AI-Powered Procurement Intelligence

Switched On

Buying for
Construction.

PoweredBuy helps construction teams classify spend automatically, benchmark costs, process invoices with OCR, and uncover savings through intelligent insights — from first invoice to final report.

15% avg. cost savings
100% audit trail
Built for construction
Poweredbuy — Spend Intelligence
Spend Overview
October 2024 · 3 Projects
AI Classified
Total Spend
$2.4M
+12%
Savings Found
$142K
5.9%
Invoices
1,247
98% done
Spend by Category
Goods & Materials
68%
Labour & Services
18%
Plant & Equipment Hire
10%
Freight & Logistics
4%
Recent Invoices
BlueScope Steel
$48,200
Classified
Hitachi Construction
$31,750
Benchmarked
Rexel Electrical
$12,400
Review
FOR SUPPLIERS

Sell through the PoweredBuy Marketplace

Register your organisation, complete PoweredBuy supplier verification, and prepare to manage Marketplace listings and procurement opportunities through a dedicated supplier experience.

Become a supplier

Trusted by construction businesses who want tighter cost control

10×
Faster invoice classification
15%
Average procurement savings
99%
Classification accuracy
<2 min
From invoice upload to insight
Features

Everything procurement teams
need to buy smarter

One platform that turns procurement data into competitive advantage. Built specifically for the complexity of construction.

Core AI

AI-Powered Classification

Our 7-stage AI pipeline automatically classifies every invoice line item against your construction taxonomy with up to 99% accuracy.

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OCR Invoice Processing

Extract structured data from any invoice format in seconds using Azure Document Intelligence.

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Popular

Cost Benchmarking

Compare every line item against historical and market rates. Instantly flag overspend before it compounds.

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Real-Time Reporting

Live dashboards showing spend by project, supplier, and category. Export-ready for any stakeholder.

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Savings Identification

Surface hidden savings opportunities with automated analysis of price anomalies and supplier patterns.

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Audit & Compliance

Full audit trail on every transaction. Role-based access controls and approval workflows built in.

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Multi-User Access

Role-based permissions for procurement managers, project directors, and finance teams.

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Project-Level Insights

Track and compare spend across multiple projects, suppliers, and categories in one view.

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How It Works

From messy invoices to
clear insight in minutes

Three simple steps that transform how your team understands and controls procurement spend.

01

Upload Your Invoices

Drag and drop invoices, PDFs, or connect your existing systems. Our OCR engine instantly reads and extracts every line item — no manual data entry required.

Supports PDF, image, EDI, CSV
02

AI Classifies & Benchmarks

Our AI engine classifies every line item against your taxonomy in seconds, then benchmarks each cost against historical rates and market data to flag anomalies.

7-stage classification pipeline
03

Act on Real-Time Insights

See exactly where your money is going across projects, suppliers, and categories. Identify savings opportunities, approve faster, and report with confidence.

Live dashboards & exports
By the Numbers

Real results for construction teams

10×
Faster invoice classification
vs. manual spreadsheet review
15%
Average procurement savings
identified in first 90 days
99%
Classification accuracy
across construction taxonomy
<2 min
Invoice-to-insight time
from upload to classified report
Capabilities

Everything you need to
control procurement spend

AI Classification & OCR

From messy invoices to clean data in seconds

PoweredBuy's OCR engine reads any invoice format — PDF, image, or structured file — and extracts every line item with high accuracy. Our 7-stage AI classification pipeline then maps each item to your taxonomy automatically, eliminating hours of manual coding.

  • Supports PDF, image, CSV, and EDI invoice formats
  • Azure Document Intelligence-powered OCR
  • 7-stage classification with confidence scoring
  • Handles messy, inconsistent supplier descriptions
  • Auto-learns from corrections to improve over time
Learn more
Invoice Processing Processing...
OCR Classifying
Classification Result
L1 Goods 99%
L2 Structural Steel 97%
L3 Hot-Rolled Section 94%
8.2% below market rate · Savings identified
Spend Benchmarking Live
Price vs Market Rate
Structural Steel
↓ Below
Concrete Supply
↑ Over
Formwork Hire
↓ Below
Scaffolding
↓ Below
Your rate Market rate
Benchmarking & Insights

Know if you're overpaying before it's too late

Every classified line item is automatically benchmarked against historical rates and live market data. Instantly see where you're overpaying by supplier, project, or category — so you can act before costs spiral.

  • Historical price comparison across all projects
  • Market rate benchmarking by category
  • Savings opportunity flagging and reporting
  • Supplier performance and price trend analysis
  • Drill-down from portfolio to line-item level
See a live demo
Testimonials

Trusted by construction businesses

Real results from procurement and finance leaders in construction.

"PoweredBuy completely changed how we manage procurement across our projects. What used to take our team three days to reconcile each month now takes under an hour. The cost benchmarking alone has saved us over $300k in the last year."

JH
James Harrington
Head of Procurement · Meridian Construction Group

"We were drowning in supplier invoices with no real visibility into whether we were getting fair prices. Switched on Buying gave us clarity we didn't know was possible. The AI classification is eerily accurate — it handles our messy supplier descriptions better than our own team."

SC
Sarah Chen
Finance Director · Pacific Build Co.

"The compliance and audit trail features have been transformative for our governance requirements. Every approval is tracked, every price anomaly is flagged. Our auditors were impressed. The ROI was evident within the first month."

MT
Michael Torrens
CFO · Ironstone Projects Pty Ltd
Get Started

Ready to take control of
procurement costs?

See how PoweredBuy can classify your spend, benchmark your costs, and surface savings opportunities — in a 30-minute personalised demo.

No credit card required
Setup in under 30 minutes
Dedicated onboarding support