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About Adaptive
Adaptive is the most powerful financial management tool for the construction sector, interfacing seamlessly with your financial systems to automate invoicing, billing, and project financial analysis. Harness artificial intelligence to streamline processes, from automated receipt capture to real-time budget monitoring. Adaptive also allows on-site teams can instantly allocate costs, visualize real-time estimated vs. actual reports, and maintain up-to-date vendor compliance docs, all while ensuring secure and swift bookkeeping.
Adaptive pricing
Adaptive does not have a free version and does not offer a free trial. Adaptive paid version starts at USD 300.00/month.
Starting Price:
USD 300.00/month
Free Version:
No
Free trial:
No
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Adaptive Reviews
Feature rating
5 reviews of 28
View all reviews
Mark
- Industry: Construction
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
5
Reviewed on 29/11/2023
Tranformative software upgrade
I'm more impressed at their INCREDIBLE customer service and efforts and passion about helping US as a construction firm. They CARE deeply that we succeed, make money and manage it seamlessly. This is a big sales tool as well when explained to not only our team but also our clients.
Pros
The ease of use and accessibility to our entire team is a game changer. Everyone loves how simple it is to use and see at a glance what is happening. Its just so intuitive that even if you don't know what your doing your instinct leads you to the right thing because of how its laid out.
Cons
That they were not around 20 years ago when I started!!
Chris
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 1+ year
-
Review Source
5
Reviewed on 06/10/2023
Must-have augment to your project software - also stands on it's own for financial management
Really innovative financial tools that are super easy to use. Great customer service (although I don't need it much because the software is quite intuitive). New and thoughtful features that obviously consider the pain builders feel with the challenges of construction accounting.
Pros
Adaptive is hyper focused on solving a critical and neglected issue with construction finance: smart and efficient day-to-day bookkeeping. Collecting cost transaction info- check. Paying bills easily via ACH - check. Tracking budget vs. actual and syncing beautifully with Quickbooks - check. The BIG SHOWSTOPPER with Adaptive though is the quick invoice/draw creation process. I can create a draw including all cost backup (i.e. images of bills and receipts) literally in under a minute. This used to take maybe an hour for really big invoices/draws, and for sure 10-20 minutes on smaller invoices/draws. Huge time savings. Big gains in reporting.
Cons
I hope to see some more development around A/R payment collection (actually collecting customer payments via the app) and around predictive budgeting (helping predict project financial outcomes mid-project).
Alternatives Considered
BILL Spend & Expense (Formerly Divvy), JobTread, BILL Accounts Payable & Receivable, Knowify, Buildertrend, Melio and CoConstructReasons for Choosing Adaptive
I needed construction specific budgeting and A/P solutions. There are good A/P solutions out there but they don't cater to Builders' needs. There are good construction management softwares out there but they aren't dialed in enough on the financial side of things. It's great to have really good financial tools that I can bolt on to project management software.I am an expert in construction finance, having previously served as CFO of a large production builder and now running an accounting firm focused on the industry. We recommend Adaptive as an augment to tools like Buildertrend, CoConstruct, Buildtools, etc. or as a stand alone tool for those who aren't considering using the project management features of the bigger software packages.Switched From
BILL Spend & Expense (Formerly Divvy), BuildTools, BILL Accounts Payable & Receivable and MelioReasons for Switching to Adaptive
Best in class automation of financial processes and reporting
Adam
- Industry: Construction
- Company size: 2–10 Employees
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 19/02/2024
8 Month User
Very positive. Great and fast support. Enhancements regular.
Pros
Workflow Approvals and Cost Code Accounting Accuracy
Cons
Cost - I find it expensive compared to full service construction project management software
Brooke
- Industry: Construction
- Company size: 11–50 Employees
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 06/10/2023
Easiest way to stay on top of the books
I really have enjoyed Adaptive. The ease of the software and the team has been great at being receptive to things we are working on or certain reports we need.
Pros
I used to spend hours upon hours tracking down receipts from employees and bills from subcontractors. Now, with Adaptive, me and my team just forward everything to the system and then all we have to do is review and approve. It keeps our books up to date on a daily basis, and we can run quicker reports to see everything at once.
Cons
There is a lot of things coming up with future releases and it's hard to keep up with all the changes. They are good changes coming, but I haven't been able to keep up with them all.
David
- Industry: Construction
- Company size: 11–50 Employees
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 28/11/2023
Project financials put on auto-pilot
Very happy with the experience thus far. The team is more than willing to work with us on items that we feel could be done more efficiently and are very responsive to our requests and questions.
Pros
We moved all of our financial management from Buildertrend to Adaptive because of how much better, easier to use, and streamlined Adaptive is. The automated AP cuts the time required to manage bills from our subs and get people paid.
Cons
I would like to see a client portal, but this is something they are working on
