projects.
- Pay application creation: Enables the creation of customizable pay applications with a single click.
- Review and approval workflows: Facilitates document review and approval processes among project managers and financial controllers.
- Electronic filing cabinet: Offers a searchable repository for past invoices and financial documents.
- Contract, change order, and lien management: Allows users to create and manage common construction documents.
- Integration with financial platforms: Syncs processed documents with existing accounting software.
- Mobile app: Enables users to upload documents from anywhere using their mobile devices.