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Procore

Enable Disbursements

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 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.

Objective

To enable the Disbursements function in the Company level Payments tool. 

Background

The disbursements feature is automatically enabled during Procore Pay implementation. After the initial implementation, only a Payments Admin can disable this feature. 

Things to Consider

Prerequisites

Steps

  1. Navigate to the Company level Payments tool. 
  2. Click the Configure Settings icons-settings-gear.png icon. 
  3. Click the Payment Processing tab. 
  4. Click Advanced Settings. 
  5. On the Advanced Settings page, review the informational statement under Enable Disbursements.
    advanced-settings-enable-disbursements.png 
  6. Click the Enable Disbursements button. 
    Once enabled:
    • A GREEN success banner appears to confirm your action.
    • Your company's Payments Disbursers can now create new disbursements in the Company level Payments tool.

Next Step

 

*Goldman Sachs Transaction Banking services are provided by Goldman Sachs Bank USA (“GS Bank”) and its affiliates. GS Bank is a New York State chartered bank, a member of the Federal Reserve System, and Member FDIC.