Speedchain's AI Receipt Agent Beats Expectations Delivering Efficiency Gains for Construction Field and Finance Teams
EmitenTrust.com ATLANTA, Oct. 7, 2026 /PRNewswire/ -- Construction finance teams using Speedchain's AI Receipt Agent are cutting month-end close time by as much as 95%, eliminating one of the most manual, time-consuming tasks in project accounting: chasing down and matching receipts to card spend.
The AI Receipt Agent, part of Speedchain's fintech platform for construction, uses text message to collect each receipt, extract the vendor, amount and job cost details, and match it to the correct transaction and project code automatically. Finance teams get a complete record without manual data entry, and field employees no longer have to submit traditional expense reports.
"Our accounting team cut the time they spend on month-end close by 95% using Speedchain and AI Receipt Agent," said Taylor Marcus, CEO of Marcus Construction.
For G&H Contracting, the impact showed up immediately in the numbers. "Our company has benefited immensely from Speedchain's AI Receipt Agent, which cut the time our accounting team spends on expense entry by 50% and is projected to save over $40,000 annually in combined labor costs," said Joseph Shepard, G&H Contracting CFO.
Leading contractors have cited over 70% of coding in the field as inaccurate and requiring rework from the finance team. As contractors take on infrastructure, data center and manufacturing projects across the U.S., they need flexible financial tools that keep pace with the work.
"In the field, text is becoming the most natural way to leverage agents. That's why the market has embraced assistants like Muse and Instinct so quickly. Our assistant takes that simplicity further, transforming what used to be an expense report into a simple text thread. The connection between field and finance teams is now more streamlined, saving them time and their company's money," said Daniel Cage, CEO of Speedchain.
About Speedchain
Speedchain is the AI-native fintech platform for construction. Speedchain automates spending, payment, and accounting workflows to save contractors time and money on every job. The platform gives contractors greater visibility, control, and intelligence across company spend by connecting vendors and merchants with structured financial data and agentic workflows built for construction. Through Speedchain Advantage, customers also gain access to global and industry-specific rewards and discounts.
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SOURCE Speedchain