Adaptive

In the construction industry, it can take anywhere from 60 to 90 days on average for contractors to be paid. This slowness has a real cost: slow contract payments raised construction costs by $273 billion in 2023. That's a 14% penalty on the total cost of construction projects, just waiting for money to move.

And that's where Adaptive comes in.

Adaptive helps general contractors more easily manage their finances and payments. With Adaptive, GCs can automate key workflows like transaction entry and coding, approvals, vendor compliance, and budget reporting.

They can also send and receive payments digitally and all transactions have a 2-way sync with Quickbooks. This enables GCs to spend less time and money tracking their finances and helps them stay more informed on the health of their projects and business.

Adaptive is filling a large gap in construction-focused financial management tools. Most construction firms today use software not built for the nuances of construction-specific financial processes, meaning they waste time and money to properly manage their books.

We're excited to work with Matthew and his co-founders, Henry Bradlow and Frank Enriquez, as they scale this rapidly growing business.