Launching April 21st. Procore Pay now delivers immediate, automated notifications when a payment is returned, eliminating delays and confusion caused by manual follow-ups. General Contractors and their teams can instantly see which payments have failed, understand the most common reasons for returns, and identify the specific invoices, draws, or pay applications affected. Payees receive clear guidance on how to update their bank account details to resolve issues and ensure future payments are successful.
This update streamlines the payment return process by surfacing clear statuses, reasons, and next steps directly within Procore Pay. The existing payment creation, approval workflows, and permissions remain unchanged, ensuring a seamless transition. By reducing manual intervention and support volume, this enhancement empowers finance teams to act quickly, minimize payment delays, and build greater trust with subcontractors and vendors. Procore Pay continues to be your reliable system of record for all payment activity.
