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Deep Space Commercial. Construction Financials for ANZ Builders

For ANZ commercial builders and large subbies. $10M to $200M+ turnover.

Revenue, cost, and margin at a glance. Every number is traceable to its source.

Deep Space is the single source of truth for project finances. Every commitment, claim, RCTI, variation, retention, and forecast is traceable back to the register that produced it, with the math always right. NSW SOPA, QBCC, and NZ CCA jurisdictions are handled natively. Xero is synced two-way with no middleware.

Commercial dashboard

Revenue, Cost, Margin sourced live from the underlying registers.

Six connected registers

Head Contract, Subcontract, PO, Variation, Invoice, Retention.

KAI invoice reconciliation

monthly forecast lock, sliding retention, and RCTI generation. Built in.
How documentation works

Why builders stop trusting their commercial system

Most platforms quietly misrepresent project finances. Three problems show up in nearly every commercial walkthrough.

The committed cost trap

You issue a $100K PO, negotiate it down to $70K, and close the contract. Most platforms still show $100K committed. Your "remaining budget" is permanently understated.

"It just leaves the bill. It's not actually a representation of what your budget is at." Commercial Manager, Brisbane commercial builder.

The cost stack that keeps growing

Procore Project Financials needs Smoothlink for Xero, DocuSign for signatures, per-seat fees for subbie portals, and Procore Estimating sold separately. Customers report stacks of $30K to $120K per year before middleware and add-ons.

The shadow spreadsheet

Because the platform's reports can't be trusted, the real cost-to-complete lives in an Excel workbook on someone's desktop. Versioned by filename. Out of sync the moment a variation lands.

How Deep Space Commercial works

Estimate to
Budget Register

Build the estimate in Estimation, apply margins, click Push. The Budget Register populates with cost codes, categories, and baseline values intact. Re-push when the estimate updates and the register absorbs the change with full versioning.

1. Budget Register. Every number traceable to its origin 

Original, revised, committed, actual, and remaining values for every cost code, with multi-tier categories and cost types. Click any number to drill back to the PO, subcontract, or invoice that produced it.

  • Cost codes up to 4 levels deep, with cost type as a separate dimension.
  • Toggle between cost-code, cost-type, and budget category views.
  • FTC, Forecast (FFC/EAC), and Variance columns sit alongside live numbers.
  • Multiple head contracts per project. Billing flag per cost code.

2. Commercial Dashboard. One screen, three tiles 

Revenue, Cost, and Margin sourced from the registers underneath. Source-attribution badges on every row show the register, column, and formula behind each number.

  • Recent variations and claims (client-side and sub-side) surface below.
  • Close a $100K subcontract at $70K and Deep Space hands you back the $30K.
  • When a subcontract closes under value, Committed adjusts down and the savings push into Remaining automatically.

3. Head Contract Register 

Set up the contract once and the rest of the system follows. Project, client, contract type (lump sum, schedule of rates, cost-plus), sector, and region are tracked alongside Original Sum (ex GST and inc GST).

  • Schedule of Values mapped to budget cost codes with mapped vs. unmapped items shown inline.
  • Client retention settings live on the contract record.
  • Templates ready: AS 4000, ABIC SW-1, SBW-2.
  • Region-aware for NSW, VIC, QBCC, NZ CCA.

4. Subcontract Register 

Award a subbie, generate the agreement with retention terms locked, track claims through the portal, and push to Xero on approval.

  • Jurisdiction-aware, so NSW SOPA, QBCC, NZ CCA rules applied automatically.
  • Tax mode per contract: Invoice, Claim = Invoice, or RCTI.
  • Sliding retention by milestone plus flat retention, configurable per contract.
  • Live SOPA/CCA risk and AP/Xero sync status visible at register level.
  • Subbie portal included. Unlimited subbies, no per-seat charge.
  • Large subbies running 8 to 12 sub-trades use the same register. The Tier 1 builder above sits in the Head Contract Register.

5. Variations Workspace

Every variation logged against a head contract with approved, pending, and disputed values surfaced at the top. Schedule impact totals separately so you know exactly how many days you can claim under the EOT clause.

  • Type taxonomy: Client Request, Design Change, Latent Condition, Authority Direction, Provisional Sum.
  • Upstream traceability to the originating RFI, CI, SI, or drawing revision.
  • One click commits the SCV against the subcontract and the VO against the head contract.

