inBuild Product Overview
inBuild is a revolutionary AI-powered solution designed to transform the accounts payable process and financial management within the construction industry. Created by Ty and Ian Sharp, this innovative platform aims to streamline financial workflows, enhance efficiency, and provide real-time visibility into project finances.
What inBuild Does
inBuild bridges the gap between email, legacy software, and modern financial management by automating key aspects of the accounts payable process. It uses advanced AI to identify and extract data from incoming documents such as invoices, route them to the appropriate team members for approval, process payments, and reconcile expenses with project budgets. This integration ensures that construction teams have a unified and efficient system for managing their financial tasks.Key Features and Functionality
- Invoice Processing: inBuild automatically extracts incoming invoices, captures data fields, and routes the documents to the right team members for review and approval.
- Vendor Management: The platform manages interactions with vendors, subcontractors, and suppliers, ensuring seamless communication and payment processes.
- Payment Processing: inBuild facilitates payment processing, including direct payments to subcontractors from the dashboard, reducing the risk of fraud and offering multiple payment options.
- Expense Management: It integrates expense management, allowing for the tracking and reconciliation of expenses against project budgets in real-time.
- Purchase Order Matching: The system matches purchase orders with invoices and receipts, ensuring accuracy and completeness in financial records.
- Approval Workflow: Customizable approval chains are designed to fit the unique structure and project demands of each company, accelerating decision-making and maintaining control.
- Reporting and Analytics: inBuild provides real-time financial analytics and reporting, enabling better decision-making and early identification of potential issues.
- Document Management: All payable documents are consolidated into a unified inbox, accessible via email, mobile app, or integration with other tools like Procore.
- Integration with Other Tools: inBuild integrates with various industry-standard software such as DocuSign, Procore, QuickBooks Desktop, and Sage 100, ensuring seamless workflow and data synchronization.
- Mobile Access: The platform offers mobile access, allowing users to manage their financial workflows on the go.
- Fraud Detection and Duplicate Payment Detection: inBuild includes features to detect and prevent fraudulent payments and duplicate payments, enhancing financial security.
- Audit Trail and User Permissions: The system maintains a detailed audit trail and allows for customizable user permissions, ensuring transparency and security in financial operations.