Overview of Procore Construction Financial Management Solution
Procore's Construction Financial Management solution is a comprehensive platform designed to facilitate financial insights and project cost data for construction projects. By delivering relevant financial insights to the site and providing timely worksite observations to key stakeholders, Procore enables industry leaders to make informed decisions and streamline financial processes.
Key Features and Benefits
Procore's Construction Financial Management solution offers several key features and benefits to its users. Users can access project cost data from anywhere, eliminating the need for outdated spreadsheets and enabling real-time monitoring of costs and budgets. By syncing estimating and accounting solutions with Procore, project teams can unite around a single platform for project financial data, ensuring clarity and consistency.
Managing Change and Payment Processes
Procore supports the management of change on the worksite by documenting the financial impact of scope changes, enabling project managers to recoup the cost of additional work. Additionally, Procore helps in smoothing out the payment process by facilitating accurate and collaborative progress claim management, reducing back-and-forth communications and ensuring faster payments.
Integrated Financial Insights and Reporting
Procore offers users a curated view of timely and accurate financial information, allowing them to see project and portfolio finances in one place. This consolidated view helps drive predictable outcomes and enables users to make data-driven decisions based on real-time financial data.
Explore Products that Support Construction Financial Management
Procore's suite of products that support Construction Financial Management includes Project Financials, Accounting Integrations, and Invoice Management. These products enable users to manage budgets, keep costs on track, accurately forecast, and streamline billing processes across stakeholders. The integration capabilities allow users to connect Procore with their accounting systems, providing a seamless experience for data synchronization and analysis.
Customer Testimonial
Marty Martin, Head of Operations Digital Transformation at Makati Development Corporation, praises Procore's construction platform for its technical and financial capabilities. With an open approach to connectivity and a user-friendly interface, Procore has supported crucial business decisions and quality builds for MDC's 8,000-strong team.
Start Building More Profitably with Procore
Procore's Construction Financial Management solution empowers users to track and manage project costs efficiently, leading to improved profitability. With a focus on connecting stakeholders, optimizing financial insights, and streamlining processes, Procore is dedicated to advancing the construction industry and driving technology innovation.