Create Early Pay Programs as a Payor (Beta)

 In Beta
This content is for participants of Procore Pay Early Pay Beta Program.

Objective

To create an Early Pay Program in the Company level Payments tool as a Payments Admin. 

Background

A Payments Admin can create an Early Pay Program to define the program's framework. This includes the Program Name, Fee (Standard and Preferred), Due Date Method, and Due Date. Once you create an Active program, you can change its status to Inactive. However, you cannot reactivate that program Payment Admins can also include a customized message for payees to read when invited to enroll. 

Things to Consider

  • Required User Permissions
  • Additional Information:
    • Once applied to a project, program fees and due dates cannot be modified. 
    • A payor can create one (1) or more Early Pay Programs. 

Prerequisites

Steps

  1. Navigate to the Company level Payments tool. 
  2. Click Early Pay Programs. 
  3. Click Create. 
  4. On the New Early Pay Program page, update the Program Details:
    • Program Name. Type a unique name for the Early Pay Program. 
    • Standard Fee. Type a percentage between zero (0%) and ten (10%) or click the (+) plus and (-) minus signs to adjust the percentage amount.
    • Preferred Fee. Type a percentage between zero (0%) and ten (10%) or click the (+) plus and (-) minus signs to adjust the percentage amount.
    • Program Status. The default status for a new Early Pay Program is Active. To change a program's status to Inactive, see Deactivate Early Pay Programs as a Payor. 
    • Due Date Method. Choose one (1) option:
      • On a set day of the month after the end of the billing period. Choose this option and set the calendar day of the month with the Due Date drop-down list. The default Due Date for this option is the Last Day of the Month 
      • A set number of days after the end of the billing period. Choose this option and set the number of days with the Due Date drop-down list. The default Due Date for this option is one (1) day. 

  5. Optional. Under Subcontractor Instructions, type any relevant information in the Message to Subcontractors box. This is included in the body of outgoing invites to subcontractors


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  6. Click Create. 
    Procore Pay creates the program and logs the action in the program's Change History tab. See View the Change History of an Early Pay Program as a Payor.

See Also