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November 8, 2022

On the wires

Procore Announces Innovations to Address Challenges Associated with Payments, Preconstruction and Labor Shortage

Businesswire

“Procore Technologies, Inc., a leading global provider of construction management software, today announced innovations and new solutions that will leverage the value of predictive analytics to connect everyone on a project team. The latest solutions will drive efficiencies to solve some of the industry’s most pressing challenges: payments, labor, preconstruction, communication and more. “Procore is designed to help solve our customers’ greatest challenges so they can manage risk and grow their businesses,” said Tooey Courtemanche, Founder, President and CEO of Procore. “For example, construction is one of the slowest paying industries. According to Levelset’s 2021 Construction Cash Flow & Payment Report, it takes an average of 83 days to get paid after an invoice is sent. For this reason, we are excited to announce that Procore Pay will launch in 2023.””

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