About Vendrix

The startup develops spend management software tailored for construction companies, enabling users to monitor transactions, allocate costs, and manage employee spending through a unified interface. Its platform includes user-friendly cards that facilitate budget control and spending tracking, addressing the need for financial oversight in a fragmented industry.

```xml <problem> Construction companies often struggle with fragmented financial oversight due to decentralized spending, manual receipt collection, and delayed expense reporting. This lack of real-time visibility makes it difficult to control budgets, track job costs accurately, and reconcile expenses efficiently. The industry needs a solution that streamlines spend management from the field to the accounting department. </problem> <solution> Vendrix provides a spend management platform tailored for the construction industry, integrating corporate credit cards, AP automation, and bill pay into a unified system. The platform enables real-time tracking of expenses, automated receipt capture via text message, and streamlined coding workflows integrated with construction accounting ERP systems. Vendrix empowers construction companies to proactively manage spending with features like customizable approval workflows, spending limits by category, and role-based permissions. By automating manual tasks and providing enhanced visibility, Vendrix helps construction companies save time, reduce errors, and improve profitability. The platform's integrations with ERP systems like Foundation Software, Viewpoint Spectrum, and Sage 100 Contractor ensure seamless data flow and eliminate manual data entry. </solution> <features> - Corporate credit cards with customizable spending limits and real-time tracking - Mobile app for receipt capture via text message and expense coding in the field - Automated approval workflows based on the company's organizational chart - Integration with construction accounting ERP systems (e.g., Foundation, Viewpoint Spectrum, Sage 100 Contractor) for streamlined job costing - Real-time fuel data and reporting, including fuel-only card capabilities - User-friendly general ledger with dynamic fields tailored for construction accounting - AP Automation to automate accounts payable workflows - Bill Pay to streamline and automate bill payments </features> <target_audience> Vendrix targets construction companies of all sizes in the United States, including CFOs, controllers, project managers, and field supervisors seeking to improve spend management and financial control. </target_audience> <revenue_model> Vendrix offers flexible pricing plans tailored to each customer's needs, with potential cost savings through its Bill Pay solution. </revenue_model> ```

What does Vendrix do?

Where is Vendrix located?

Vendrix is based in Birmingham, United Kingdom.

When was Vendrix founded?

Vendrix was founded in 2020.

How much funding has Vendrix raised?

Vendrix has raised 2260000.

Location

Birmingham, United Kingdom

Founded

2020

Funding

2260000

Employees

6 employees

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Vendrix

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Executive Summary

vendrix.co 300+

Founded 2020 – Birmingham, United Kingdom

Funding

Estimated Funding

$2M+

Team (5+)

No team information available.

Company Description

Problem

Construction companies often struggle with fragmented financial oversight due to decentralized spending, manual receipt collection, and delayed expense reporting. This lack of real-time visibility makes it difficult to control budgets, track job costs accurately, and reconcile expenses efficiently. The industry needs a solution that streamlines spend management from the field to the accounting department.

Solution

Vendrix provides a spend management platform tailored for the construction industry, integrating corporate credit cards, AP automation, and bill pay into a unified system. The platform enables real-time tracking of expenses, automated receipt capture via text message, and streamlined coding workflows integrated with construction accounting ERP systems. Vendrix empowers construction companies to proactively manage spending with features like customizable approval workflows, spending limits by category, and role-based permissions. By automating manual tasks and providing enhanced visibility, Vendrix helps construction companies save time, reduce errors, and improve profitability. The platform's integrations with ERP systems like Foundation Software, Viewpoint Spectrum, and Sage 100 Contractor ensure seamless data flow and eliminate manual data entry.

Features

Corporate credit cards with customizable spending limits and real-time tracking

Mobile app for receipt capture via text message and expense coding in the field

Automated approval workflows based on the company's organizational chart

Integration with construction accounting ERP systems (e.g., Foundation, Viewpoint Spectrum, Sage 100 Contractor) for streamlined job costing

Real-time fuel data and reporting, including fuel-only card capabilities

User-friendly general ledger with dynamic fields tailored for construction accounting

AP Automation to automate accounts payable workflows

Bill Pay to streamline and automate bill payments

Target Audience

Vendrix targets construction companies of all sizes in the United States, including CFOs, controllers, project managers, and field supervisors seeking to improve spend management and financial control.

Revenue Model

Vendrix offers flexible pricing plans tailored to each customer's needs, with potential cost savings through its Bill Pay solution.