Procore unveils innovations to drive efficiencies in construction management

Procore Announces Innovations to Address Challenges Associated with Payments, Preconstruction and Labor Shortage (Graphic: Business Wire)

KUALA LUMPUR, Nov 9 (Bernama) -- Procore Technologies Incorporated, a leading global provider of construction management software, has announced innovations and new solutions that will leverage the value of predictive analytics to connect everyone in a project team.

The latest solutions will drive efficiencies to solve some of the industry’s most pressing challenges: payments, labour, preconstruction, communication and more.

Procore founder, president and chief executive officer Tooey Courtemanche said: “Procore is designed to help solve our customers’ greatest challenges so they can manage risk and grow their businesses.”

“For this reason, we are excited to announce that Procore Pay will be launched in 2023,” he added.

Procore Pay, which Procore is working with Goldman Sachs Transaction Banking to embed payments functionality into its platform, is designed to solve one of the industry’s largest issues.

Among the benefits of Procore Pay are reducing payment friction, saving time and streamlining lien waiver collection.

Procore continues to evolve construction intelligence by unlocking data, analytics and artificial intelligence, allowing users to run projects smarter, safer and more efficiently.

-- BERNAMA