Article
Artificial Intelligence and the future of construction finance
Jul 17, 2025 · Authored by Nick Brorson
Generative Artificial Intelligence (AI) has rapidly gained popularity due to its ability to effortlessly generate various types of content, including text, images and video. Additionally, generative AI assists organizations of all sizes with automating mundane tasks as well as optimizing workflows, resulting in increased productivity among teams.
AI is a hot topic that people can’t get enough of, and it’s not showing signs of slowing down anytime soon. More and more, businesses are recognizing the value of leveraging platforms like Copilot, ChatGPT and DALL-E 2 to expedite and enhance business processes as well as spark innovation.
The future of Artificial Intelligence in construction is promising. Early indicators and trends show that a strong foundation is being built for a significant industry transformation. Leaders are now asking themselves: Is our construction business ready to adopt AI? Are we exploring strategies to integrate AI into our financial operations, or are we hesitating due to skepticism?
If you’re on the fence about adopting AI, you could be hindering your business from potential growth opportunities. AI is fueling the future of construction finance with the efficiencies it provides, and you don’t want to get left behind. The role AI is playing in shaping the future of construction finance and how it could benefit your business is massive and includes:
Task automation to workflow automation
With AI, businesses are empowered to automate manual and error-prone tasks. But did you know that it can also take it another step further and automate more complex workflows? Instead of automating a singular task, AI can streamline a series of interconnected tasks from beginning to end.
With the utilization of both large language models (LLMs) and AI agents, businesses can define their desired objectives and enable AI to streamline their workflows. Processes like remittance matching, intercompany transaction reconciliation and payment status inquiries can all be automated with minimal oversight needed. Looking ahead, processes like the month-end close are anticipated to be fully automated by AI in the future.
With the automation of these types of workflows, businesses can gain a competitive edge because their data will be delivered more quickly, accurately and consistently.
Risk mitigation
Due to the automation that AI provides, compliance and audit readiness can become less daunting. By eliminating error-prone tasks that result from manual data entry, financial reports can be more consistent. Typos, miscalculations and duplicate data entry can become challenges of the past, as data inconsistencies are eliminated, providing greater confidence in data.
Additionally, AI can help prevent fraud before it happens. Because of its unparalleled pattern recognition and anomaly detection, deviations in data can quickly be spotted and flagged for the team to review. Since AI analyzes data in real-time, the detection of deviations can be immediately identified and addressed before they become a larger problem.
These are just a few ways that AI can help mitigate risk. As AI continues to evolve and AI models continue to learn from fraud attacks, their effectiveness will improve over time.
More strategy, less admin
With the automation of workflows and quicker reporting, finance teams are freed up to play a more strategic role within their business instead of an administrative one. Instead of focusing on data entry and fixing errors, finance teams shift their attention to more value-added work like financial planning and data analysis.
Access to accurate and trustworthy data enables businesses to scale more strategically. With clearer visibility into trends, finance teams can be more proactive in achieving their goals. AI is completely changing the way finance teams operate by cutting out time-consuming and low-value tasks and replacing them with more efficient processes. Just think — how many more strategic, data-driven goals could your business achieve with the time gained to truly analyze your data and make informed decisions?
Generative AI is already reshaping the finance landscape in the construction industry, and it’s just getting started. It’s exciting to see how it is helping teams streamline processes and move away from administrative work. Discover how your construction business is tracking and trending towards its goals, or how you could improve.
