Technology continues to revolutionize the construction industry. Spreadsheets have migrated to software and information that was once housed in a trailer is now at your fingertips. This transition from paper to apps is changing the way we build. Advantages like real-time data insights and simplified workflows are just a few of the benefits technology brings to the industry. Having the right technology solution in place can be a game changer. Procore’s top enhancements in Q2 2021 are geared towards helping customers optimize how they build.

Improve forecasting volume and profit with new Advanced Forecasting

Producing accurate monthly forecasts is critical to a project’s success. With new Advanced Forecasting, users can produce accurate and real-time monthly cost projections with ease, in a fraction of the time. This enhancement gives users the ability to spread project costs over a scheduled duration to see the monthly cost impact or cash needs at a detailed or summarized level.

“Advanced Forecasting in the budget tool has enabled us to streamline, accelerate, and automate our monthly forecasting process. Its ease of use and direct integration with Business Intelligence applications create a utility that far exceeds other tools currently on the market.” – Michael Capuzzi, CFO at The Vorea Group.

Advanced Forecasting optimizes the way users forecast, enabling access to actionable cash flow data, reducing financial risk, and eliminating manual data entry.

Instantly create Purchase Orders + Schedule of Values from the estimate

Users can quickly perform a takeoff and estimate in Procore, and now create a purchase order directly from the estimate. The schedule of values with unit-based values is automatically created from the estimate, saving time and reducing double data entry. Any estimate type can be used to generate the PO and SoV (Primary/Alternate/CO). This new update helps estimators and project managers quickly scope and price work, so they can minimize risk while avoiding any disruptions to work in progress.

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