Briq automates financial workflows by connecting the people, processes, and systems that contractors use to run their business. Today, we’re excited to introduce Briq Cash — a new product that gives contractors greater control and flexibility over how they manage and allocate spend.
Briq Cash is a modern virtual banking experience for contractors, with functionality and rewards specifically tailored to the construction industry. Briq allows contractors to easily transfer funds from any existing bank account directly into their Briq Cash account (via ACH, or wire transfer), and as soon as money is spent you can allocate it to your pre-accounting process.
“Briq Cash is solving for the inefficiencies that exist with how funds are allocated and accounted for in the construction process,” said Briq co-founder and CEO, Bassem Hamdy.
Briq Cash is free for anyone to use — whether you’re a current Briq client or not — and provides a solution to immediately start managing how you allocate and spend money.
Briq Cash allows contractors to open multiple accounts in seconds and have each one specified to a business need that will allow contractors to move faster with greater efficiency. With Briq Cash, users can:
“We are enabling contractors with a new way to approach spend management that is more flexible and personalized compared to the current banking and spend solutions,” said Briq co-founder and head of Fintech, Ron Goldshmidt. “With Briq Cash you can capture costs faster which will get you paid faster, and manage your cash at the source of spend by connecting your bank accounts or lines of credit with your financial workflow.”
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