General Availability in Select Markets (United States)
Procore Pay 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 functionality in the Procore web application to handle the payment process between general and specialty contractors.
Bank Accounts
When using Procore Pay to send or receive payments powered by Goldman Sach TxB, authorized team members can add and manage your bank account information. See What is a verified bank account in Procore Pay? Account verification for Procore Pay is done using a commercially available database/registry of bank account information.
If you are a Payor...
Only a Payments Admin can perform these tasks when using Procore Pay to submit drawdown requests in disbursements to pay invoices.
If you are a payee...
When Procore Pay is being used to receive payments, the named beneficiary company must add a bank account to receive payments. Only the Payment Admins (for paid Procore accounts) and Systems Admins (for free Procore accounts) at the beneficiary company can manage their bank account information.
Payment Permissions
When using Procore Pay to send payments powered by Goldman Sachs TxB, only a Payments Admin for the payor can manage the Payments Permissions settings.
Project Controls
When using Procore Pay to send payments powered by Goldman Sachs TxB, only a Payments Admin can manage the Project Controls for payment processing in the payor environment.
Workflow Settings
When using Procore Pay to send payments powered by Goldman Sachs TxB, you can create a Payments Workflow in the Company level Workflows tool. See Best Practices for Creating a Payments Workflow. Once created, authorized users can configure the template's settings in the Payments tool.
Advanced Settings
When using Procore Pay to send payments powered by Goldman Sachs TxB, only a Payments Admin can manage the Advanced Settings for payment processing in the payor environment.
Change History
When using Procore Pay to send payments powered by Goldman Sachs TxB, only a Payments Admin can view the Payment Tool's Change History in the payor environment.