Are you interested in learning more? Procore Consulting Services is an add-on service. To learn more about the pricing option for this service or to request a time estimate for a potential engagement, please reach out to your Procore point of contact.
Background
As a general contractor, tackle your next strategic challenge and keep your team on track by engaging with Procore's Strategic Consulting Services. The Strategic Product Consulting Team is comprised of Procore Industry experts who specialize in implementation best practices, product strategy assessments, and training management.
Answer
Procore's Financial Consultation package is an add-on service focusing on Procore's Financial Management tools. This package helps clarify your financial vision—whether you want to see your team's buyout savings, track labor productivity, share allowance and contingency data with clients, and more.
The table below shares just a few examples of how Procore customers can begin an engagement with Procore's Strategic Product Consultants (SPCs).
Buyout Savings
Potential benefits of your engagement…
How can I track my construction project's buyout savings?
Learn best practices for tracking your buyout status—identify your savings or loss at the start of each scope, understand how this affects your overall project, and apply these learnings during the preconstruction phase on your future projects
Contracts
Potential benefits of your engagement…
How do I track unsigned contracts?
Can I see which unsigned contracts are outstanding?
Do we have too many outstanding contracts?
Monitor the progress of your project's buyout process by exploring strategies geared towards reducing the risks and unanticipated cost and schedule impacts associated with delayed contractual agreements.
Budget Management
Potential benefits of your engagement…
How do I track the impact of our project's change order costs before they become change orders?
Discover methods that provide early insights into unexpected change order costs.
Maintain visibility into your costs throughout the change management process.
How can I track projected over/under costs to show monthly trends?
Gain early insight into potential cost overruns that impact projected profit.
How do I track revenue versus costs?
Monitor savings throughout the project lifecycle to support profit projections.
Labor Management (Requires Procore's Field Productivity Tools)
Potential benefits of your engagement…
How can I track the impact of our 'General Conditions' hours before those hours get processed through accounting?
Explore how to monitor your project's labor costs in real-time to minimize your risks for costly budget overruns.
For self-performed work, how can I track the financial impact of our productivity?
Gain greater insight into your project's production rates and cost projections to make better decisions that maximize your profit margins.
Allowance & Contingency Tracking
Potential benefits of your engagement…
How can I share the amounts used and amounts remaining with my clients?
Increase awareness among project stakeholders to maintain efficient decision-making processes.
Change Orders
Potential benefits of your engagement…
How do I track unsigned change orders?
Which change orders are unsigned?
Do we have too many outstanding change orders?
Help to reduce the risk of potential cost increases and schedule impacts due to delayed change orders.
How much am I making/losing due to out-of-scope change orders?
Learn methods to help ensure that your client's changes aren't coming out of your project’s profit.
Discover common themes for changes that erode your project's savings and potential profit.
How do I identify which subcontractors have the highest change order amounts relative to their contract(s)?
Improve the accuracy of your budget determinations during the preconstruction phase.
Understand the budget risks associated with particular subcontractors during the buyout phase.
Invoicing
Potential benefits of your engagement…
Are we overbilling or underbilling?
Discover methods to help your project stay cash-flow positive.
Avoid the need to sync an ERP job to Procore by creating a Procore project before your contract is awarded.
Will syncing my Prime Contract with an integrated ERP system benefit me?
Save time and eliminate double-entry by learning how to sync your project's prime contract and change orders with your integrated ERP system.
What is the difference between a Schedule of Values (SOV) and a Subcontractor Schedule of Values (SSOV) and should I enable an SSOV?
Learn ways to limit the number of SOV line items in your accounting system when creating invoices for your commitments.
Should I add/import my budget in Procore or to my integrated ERP system?
Weigh the pros and cons of providing your Product Managers the ability to import their project's budget vs. having your accounting team create it in your integrated ERP system.
How do I properly track and sync financial markup on Potential Change Orders (PCOs) or Prime Contract Change Orders (PCCOs)?
Discover how to achieve a more seamless integration by establishing the proper routes for financial markup on your Estimate and Prime Contract.
How does syncing my commitment invoices with a supported integrated ERP system benefit me?
Save time and eliminate double-entry by learning how to sync your project's commitment invoices with your integrated ERP system.
