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Procore

Direct Costs - Overview

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 In Beta
This content is for participants in the Project Financials: Company Level Direct Costs Closed Beta

The company level Direct Costs tool centralizes all company-wide direct cost invoices and helps you to accurately track and manage all direct costs. With this tool, the accounting team uploads, enters, and sends the invoices to the project teams for review. It provides visibility to the project managers to review and approve all non-commitment invoices from vendors and offers the document details from their budget and on owner invoices. 

Key Features of Direct Costs in Procore:

  • Centralized Invoice Management. All direct cost invoices are managed from a single company-level location.

  • Seamless ERP Integration.  Approved invoices can be directly exported to an ERP system, and their sync status can be tracked.

  • Secure Document Storage. All invoice attachments are securely stored and viewable within the system.

  • Efficient Data Management. Improved table navigation facilitate data entry and reporting. Bulk actions, such as exporting or sending multiple invoices to an ERP system, are supported, and invoices can be filtered by payment or ERP sync status.

  • Visual Document Viewer. Attached invoice files can be previewed directly within the tool.