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About the Payments Tool

 General Availability in Select Markets (United States)
flag-us.png Procore Pay icon-external-link.png with payments powered by Goldman Sachs Transaction Banking (TxB)* is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management icon-external-link.png functionality in the Procore web application to handle the payment process between general and specialty contractors.


To learn about the basic features of the Company level Payments tool for Procore Pay.


Procore Pay provides your company's Payment Admins and Payments Disbursers with the tools they need to manage all aspects of the invoice payment process between the payor and its payees. The Company level Payments tool works with the Invoice Management tools in Procore to reduce payment friction, automate the exchange of lien waivers, and ensure that all of your outgoing invoice payments satisfy your organization's payment requirements. 


Things to Consider

Key Features

The Payments tool contains these features: 

Payments Settings Page

Users with the required user permissions can click the Configure Settings icons-settings-gear.png icon to open the Payments Settings page. This page has two tabs: Payment Processing & Payment Requirements. Each tab contains all the settings you need to configure Procore Pay for your company's Procore account.


To learn more, see About the Payment Settings

Subcontractor Invoices Tab

Company Admins, Payment Admins, and Disbursers can use the table in the Subcontractor Invoices tab to view a list of all the invoices on the active, Pay-enabled projects in your company's Procore account. From this tab, Payments Disbursers or Payment Admins can track your payment requirements, view any manual holds applied to the invoice, and click links to launch the invoice in the Invoice Management tools. For each invoice, you can also view the Beneficiary Name, Project, Payment Requirements, and other billing information. You can also search the data table for a specific invoice, apply filters, and group line items. Only Payments Disbursers can create disbursements. 

To learn more, see About the Subcontractor Invoices Tab in the Payments Tool

Disbursements Tab

Payments Admins or Payments Disbursers use the options in the Disbursements tab to create and manage disbursements. On this tab, you can apply filters to the table to narrow down the disbursements to show only those that meet your criteria in the list. The table also provides important information about each disbursement, such as the Disbursement No. (which is assigned to the disbursement at creation), the bank account used to fund the disbursement, the amount of the disbursement, and the date and time it was created. To view a disbursement in more detail, click its Disbursement No. link. 


To learn more, see About the Disbursements Tab in the Payments Tool

Beneficiaries Tab

Payment Admins can view all of the beneficiaries who have completed their Procore Pay onboarding. Beneficiaries are the payees—contractors, subcontractors, vendors—who will be paid for invoiced work. Payment Admins must also review and approve new payees and any new bank accounts that payees add.


To learn more, see About the Beneficiaries Tab in the Payments Tool.

See Also