About

Adaptive.build offers a financial management platform designed for the construction industry, featuring automated bookkeeping, cash flow management, vendor compliance, and real-time budgeting integrated with Quickbooks. It helps builders and remodelers manage job costs, maximize profits, and gain project visibility by simplifying tasks like bill payments and budget tracking. Unlike competitors, Adaptive.build focuses specifically on the unique financial challenges of construction projects, providing a comprehensive solution that saves time and enhances accuracy. The company's goal is to improve financial performance for its users through efficient management tools, operating on a subscription model.

Simplify's Take

What believers are saying

• Adaptive closed a $19M Series A to enhance construction finance with AI.
• The platform addresses slow payments, a $273 billion issue in construction.
• Integration with AI tools can improve budgeting and forecasting accuracy.

What critics are saying

• Procore Technologies' FedRAMP authorization could threaten Adaptive's market share.
• The slow payment cycle in construction may impact Adaptive's financial stability.
• Reliance on Quickbooks integration poses risks if service disruptions occur.

What makes Adaptive unique

• Adaptive offers automated bookkeeping and cash flow management for construction businesses.
• The platform integrates with Quickbooks for streamlined financial operations.
• Adaptive allows users to create a draw with cost backup in under a minute.

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