CONSTRUCTION FINANCIAL MANAGEMENT

Financial Management

Move projects forward by delivering relevant financial insights to the field and timely jobsite observations to key stakeholders.

Industry leaders trust Procore with their financials.

First Capital logo
Green Mechanical logo
Hoffman Construction logo
Kitchell Contractors logo
Klondike logo
The Weitz Company logo

A curated view of timely, accurate financial information.

See your project and portfolio finances in one place to help drive predictable outcomes.

Uncover Costs

Track your budget. Forecast critical costs.

Make confident financial decisions by using field data to track and manage risks to your budget while staying in sync with your accounting system.

  • Easily uncover cost details
  • Proactively manage risks and overruns
  • Forecast critical costs with timely data from the field
  • Generate accurate, comprehensive financial reports
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Procore Budget screen capture
Manage Change

Document project changes and recoup costs.

Bring change management to the field with mobile tools that facilitate faster approvals and more accurate communication, eliminating the need to proceed at risk.

  • Standardize change management processes
  • Understand changes in project scope and cost
  • Get visibility into change as it occurs and act fast
  • Monitor cost impacts to prime contracts and make it easier to deliver on budget
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Procore Change Events screen capture
Connect Teams

Eliminate financial data silos.

Connect the systems you use to manage project scope and schedule to the system you use to manage project costs. Improve communication, eliminate double entry, and give finance, field teams, and trade partners actionable insights.

  • Ensure proper governance and access control
  • Centralize office, field, and trade communications
  • Facilitate better handoffs from estimating and construction to ongoing facility operations
  • Get timely visibility into change, billing progress, and performance
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Procore Invoicing screen capture
Pay Confidently

Don't let billing delays turn into building delays.

Streamline invoice management to pay and get paid faster, improve project and company cash flow, and build better relationships with accurate and transparent payments.

  • Reduce project and payment delays
  • Improve project and company cash flow
  • Standardize processes across your portfolio of projects
  • Streamline invoice management to reduce payment friction
  • Build better relationships by improving the payment experience
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Procore Invoicing screen capture
Integrate

Connect with the ERP solution that your finance team trusts.

Deliver relevant financial insights to the field and timely jobsite observations to stakeholders across your entire project portfolio.

  • Eliminate manual double entry
  • Stay in sync with your accounting system
  • Drive powerful analytics built on a combination of field and financial data
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Procore ERP Integrations screen capture

Products that Support Construction Financial Management

Connect to your accounting system.

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Customer Story

“We’re not toggling between 3 or 4 apps to true up jobs, costs, and budgets. It's all in one place.”

Gabriel Gutierrez

Financial Controller

Dolan Concrete

Read the Story
Dolan workers pouring concrete

FAQs

What is financial management in construction?

Procore's holistic approach to construction financial management connects the systems you use to manage project scope and schedule to the system you use to manage project costs. As the industry leader in project-cost management, Procore’s Financial Management solution is purpose-built to give you timely insights into the financial health of your projects and portfolio with centralized, accurate data that connects all stakeholders.

Who is responsible for financial management in a construction company?

Connecting operations, accounting, and the trades in one financial ecosystem makes it easier to collaboratively and accurately track income and expenses, monitor budgets, report on project and company financial status, and manage cash flow.

Does Procore partner with CFMA?

Procore and CFMA have partnered to provide members with exclusive pricing discounts. Our tools and resources can help you streamline change management, stay in sync with your accounting system, reduce project and payment delays, uncover cost details, and create comprehensive financial reports. If you're a CFMA member interested in special pricing, apply here.