Turn invoice errors into recovered revenue

By Jesse Sanchez. 

InvoiceIQ helps contractors identify supplier overcharges, automate invoice processing and gain greater confidence in their financial data. 

As contractors grow, reviewing every supplier invoice can become nearly impossible. On this episode of Roofing Road Trips®, John Albright, InvoiceIQ founder, explained how technology can help businesses uncover billing errors before small discrepancies become significant financial losses. 

John began working in plumbing at 16 and eventually expanded his company from $2 million to more than $70 million in annual revenue between 2014 and 2022. As the business grew, its supplier account reached approximately $40 million and generated around 20,000 invoices each month. 

At that scale, manual reviews were no longer practical. John said his team relied on overall job profitability because employees could not keep pace with the invoice volume or memorize tens of thousands of supplier stock-keeping units. Describing the limits of manual oversight, he asked, “How do you memorize 50,000 SKUs with your supplier? It’s impossible.” 

The challenge inspired the creation of InvoiceIQ, a browser-based platform that compares supplier invoices against contractors’ agreed-upon pricing. Artificial intelligence (AI) reads uploaded invoices, identifies the supplier and organizes the information. The platform can also transfer invoice details, job numbers and other data into accounting systems such as QuickBooks and Sage. 

Explaining the platform’s core function, John said, “We upload that with your agreed price sheet with your supplier and it checks to make sure that they’re charging you the right price.” When InvoiceIQ identifies a discrepancy, it produces a supplier-specific report showing the agreed price, the amount charged and an explanation of the finding. Contractors can send the report directly to their supplier to request an adjustment. 

John emphasized that many invoice errors are unintentional. However, even minor differences on frequently purchased materials can add up quickly. Reflecting on the results in his own business, he shared, “I was catching anywhere from 120 to $150,000 a year in errors.” The platform also provides historical pricing information that contractors can use to evaluate increases, compare suppliers and support purchasing discussions with verifiable data. 

Listen to the podcast or Watch the conversation to learn more about how InvoiceIQ helps contractors identify invoice errors, recover revenue and strengthen financial oversight.