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Project Financials

Construction Project Financial Management Software

Minimize exposures. Maximize profits.

See how our mobile job costing and cost management solution makes it easier to collaboratively manage accurate budgets in one, accurate source of truth.

Procore budget tools

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ACCURATE

Budget wisely.

Manage change from the field in real time—creating budgets that more accurately reflect where your budget stands at any moment. Generate detailed financial reports to see how your spending decisions affect projected profits at closeout.

Procore budget tools
PROACTIVE

Course correct.

Identify and track critical costs with forecasting tools that show you what to do today to make up for yesterday’s overspending and delays.

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EFFICIENT

Meet deadlines.

Reduce project delays by empowering project teams with access to the real-time data they need to quickly resolve disputes and initiate change.

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COLLABORATIVE

Reduce exposures.

Bring change management to the field––facilitating faster approvals, more accurate communication, and eliminating the need to proceed at risk. Give accounting teams instant visibility into change as it occurs in the field.

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ACTIONABLE

Control labor costs.

Automatically update your budget with labor and production data submitted in Procore, enabling you to better understand the financial impact of productivity costs the moment a timesheet is submitted.

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Numbers you can take to the bank.

We asked customers––from small to enterprise and general to specialty contractors––what advantages they’ve seen since using Project Financials. Here's what they had to say.

80%

80% believe implementing the financial tools within Procore has improved transparency between the project management staff and accounting.

70%

70% of surveyed customers reported having more accurate budget forecasts.

84%

84% of respondents agree Procore gives visibility into the health of your projects in order to stay on time and budget.

* Based on a 2021 survey Procore customers.

“We had our best year in 35 years as a company after using Procore for one year.”

Wes Simpson

Chief Executive Officer

Green Mechanical

Read Their Story

“We’ve been able to cut costs substantially thanks to real time forecasting. We can derive a much greater understanding of what resources we need for each stage of a job as the requirements fluctuate. That means saving on unnecessary labor costs and other significant on site overhead.”

Eric Weatherwax

B.E.T. Construction

Read Their Story

Real-time Project Financials Tools.

Gone are the days of tying project managers down to a desktop with accounting software. These tools are at your side from office to jobsite.

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Connect everyone and everything on one platform. Build better.

Work more efficiently, communicate better, and build faster from a single source of truth. See how you can do more on the leading construction management platform.

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Tap into 300+ integrations and apps you love working with.

If we don’t build it, chances are, there’s an app or integration for it on our marketplace. So you can work the way you want to, all without ever leaving Procore.

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FAQs

Who uses construction financial management software?

Procore Project Financials is a mobile job costing software built for project teams who struggle to get real-time project financial data in the field without needing to call an accountant. That means you can manage better project budgets and know the financial health of your project in real time, from anywhere, to see how your spending decisions impact the profit you'll have at closeout. Long story short: Procore Project Financials is for your project team on the jobsite and your accounting solution stays under the control of your finance team.

Learn how Del Amo Construction uses Procore

Why use construction financial management software?

Project teams should adopt mobile construction financial management software. It provides the accurate and up-to-date project financial data that is the first line of defense when battling non-recoverable change orders, inaccurate financial forecasts, and budget overruns.

Learn more about the ROI you could see from using construction financial management software

What are the benefits of using construction financial management software?

The benefits of Procore's construction financial management software come from the platform's ability to interdependently connect all project functions. For example, Procore Project Financials' Budget is one of the most interconnected tools in the entire platform. You can convert a proposal to a subcontract with the click of a button when connected to Procore Bid Management. Collect timesheets in Procore Field Productivity and watch the labor hours spent automatically update in your budget. Flag a potential change event directly from an observation in Procore Quality & Safety. Push budget info directly into Procore Invoice Management to prepare for accounts payable.

Learn more about the benefits of Procore's suite of construction financial management software

What are some features of construction financial management software?

Unlike other software vendors, Procore's construction financial management software has more than just accounting features built to help the back office reconcile the books after spending has occured. It's a flexible platform that allows project teams to see budgets and profitability in real time from the field while also providing an opportunity to integrate with any accounting software you want. This is just one of the reasons why G2 ranked Procore as the top performing financial management tool for construction businesses.

Learn more about Procore's features and reviews

Can the software be integrated with other products?

Procore Project Financials is not an accounting solution. But, it does integrate with any accounting solution your back office trusts. By connecting your field and office financials, project and accounting teams have visibility into real-time job costs without needing an intermediary. This eliminates the need for manual double entry and error-prone job cost report spreadsheets. It's these connections that create a dashboard with single source of financial truth for your field and office teams to work off of.

Learn more about Procore's Accounting Integrations

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