How are Invoice and Contract Compliance different with Procore Pay?
Answer
Procore Pay's compliance templates and compliance features address these needs:
- Contract Compliance (a.k.a., commitment compliance) covers the contractual agreements for purchase orders and subcontracts in Procore projects. For example, collecting a closeout document from a subcontractor is typically part of the subcontracting agreement.
- Invoice Compliance covers the compliance requirements on subcontractor invoices. For example, collecting a W-9 from a subcontractor submitting an invoice might be required for tax purposes.