How inBuild simplified B2B payments for the construction industry
inBuild is changing how payments are managed in the construction industry. They offer construction businesses an intelligent solution that bridges the gap between email and legacy software by automatically extracting incoming invoices, capturing data fields, and routing documents to the right team members for review.
All that data then flows seamlessly into the project budget to provide real-time, system-wide visibility into any project's financial health. inBuild allows construction finance specialists to spend less time on manual data entry and more time leveraging project data to improve their payment process.
Removing payment barriers for the construction industry
inBuild was started to give custom home builders and general contractors a secret weapon over the mountains of subcontractor and material invoices that accumulate with every project. By automatically importing payment documents and analyzing pertinent information with AI and OCR, account payable teams can eliminate the previously tedious steps of reading and entering each invoice.
This saves teams precious time and allows them to focus further on data analysis and broader project overview. Companies currently using inBuild have seen an average savings of $50,000 and 727 employee hours annually. inBuild gives time and money back to general contractors. This can be used to relieve hard-working employees, take on new projects, and use specialized employees to take on higher-level tasks than simple data input. The streamlined process with inBuild allows businesses to invest in growth, instead of pouring costs and resources into lengthy and manual processes.
Balance has been an excellent partner thus far. Their solution was developed into our system seamlessly and the payment processing they offer is superior to that of other companies. I would highly recommend Balance as a payment provider.
-Ian Sharp, COO
Taking B2B payments to the next level
With Balance, inBuild has integrated direct payments to subcontractors right from the dashboard. Thanks to the fast implementation process, inBuild was able to go live in just over 60 days, accelerating time to value and going to market with a solution that involved minimal development resources. Since implementation, inBuild has moved directly from offline document processing and review to seamless online payments.
Thanks to fast B2B payment processing and one-click payment options, inBuild was able to help their customers avoid missed or delayed invoices. Balance gives custom home builders and general contractors the power to make payments quickly, securely, and hassle-free, keeping their subcontractors and partners happy. Plus, with less time going towards cutting checks and managing paper invoices, the Balance / inBuild partnership enables merchants in the construction industry to grow their business and truly scale.