The Q3 '2024 Financial Management Quarterly Release rolls out the week of August 12-16, 2024.
Release Includes:
Flexible Labor Productivity Tracking
Procore is unlocking the ability for contractors to leverage flexible Work Breakdown Structure (WBS) when budgeting cost and planned units to install for production quantities so that teams can track actual hours used and quantities installed in Timesheets at the right level of granularity to fuel an enhanced real-time labor productivity cost Budget View.
This adds additional value to our existing offering by enabling contractors to accurately budget, manage changes to key scopes of work, track time and units put in place, as well as consistently report based on their projects Work Breakdown Structure no matter how a self-performing contractor breaks down their projects. Learn more on how to Enable the Labor Productivity Cost Features for Project Financials
CSV Import on SSOV
Clients will now be able to have their Subcontractors create and update their SSOV line items via a CSV import, allowing for a more efficient way to have subcontractors break down their SOV so that Clients can bill quickly and accurately. To learn more see Import a Subcontractor Schedule of Values from a CSV
Restrict Non-draft edits to Contracts and Change Order
A new Company level setting will allow clients to lock down the Schedule of Values and Contract Company of Contracts and Change Orders, unless those objects are in a draft status. This will allow for greater control of Financial Objects at the Company level, and provide more flexibility around approvals and workflows. To learn more see Update the Tool Settings for Contracts.
