he Brief

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- inBuild is transforming the accounts payable process by offering customizable workflows that streamline financial tasks and eliminate tedious data entry, making it easier to meet complex financial needs.

- CEO & Co-Founder: Ty Sharp

- Co-Founder: Ian Sharp

- Investors: Y Combinator (W23)

- History: Just Launched

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Ty and Ian Sharp, Colorado-based brothers, have created a groundbreaking solution for the $2.7 trillion US construction industry. inBuild uses AI to identify documents from incoming emails, extract key data, route it to the right team members, process payments, and reconcile expenses with project budgets.

Construction teams that use inBuild have real-time visibility into the financial health of their projects and company. Documents are automatically cataloged and easily accessible on the go. This solution has already had a major impact for one of their clients, Keelty Construction, which works with over 1,700 subcontractors, vendors, and suppliers.

‎Before implementing inBuild, Keelty's project managers spent an average of 20+ hours per month on administrative and billing tasks, costing the company $250,000 per year. InBuild has reduced 95% of manual data entry, increased workflow and efficiency by 10 times for all team members, and seamlessly integrated with Keelty's existing applications, including Sage, Quickbooks, and Procore.

A representative from Keelty Construction said, "The integration was nearly seamless: the fact that it works with our other software was a huge add. The improvements seen from the team have been all-encompassing."

Delayed and incorrect payments have long been a major issue in the construction industry, leading to delays and unrealistic client expectations. inBuild solves this problem by streamlining the payment process and improving cash flow for construction companies. Companies currently using inBuild have saved an average of $50,000 and 727 employee hours annually.

In addition to its payment capabilities, inBuild also has a feature called Balance, which allows for direct payments to subcontractors from the dashboard. The fast implementation process allowed inBuild to go live in just over 60 days, streamlining time to value and bringing a minimal development resource solution to market. Since implementation, inBuild has moved directly from offline to online payments, giving subcontractors more options for receiving payment and reducing the risk of fraud.

inBuild is changing the way payments are managed in the construction industry. Their intelligent solution automatically extracts incoming invoices, captures data fields, and routes documents to the right team members for review, all while seamlessly integrating with existing applications. This streamlines the payment process and gives construction finance specialists more time to leverage project data and improve their payment process.

The Sharp brothers are looking to connect with general contractors in the industry and invite interested parties to share inBuild with their connections and book a demo to see the value for themselves. They are also open to recommendations for integrations and features.