Key Features

Dedicated Payment Terms Management:
Access a centralized Payment Terms settings area in Procore Pay to build, manage, and view standardized payment terms across your organization.

Flexible Term Type Configuration:
Define flexible terms tailored to specific contracts, including Owner-Funding, Net-Based (e.g., Net 30), and Discount-Only structures with all required timing parameters.

Commitment-Level Term Assignment:
Easily select and apply specific Payment Terms directly during commitment creation, automatically linking calculated payment schedules and discount parameters to resulting contracts and future subcontractor invoices.

Transparent Invoice Discount Calculations:
View applied payment terms directly on invoices, complete with automatically calculated due dates, target discount deadlines, and projected discount outcomes for clear financial visibility.

Discount Removal Workflow:
Manually forfeit or remove an invoice discount when terms are not met, featuring a clear confirmation prompt; once removed, the discount cannot be re-applied.

ERP Identification Capture:
Track and display native ERP IDs on each Payment Term setting, supporting consistency and cross-system reference readiness even prior to automated synchronization.

Streamlined Compliance & Lien Waiver Management:
When issuing a discounted invoice through Procore Pay, Procore is designed to automatically trigger the request to unlock the required lien waiver.