6. Invoice Register. KAI-triaged, coded, matched 

Holds every invoice and claim across the project. KAI triages on arrival into three confidence buckets.

  • High confidence (>85%): Auto-matched.
  • Needs verify (60 to 85%): KAI prefilled, you review.
  • Manual (<60%): Full coding required.
  • Status flow: Needs Coding, then In Review, then Submitted, then Approved, then In Xero.
  • Authorisation auto-exports to Xero as a draft bill.

7. Retention done right. Two modes, both built in 

Retention is calculated on certified amounts only and works in both directions: retention you hold from subbies, and retention held from you on the head contract.

  • Milestone / % Complete: Retention rate changes at specific milestones (e.g. 10% to PC, 5% to handover, 0% post-DLP).
  • Retention Cap: Apply rate per certified claim until cumulative cap is reached, then auto-taper.
  • Cap configurable as % of contract value or fixed dollar.
  • Live timeline preview before you save the contract.

8. Cost Forecasting. Lock the forecast monthly 

Pulls budget, actuals, cost-to-complete, claims, retentions, and procurement into one governed view. FTC (Forecast to Complete) is the only editable input. EAC calculates itself.

  • Five tabs: Summary, Line Items, Cash Flow (with S-curve), Variance, Snapshots.
  • Save draft, then Validate, then Approve.
  • Audit-trailed and committed back to the Budget Register.
KAI

Invoices reconciled before someone uploads them

Connect a shared inbox once (e.g. accounts@yourbuilder.com.au). Every invoice and claim that lands there is captured, read by KAI, matched against the right PO or subcontract, and routed for approval.

Capture from shared inbox

KAI reads every email and pulls
attachments automatically.

Match to commitment

Line items, ABN, dates, and dollar amounts extracted. Matched to subcontract or PO. Anything that doesn't reconcile is flagged.

Approve, push, done

PM approves, Deep Space pushes a draft bill to Xero, Budget Register reflects it within seconds.

Two-way Xero sync

Three tiers, no middleware

Connect Xero with one OAuth click. No Smoothlink. No SyncEzy. No middleware fee.

Tier 1. One-time setup (at onboarding)

Contacts imported from Xero. Projects mapped to Tracking Category 1. Cost codes mapped to GL Account Codes.

Tier 2. Transactional sync (real-time)

  • Approved head contract claims become Sales Invoices in Xero.
  • Approved subbie claims and supplier invoices become Bills in Xero.
  • Payment statuses flow back from Xero into Deep Space (no checking two systems).

Tier 3. Monthly journals (manual, audit-trailed)

WIP, accruals, and retention posted as Manual Journals at month-end.

"We've got a lot of failures on syncs all the time. That's one of the reasons we need to move."--Director, Sydney commercial builder running middleware between Procore and Sage 300 CRE.

But we need a real ERP

Xero isn't enough for
construction

Correct. Xero alone isn't a construction system.
Deep Space + Xero is.

Deep Space owns project commercials: subcontracts, claims, RCTIs, variations, retentions, progress claims, registers, and the forecast lock. Xero owns the GL, BAS, payroll, and bank reconciliation. They sync two-way in real time, with no middleware.

What a legacy ERP gave you 20 years ago, accounting and project costing in one box, Deep Space + Xero gives you in 2026. Better UX, AI built in, a local product team, a flat fee, and a roadmap shaped by the builders using it.

General ledger
Budget Register & Commercial Dashboard
Accounts payable / receivable
Head Contract, Subcontracts, POs
Payroll & Single Touch Payroll
Variations, Invoices, Retentions
BAS, GST, FBT
Progress claims out, RCTI generation
Bank reconciliation
Cost forecasting & lock workflow
Multi-entity / intercompany
KAI invoice reconciliation
Year-end & statutory reporting
Drawings, RFIs, programme, HSEQ
Audit trail at the GL level
Subbie & client portals

Built in, not bolted on

Features Procore charges extra for, sells separately, or hides behind a support ticket. Included in every Deep Space plan.

E-signature

For POs, subcontracts, variations, and payment schedules. No DocuSign subscription.

Approval workflows

With threshold-based routing, parallel approvers, and delegated approvers.

Multi-tier cost codes

(4 levels) with cost type as a separate dimension. No code-list explosion.

Editable templates

Drop in your logo, customise payment schedule, RCTI, and progress claim layouts yourself.

RFQ workflow

Issue from procurement schedule, responses come back into the platform, one click converts the winning bid to a PO or subcontract.

