Adaptive, the AI-native financial management platform for the U.S. construction industry, is excited to showcase its latest product enhancements and milestones at Chicago Build Expo 2024. Designed to simplify construction finance, Adaptive helps builders of all sizes streamline their operations, save time, and improve profitability. Visit Booth 564 at the Chicago Build Expo to discover how Adaptive is driving success for construction businesses nationwide by making complex accounting processes elegantly simple.

Founded in 2022, Adaptive was born out of a deep understanding of the pain points in construction finance. After running a hands-on, white-glove bookkeeping service for builders, Adaptive’s founder Matthew Calvano, along with co-founders Henry Bradlow and Francisco Enriquez, recognized the fragmented and outdated systems that slow down general contractors, remodelers, and homebuilders. Adaptive strives to empower builders with an AI-native platform that simplifies their financial operations, automates tedious tasks, and provides instant clarity into their budgets and cash flow.

In July 2024, Adaptive closed a $19 million Series A round, led by Emergence Capital. This round highlights the growing demand for smarter, more efficient construction finance solutions. Adaptive’s innovative platform has quickly become a go-to tool for builders who want to streamline payment workflows, gain financial clarity, and scale their operations without adding complexity. Adaptive serves over 300 customers today, including custom homebuilders, commercial general contractors, and real estate developers.

Latest product updates and new features include:

• Lien Waiver Automation: Our newly released lien waiver management feature enables builders to automatically request, track, and store lien waivers as part of their payment process, reducing risk and ensuring compliance.

• Notification Center: The enhanced notification system now provides real-time updates for pending approvals, payments, and lien waivers, keeping projects on track and eliminating delays.

• Purchase Orders: Adaptive's platform now includes robust Purchase Order (PO) management, allowing builders to issue POs to vendors directly from the system.

• Vendor Tagging & Communication: Adaptive has enhanced vendor management with the vendor tagging capability, allowing users to tag and categorize vendors for easy reference and more streamlined communication.

The Adaptive team believes that builders deserve tools that are as intuitive as they are powerful. Adaptive doesn’t just reduce friction; it helps transform how construction companies operate financially, enabling growth and efficiency without the headache.

For more information about Adaptive, visit www.adaptive.build.