Project-level margin, cash flow timing, and variation control.
14 active projects. 200+ cost codes. Subcontractors, variation orders, retention holdbacks, and staged claims — each moving on a different timeline. riicu connects all of it into one financial view the CFO can defend to the board without rebuilding it in Excel first.
Your ERP handles procurement, payroll, and invoicing. riicu handles the financial planning, project-level budgeting, and reporting layer that connects them all - across entities, projects, and cost structures.
Not an ERP replacement. Not a generic planning tool that has never heard of a variation order. A financial intelligence layer purpose-built for construction CFOs and Controllers.
What Construction Finance Actually Looks Like
Project-Level Cost Visibility
14 active projects, 200+ cost codes, 6 subcontractors per site. The CFO needs to know margin by project, not just by entity. riicu calculates margin by project in real time, with drill-down to cost code and subcontractor — so the CFO sees where margin is being consumed before the project closes.
Cash Flow Timing Risk
Retention holdbacks, staged claims, material prepayments. Cash in and cash out are on different timelines. riicu models cash flow by project and phase — expected claims, retention releases, subcontractor payments — with a consolidated company view. A profitable project with negative timing becomes visible before it creates a liquidity problem.
Variation Orders and Claims
Every approved variation changes the budget, expected margin, and project cash flow. Most construction CFOs only discover the cumulative impact of variations at month-end — when there is no way to recover the lost margin in the period. riicu records each variation at the moment of approval and recalculates the numbers immediately.
Multi-Entity, Multi-Project Consolidation
Joint ventures, SPVs, and holding structures. In construction groups with 5+ entities, manual consolidation typically costs 3 to 5 days per quarter, with high error risk in intercompany eliminations between JVs. riicu automates the eliminations and produces the consolidated set from the same data as the operational close.
Full Financial Picture, Always Current.
Monitor aggregate budgets, cumulative spend, and available funds across your entire project portfolio. Visual analytics surface patterns so you can act on data - not gut feeling.
Budget vs. expenditure tracked in real time. Spending trend lines updated monthly. Allocation breakdowns per project and cost centre.
See it in action| Description | Category | Qty | Unit Price | Total |
|---|---|---|---|---|
| Structural Steel Beams | Materials | 24 | €1,200 | €28,800 |
| Concrete Pour – Level 3 | Labor | 1 | €18,400 | €18,400 |
| Electrical Wiring – Phase 2 | Subcontractors | 1 | €15,200 | €15,200 |
Custom approval workflows
Define multi-step approval chains by user or role. Set sequential and parallel approval steps to match your organization's governance structure - from site managers to senior accountants.
- 1 · Owner + AccountantParallel · Both must approveANDdone
- 2 · ManagerSequentialTHENdone
- 3 · Senior AccountantFinal sign-offTHENactive
Invoice status management & bank integration
Visualize your entire invoice pipeline on a control board - from approval through to payment. Select multiple invoices for batch operations and integrate with your bank for automated payment processing.
Designed for How Construction Really Operates
Live Project Budgets
Track every euro in real time across all active sites - no more waiting for month-end reports to know where you stand.
Cash Flow Management
Stay ahead of payment cycles with invoice scheduling, due-date tracking, and liquidity forecasting across all projects.
Configurable Approvals
Define multi-tier sign-off workflows so expenditure is always authorised by the right stakeholders at the right level.
Assisted Categorisation
Automatic categorisation of cost lines by code and subcontractor, with flags for items above threshold or outside expected category. Each suggestion is confirmed by the user before posting — the system learns from corrections but never acts without supervision.
Multi-Entity Consolidation
SPVs, JVs, and holding structures consolidated automatically. IFRS, local GAAP, and project-level reporting from one data set.
Cost Allocation Engine
Tag each cost line to categories, departments, and locations. Distribute shared costs across projects using percentage splits.
Designed Around Your Existing Construction and Finance Systems.
From SAP and Oracle for large construction groups to Microsoft Dynamics 365, Cegid Primavera, Sage, PHC, and QuickBooks for mid-size contractors — and designed to connect to your project, procurement, and operational systems regardless of vendor.
See riicu Built Around Your Project Reality.
See how riicu works for a construction operation with your project volume, entity structure, and cost complexity. Book a session with our team — we show the platform on a setup that reflects how your business actually runs.