Estimate pushes straight to budget

No CSV export, no Excel between systems.

Risk & opportunity register

linked to cost codes. Convert a materialised risk to a variation in one click.

Final account close-out

Reconcile head contract, then subcontracts, then invoices, then retention release in one workflow.

E-signature

For POs, subcontracts, variations, and payment schedules. No DocuSign subscription.

Approval workflows

With threshold-based routing, parallel approvers, and delegated approvers.

Multi-tier cost codes

(4 levels) with cost type as a separate dimension. No code-list explosion.

Editable templates

Drop in your logo, customise payment schedule, RCTI, and progress claim layouts yourself.

RFQ workflow

Issue from procurement schedule, responses come back into the platform, one click converts the winning bid to a PO or subcontract.

Estimate pushes straight to budget

No CSV export, no Excel between systems.

Risk & opportunity register

linked to cost codes. Convert a materialised risk to a variation in one click.

Final account close-out

Reconcile head contract, then subcontracts, then invoices, then retention release in one workflow.

How Deep Space compares to legacy and incumbent systems

System
Origin
Strength
Gap
Cheops (CSSP/JDM)
AU, 1990s. Job costing.
Cost-code-level
cashflow, contract management.
No native documents/drawings/
programme/HSEQ. Custom pricing.
Jobpac Connect
(Trimble)
AU/NZ, 1980s. Job
costing.
ANZ accounting roots, forecasting, payroll.
“Outdated software, thousand clicks for any task.” Project workflows in a separate product.
Cat Projects (CAT
Software)
AU/NZ, ~2010.
NZ/AU CCA compliant,
smart templates.
Builders outgrow it past $50M. No AI.
Premier (Constellation)
North America, 2010.
Modern cloud ERP,
built-in AI.
$249 to $349 AUD/user/month plus $15K to $25K implementation. AU localisation layered on.
Procore Project
Financials
US, 2002 (Financials
added later).
Modern UI, deep PM,
broad ecosystem.
Smoothlink mandatory for Xero. Built for $1B-revenue US generals.
Deep Space
ANZ, 2025. Vertical SaaS.
All modules ship together. Same data, same UI, same project record.
Younger company. Newer means modern UX, AI-native architecture, less legacy customisation.
What a typical ANZ Procore stack costs

For a $30M-revenue
commercial builder.

System
  • Procore Project Financials
  • Smoothlink (Xero connector)
  • DocuSign
  • 1Breadcrumb / HammerTech (HSEQ)
  • Procore Estimating
  • Subbie portal seats (~50)
  • Implementation & training (Y1)
  • Total Year 1
  • Deep Space, everything above
Annual Cost
  • $45,000
  • $3,500
  • $2,400
  • $4,200
  • $8,000
  • $6,000
  • $12,000
  • $81,100
  • $27,500

~$53K per year saved. Flat fee. No escalation.

What every legacy system struggles

with for ANZ mid-tier commercial

Project teams and finance teams use different products.

The split is the source of every "which spreadsheet is right" argument.

Mobile is bolted on, not native.

Most legacy ERPs were built before smartphones existed.

AI invoice reconciliation isn't there.

Procore's Helix is a data layer, not invoice intelligence. Manual upload remains the norm.

Subbie portals are per-seat or absent.

Most legacy ERPs have no project-facing subbie portal. Subbies email PDFs that someone retypes.

Templates are locked behind vendor support

Changing a logo or payment schedule layout requires a support ticket, often a fee.

Pricing isn't published.

Every renewal is a re-negotiation.

Deep Space ships unlimited subbies, editable branded templates, public flat-fee pricing, one platform for project and finance teams, and the native DS Site mobile app. Included.

The full commercial lifecycle, on one platform

Estimating data flows into the budget. The budget feeds POs, subcontracts, and variations. Claims roll into actuals. Xero stays in sync. Final account reconciles head contract to subcontracts to invoices to retention release.

"It actually answers all the questions that, over my 20-something years, all the little issues you tried to tie in. Having one set of numbers as the true source is pretty important." Director, Sydney commercial builder, $60 to $70M annual revenue.

See your commercial workflow run on Deep Space

Built locally with ANZ mid-tier commercial builders and large subbies. $27,500 flat. No per-seat. No turnover pricing. No project caps.

Bring a real project. We'll walk through your estimate, budget, subbies, and Xero connection. The actual platform, with your numbers in it. No slideware.