The major customers of the dashboard are C-level executives, house owners, and buying managers at building firms. Today, they usually create lump sum POs of their accounting software program to trace job price commitments. Such POs don’t have any particulars about what supplies are being bought, at what quantity and what costs. This makes it unattainable for contractors to see which supplies are bought throughout totally different jobs or observe how materials costs fluctuate all year long.
That’s the place Field Materials AI is available in. It reads vendor quotes and invoices, extracts particular person materials costs, and tracks how they modify all year long. Construction executives can use the real-time dashboard to trace all materials buy volumes and costs and use this knowledge to barter quantity reductions with their suppliers. In addition, when bidding on or beginning a brand new job, they’ll lock in quantity buyouts for the estimated supplies for the job which might be more likely to fluctuate in value. The dashboard additionally identifies which supplies are finest to inventory of their warehouse primarily based on their buy quantity and value volatility.
“A rising variety of prospects come to us organically on the lookout for the capabilities Field Materials AI supplies. An enormous a part of this curiosity is their want for visibility into building materials costs. Pricing Intelligence empowers contractors to remain forward of the competitors.” – Eldar Sadikov, CEO and Co-Founder of Field Materials AI.
About Field Materials AI
Field Materials is the main AI procurement platform for building. Its internet and cell apps streamline materials buying and gear leases, stock administration, and prefab operations. Its platform seamlessly integrates with all main building ERPs, eliminating handbook knowledge entry for buy orders, invoices, packing slips, and receipts, and saves 5-10% in materials prices. Customers throughout 12 building trades, 30 US states, and 4 international locations belief Field Materials to course of >$700M in materials purchases yearly. Founded in 2022 by serial entrepreneurs with profitable exits, the corporate has raised ~$19M in enterprise capital and grew 3x within the final 12 months. For extra info, please go to www.fieldmaterials.com.
Media Contact
PR Manager, Field Materials AI, 1 415-237-3727, [email protected], https://www.fieldmaterials.com
SOURCE Field Materials AI
