Below are the notable changes to the project's Budget tool.
Limited Release of Advanced Forecasting Feature for the Budget Tool (6/11/2020)
For clients using Procore's Project Financials tools, Procore has released an Advanced Forecasting feature for use with the Project level Budget tool. This feature must be enabled in your environment by Procore. To learn more, see Project Financials: Advanced Forecasting for the Budget Tool.
Set Up a Labor Costing Budget View (3/3/2020)
Users with 'Admin' level permissions on the company's Admin tool can now set up a budget view to manage and track costs with new unit quantity, unit of measure, and unit cost sources. Timecard entries submitted in Procore can also automatically update estimated labor costs in your budget. See Add a Budget View for Real-Time Labor Costing.
Enhancements for Unit-Based Financials (3/3/2020)
Procore is excited to announce the general release of several new enhancements for unit-based financials. This update, formerly known as the Unit of Measure (UOM) beta program, was tested by beta program participants throughout 2019. These enhancements provide you with the ability to input unit-based quantities on your budget's line items and to automatically calculate the 'Original Budget' amount. See Project Financials: Enhancements for Unit-Based Financials.
New Configurable Units of Measure (3/3/2020)
If your organization uses a Unit of Measure (UOM) that is not already in Procore's Unit of Measure Master List, users with 'Admin' level permissions on the company's Admin tool can now add custom units of measures for your company. These units of measure can then be applied to line items on a budget. See Add a Unit of Measure to the Unit of Measure Master List.