Construction financial management means planning, tracking, and controlling costs that covers budgeting, forecasting, cash flow, and risk management.
KYRO AI unifies these functions in one platform, eliminating manual silos, automating day-to-day reporting, and surfacing real-time insights so CFOs can guide every project to profitability.
According to CFMA benchmarks, best-in-class contractors maintain a current ratio of 1.5–2.0, keep gross profit margins above 12%, and rigorously monitor cash flow to anticipate shortfalls before they hit. It is the cornerstone of running a successful construction business.
Construction finance managers (CFMs) are the backbone of project success, overseeing budgets, risk, reporting, and compliance. On a daily basis, these are the people behind the numbers making sure every dollar is accounted for. They drive strategic planning, enforce tight cost controls, and maintain liquidity so projects remain on track regardless of unexpected changes or delays.
In short, CFMs are part accountant, part analyst, and part risk manager. Their work ensures contractors don’t just finish projects to reach deadlines but finish them profitably.
Ask any finance manager what their day looks like, and you’ll hear a familiar story:
Most of this happens in silos, data spread across Excel sheets, emails, and disconnected software. Instead of analyzing trends and giving strategic advice, CFMs often spend their time just trying to piece together the big picture.
Manual processes slow everything down. Data shows finance managers spend a huge chunk of their time gathering and verifying data instead of using it to make decisions.
The biggest pain points are
When financial data isn’t in real-time, decisions get made too late. That’s when surprise regulatory risks, overruns, delays, or cash crunches with market fluctuations sneak up on contractors. Regulatory changes (ASC 606, labor laws) also require constant updates to invoicing, reporting, and documentation.
KYRO AI was designed with contractors in mind. Contractors who need clear, accurate financial visibility. KYRO AI provides the intuitive, advanced tools CFOs demand. The platform centralizes all financial and project data, drives automation for repetitive tasks, and delivers real-time, custom analytics to every member of the finance team.
KYRO provides construction management software designed to give small and mid-sized contractors—the intuitive tools they deserve, simplifying project and financial management through a single, unified platform.
KYRO AI Copilot is designed to be an ever-present financial assistant, giving instant answers to common queries and complex calculations alike.
Instead of digging through spreadsheets, CFMs can type a simple prompt like: “Show me revenue performance for Project A vs. monthly targets and explain any variances.”
Within seconds, Copilot delivers the data, with complete context. It’s like having instant access to financial insights without hours of manual work.
The Copilot helps forecast expenses, optimize budgets, and identify outliers. Here’s what finance managers are already using it for:
The result? Finance teams spend less time chasing numbers and more time advising leadership on where profits are gained or are lost.
Financial Planning and Analysis: KYRO AI’s Copilot can extrapolate forecasted regular and overtime hour splits at the client level. It is also able to calculate revenue and gross profit results at the employee or client level with a simple prompt. Additionally, KYRO can report unbillled hours to generate employee efficiency metrics.
Timekeeping and Expense Management: As a single source of input for all employee time and expense management, along project and HR related items (daily field reports, drawing mark-up, PTO etc.), KYRO AI helps companies reduce the number of apps required for their processes by providing all the required data within one app. KYRO AI’s Copilot then combines these data in real time, empowering line managers to quickly address over/under and unapproved time and expense errors.
Weekly Payroll Processing: KYRO AI’s Copilot can serve as your accounting team’s real-time timecard approval validation system. A simple prompt can generate a report that lists all timecards and expense reports pending field manager approval or any field employee who has not submitted a timecard. This allows companies to scale without adding additional back-office employees.
Accounting Pre-Close and Accrual Estimating: Our Copilot can quickly assist accounting staff in evaluating accruals and serve as a spot check on revenue and cost-of-sales calculations.
Customers using KYRO AI report 90% reductions in manual data entry, 3x faster report generation, and significant improvements in forecasting accuracy.
For contractors, this means:
Contractors using KYRO AI can streamline capturing timecards, generating reports, and automating approvals. This can be one source of truth for budgets, field data, and compliance, critical for scaling without adding staff. They can also maximize profitability and resilience by benchmarking financial performance against CFMA and industry standards, not just internal goals.
At the end of the day, KYRO empowers CFMs to move from reactive bookkeeping to proactive financial management, keeping projects profitable and businesses growing.
Construction finance managers are at the heart of every contractor’s profitability. But with so many manual processes and disconnected systems, the job has become harder than it needs to be. KYRO AI Copilot changes that. By putting real-time insights and automation at their fingertips, CFMs can spend less time on admin and more time driving strategic decisions that keep contractors profitable.
Have questions about how KYRO AI can help your finance team? Talk to us today.
Construction financial management means planning, tracking, and controlling costs that covers budgeting, forecasting, cash flow, and risk management.
KYRO AI unifies these functions in one platform, eliminating manual silos, automating day-to-day reporting, and surfacing real-time insights so CFOs can guide every project to profitability.
According to CFMA benchmarks, best-in-class contractors maintain a current ratio of 1.5–2.0, keep gross profit margins above 12%, and rigorously monitor cash flow to anticipate shortfalls before they hit. It is the cornerstone of running a successful construction business.
Construction finance managers (CFMs) are the backbone of project success, overseeing budgets, risk, reporting, and compliance. On a daily basis, these are the people behind the numbers making sure every dollar is accounted for. They drive strategic planning, enforce tight cost controls, and maintain liquidity so projects remain on track regardless of unexpected changes or delays.
In short, CFMs are part accountant, part analyst, and part risk manager. Their work ensures contractors don’t just finish projects to reach deadlines but finish them profitably.
Ask any finance manager what their day looks like, and you’ll hear a familiar story:
Most of this happens in silos, data spread across Excel sheets, emails, and disconnected software. Instead of analyzing trends and giving strategic advice, CFMs often spend their time just trying to piece together the big picture.
Manual processes slow everything down. Data shows finance managers spend a huge chunk of their time gathering and verifying data instead of using it to make decisions.
The biggest pain points are
When financial data isn’t in real-time, decisions get made too late. That’s when surprise regulatory risks, overruns, delays, or cash crunches with market fluctuations sneak up on contractors. Regulatory changes (ASC 606, labor laws) also require constant updates to invoicing, reporting, and documentation.
KYRO AI was designed with contractors in mind. Contractors who need clear, accurate financial visibility. KYRO AI provides the intuitive, advanced tools CFOs demand. The platform centralizes all financial and project data, drives automation for repetitive tasks, and delivers real-time, custom analytics to every member of the finance team.
KYRO provides construction management software designed to give small and mid-sized contractors—the intuitive tools they deserve, simplifying project and financial management through a single, unified platform.
KYRO AI Copilot is designed to be an ever-present financial assistant, giving instant answers to common queries and complex calculations alike.
Instead of digging through spreadsheets, CFMs can type a simple prompt like: “Show me revenue performance for Project A vs. monthly targets and explain any variances.”
Within seconds, Copilot delivers the data, with complete context. It’s like having instant access to financial insights without hours of manual work.
The Copilot helps forecast expenses, optimize budgets, and identify outliers. Here’s what finance managers are already using it for:
The result? Finance teams spend less time chasing numbers and more time advising leadership on where profits are gained or are lost.
Financial Planning and Analysis: KYRO AI’s Copilot can extrapolate forecasted regular and overtime hour splits at the client level. It is also able to calculate revenue and gross profit results at the employee or client level with a simple prompt. Additionally, KYRO can report unbillled hours to generate employee efficiency metrics.
Timekeeping and Expense Management: As a single source of input for all employee time and expense management, along project and HR related items (daily field reports, drawing mark-up, PTO etc.), KYRO AI helps companies reduce the number of apps required for their processes by providing all the required data within one app. KYRO AI’s Copilot then combines these data in real time, empowering line managers to quickly address over/under and unapproved time and expense errors.
Weekly Payroll Processing: KYRO AI’s Copilot can serve as your accounting team’s real-time timecard approval validation system. A simple prompt can generate a report that lists all timecards and expense reports pending field manager approval or any field employee who has not submitted a timecard. This allows companies to scale without adding additional back-office employees.
Accounting Pre-Close and Accrual Estimating: Our Copilot can quickly assist accounting staff in evaluating accruals and serve as a spot check on revenue and cost-of-sales calculations.
Customers using KYRO AI report 90% reductions in manual data entry, 3x faster report generation, and significant improvements in forecasting accuracy.
For contractors, this means:
Contractors using KYRO AI can streamline capturing timecards, generating reports, and automating approvals. This can be one source of truth for budgets, field data, and compliance, critical for scaling without adding staff. They can also maximize profitability and resilience by benchmarking financial performance against CFMA and industry standards, not just internal goals.
At the end of the day, KYRO empowers CFMs to move from reactive bookkeeping to proactive financial management, keeping projects profitable and businesses growing.
Construction finance managers are at the heart of every contractor’s profitability. But with so many manual processes and disconnected systems, the job has become harder than it needs to be. KYRO AI Copilot changes that. By putting real-time insights and automation at their fingertips, CFMs can spend less time on admin and more time driving strategic decisions that keep contractors profitable.
Have questions about how KYRO AI can help your finance team? Talk to us today.