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The word ‘bot’ might draw to mind the chatbot that acts as your first line of contact for your favorite brand. Or maybe the often-robotic posts on social media.
But bots can be (and do) so much more. Short for ‘robot’, a bot is software that either replaces a human user for another program or engages in human activity. They are used to automate activities that would typically be redundant and repetitive — faster, and more accurately.
This is important in construction because bots can save you, your project managers, and your finance team a ton of time — and help everyone make better decisions.
One of the ways bots do this is by taking repetitive work off your team. Activities like budget and report generation require a lot of data, and traditionally a lot of data entry. A WIP is handled by numerous human employees in the process of it being created and updated. Post-mortems take what seems to be forever to complete, and then what’s done with that information?
Instead of having team members stay late inputting numbers into reports and spreadsheets, give that work to bots; let automation work for you.
Bots and humans doing what they do best
Not only does using bots free up your team to do more valuable work but, with respect to their hard work, bots manage large amounts of data better. There’s no risk of human error when humans aren’t involved. Bots don’t need coffee breaks and perform at their peak 24x7, 365 days a year.
Briq uses bots to collect and gather data from across a construction company’s different systems and software platforms and connects people with the data they need in real-time. Everyone involved in a project gets a better understanding of the company, its financial health, the state of the project, and their roles.
This helps them do what humans do best: get creative and make better decisions. Armed with the right information to ask the right questions, project executives, business and financial leaders, everyone involved in the success of the company can make better data-driven decisions.
This is because they not only have all that data, but remember all that time they saved by not having to spend hours inputting data into and gathering it from multiple company systems? Exactly. That time can now be spent focusing on the business.
By using AI and bots to automate the financial processes, Briq helps construction leaders do just that. It provides the information needed in a timely, complete, and accurate way, so that budgets and forecasts are available in time to do something about them — to make the decisions that right the ship in time to avoid the rocks, and more importantly to navigate the company to greater profit and success.
Want to learn more about how Briq uses bots to help people work better and more effectively? Check out our recent eBook, Become More Human with Robots.
To find out more about how Briq financial automation can help you make better decisions, visit briq.com/demo for a demo from our experts.
