Use Procore's Budgeting Tool to efficiently manage your project budgets and forecasts. By automatically aligning your contracts and change orders with your budget, Procore makes it easy to review financial performance for a single project, or across many projects.
We've taken the flexibility and configurability of Excel and thrown it into a cloud-based SaaS platform. You have the freedom to budget your way! Our dynamic and customizable budget allows you to create and share standardized reporting templates, keep a pulse on project budgets and the financial health of the company, and trust your data with visibility into the most up-to-date cost information. No more siloed systems. No more limitations. No more bottlenecks. You have control over how you want to interact with and view your financial data.
Procore budget forecasting provides you with the power and ease of use you need to protect your profits. Automatically aggregate the current state of all Contracts and Change Orders. Create detailed, multi-line entries of Forecasted Costs to Complete for each line on your budget with notes. View it all within Procore or printed as a PDF. Dive deeper into your data and spread projected costs over the duration of your construction project cycle on any line item. Save "snapshots" of your budget at regular intervals, like monthly forecast submissions, to see how your project's estimated cost at completion and anticipated savings or losses have changed over time. Analyze historical snapshots, including the full detail of each line's notes and projections. Mitigate your highest risk line items with General Conditions Monitoring.
Procore's Budget tool is always up to date with the latest contracts, change orders, and direct costs, so you don't have to copy data from reports into spreadsheets or request an updated report from Accounting. Using Procore's robust permission structure you can provide visibility to key team members, giving them insight into the project's financial status. When combined with the power of Procore's accounting system connectors, job costs will automatically sync from accounting and give you the up to date picture whenever you want to see it. With the Budget tool's drill-down functionality, you won't have to dig through other reports to confirm whether a certain cost or change order has been incorporated. You can click on any number, see, and link to all of the included items.
Procore provides a variety of financial reports allowing both project managers and administrators to view summaries of change orders and reports to assist with the management of the buy-out process. Procore users are able to view details related to the schedule of values once they've committed their costs to subcontracts and purchase orders.