Varicon is a civil construction cost management platform that provides real-time cost tracking, payroll automation, and progress claims management to enhance financial visibility and operational efficiency for construction teams. By minimizing double handling of cost information and streamlining documentation processes, Varicon helps reduce financial risk and improve cash flow projections for site and office-based staff.
Funding
$2.3M 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.
BNFounders
Product
Problem
Civil construction projects often suffer from cost overruns and lack of real-time visibility into financial performance due to reliance on disconnected spreadsheets and manual data entry. This can lead to errors, delays in identifying issues, and difficulty in maintaining accurate cash flow projections. The double-handling of cost information and inefficient documentation processes further exacerbate these challenges.
Solution
Varicon is a cost management platform designed specifically for the civil construction industry, providing real-time cost tracking, AP automation, and streamlined progress claims management. The platform connects field-based data with office systems, offering enhanced financial visibility and operational efficiency. By automating invoice processing with AI-powered OCR and facilitating three-way matching, Varicon reduces accounts payable workload and minimizes overpayments. The mobile-friendly platform simplifies timesheet entry and payroll processing, while digital custom forms eliminate paperwork and improve OHS compliance.
Target Audience
Varicon targets civil construction companies, including site and office-based staff such as construction managers, finance managers, and project managers, seeking to improve cost control, reduce administrative overhead, and enhance project visibility.
Features
- Real-time cost tracking for labor, materials, and equipment
- AI-powered OCR for automated invoice processing and three-way matching
- Mobile-friendly site diary for capturing weather, labor, equipment, and progress updates
- Payroll automation with direct integration of timesheet data and project line items
- Digital custom forms for pre-starts, toolbox meetings, SWMS, and incident reports
- Progress claims and variations management with real-time status tracking
- Dayworks docket management with mobile app creation and on-site sign-off
- Integration with accounting and ERP systems
- Forecasting tools for project cost projections
- Management dashboard for real-time insights into project performance