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Budget
Budgeting
Numbers you can trust.
Make better decisions with connected real-time budgeting and forecasting solutions.
Use Procore's Budget Tool to efficiently manage your project budgets and forecasts. By automatically aligning your contracts and change orders with your budget, Procore makes it easy to review financial performance for a single project, or across many projects.
Dynamically track every dollar in your budget with real-time data from the field, while staying in sync with your accounting system
Track expenses, including labour and production data, against your budgets in real time
Input detailed forecasts and notes or generate automatic monthly forecasts for each line
Provide your team with visibility into your project financial status with detailed, configurable financial reporting
Import estimates for quick setup
Configurable and Flexible
Procore’s configurable budget allows you to dynamically track every dollar in your budget and forecast critical costs with real-time data from the field, while staying in sync with your accounting system. With a robust work breakdown structure, you’re able to organise, tag, and report on financial data to the degree of granularity a project requires. We built our Budget tool to have all of the flexibility of Excel, but removed the pain of manual, double entry. No more siloed systems. No more limitations. No more bottlenecks. You have control over how you want to interact with and view your financial data.
Real-time, Automated, and Collaborative
Procore's Budget tool is always up to date with the latest contracts, change orders, and direct costs, so you don't have to copy data from reports into spreadsheets or request an updated report from accounting. Using Procore's robust permission structure, you can provide visibility to key team members, giving them insight into the project's financial status. When combined with the power of Procore's accounting integrations, job costs will automatically sync from accounting and give you the up-to-date picture whenever you want to see it. With the Budget tool's drill-down functionality, you won't have to dig through other reports to confirm whether a certain cost or change order has been incorporated. Because Procore’s tools are connected, all budget data is hyperlinked to the origin of that cost item in Procore so you can quickly understand what costs make up any number.
Forecasting
Procore’s forecasting solutions provide you with the power and ease of use you need to protect your profits, and understand how and when costs will occur across the project lifecycle. Automatically aggregate the current state of all costs, contracts and change orders. Create detailed, multi-line entries of Forecasted Costs to Complete, and spread that data over timelines as needed. Mitigate your highest risk line items with General Conditions Monitoring. View it all within Procore or printed as a PDF. As details change, dive deeper into your data and respread projected costs over the duration of your project on any line item. Save "snapshots" whenever needed to memorialise reporting. