Built with Billd: Improving financial visibility in construction

Published: September 20, 2021
Last updated: September 21, 2021
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Summary

Supply chain issues, labor shortages, and outdated technology negatively impact the financial health of many construction companies. Before co-founding Briq, Ron Goldshmidt realized that the financial technologies available to construction companies were difficult to implement – and, because they weren’t designed specifically for construction, they rarely fulfilled the needs of the industry. 

Finance teams within growing construction companies are limited by their budgets and often don’t have enough resources to enable accurate financial tracking. Briq, a corporate performance management solution built specifically for construction, is aiming to solve these problems. By streamlining and automating financial workflows, Briq enables smarter financial decision making while decreasing the likelihood of errors.

By improving the way you track finances, you are able to more accurately track budgets, making project planning, in turn, significantly easier. Unlocking the ability to see your cash flow in real time allows you to take on more projects with greater confidence.

“ Construction CFO’s have the worst job in the world… They have several hundred projects, sometimes more, in their portfolio that they have to keep tabs on; all moving at different cadences at the same time; all without a ton of support from a technology perspective… Luckily there are some really great things come aboard the industry” – Ron Goldshmidt, CRO and Co-founder, Briq