Why Billing Genius Matters: Get Paid Faster with Automated Progress Billing

briq Product Team · Product · Mar 2026

How automated progress billing with AIA G702/G703 generation, retention tracking, and cost-to-complete forecasting accelerates cash flow.

Cash flow is the lifeblood of every construction company, and billing is where cash flow begins. Yet progress billing in construction remains one of the most manually intensive processes in the back office — assembling schedule of values, calculating percentage complete, applying retainage, formatting to owner requirements, and generating AIA documents. Billing Genius automates the entire progress billing workflow, from cost data extraction through owner-ready billing packages, ensuring that contractors bill accurately and get paid faster.

AIA G702/G703 automated generation is the centerpiece of the system. Billing Genius produces industry-standard pay applications directly from project cost data, calculating current billing amounts, tracking cumulative totals, and applying retainage according to contract terms. With 100% AIA compliance, the output meets the formatting and calculation requirements that owners and their representatives expect — eliminating the revision cycles that delay payment when billing packages contain errors.

Progress billing with schedule of values management ensures that billing aligns with both contract requirements and actual project progress. The system tracks installed quantities, percentage complete by line item, and stored materials — producing billing that is defensible, accurate, and consistent with the project's financial reality. Users report 99.5% billing accuracy, a metric that reduces disputes and accelerates owner approval.

Retention tracking and release management addresses one of construction's most persistent cash flow challenges. Billing Genius tracks retention held and released across all contracts and subcontracts, forecasts retention recovery, and manages release requests through a structured workflow. For contractors carrying millions in retention across their project portfolio, the visibility alone is invaluable — and the automated release request process accelerates recovery by ensuring that retention release milestones are tracked and acted upon promptly.

Stored materials documentation provides billing support for materials purchased but not yet installed — a common billing category that requires photo documentation, delivery receipts, and transfer tracking. Billing Genius manages the entire stored materials lifecycle, generating billing support documents and tracking transfer to installed work as materials are incorporated into the project.

Cost-to-complete forecasting extends the system beyond billing into financial planning, enabling project teams to project final costs, identify trending overruns, and adjust billing strategy accordingly. Billing certification workflows and multi-contract billing coordination ensure that complex billing scenarios — multiple contracts on a single project, joint venture billing, or owner-specific format requirements — are handled systematically rather than manually.

With a 5-day faster billing cycle and average AR reduction of $2.1 million, Billing Genius delivers measurable improvement to construction cash flow. Integrating with Sage 300, Viewpoint, CMiC, and Textura within the Procure to Pay workstream, it transforms billing from a monthly scramble into a streamlined, automated process that gets contractors paid for the work they have earned.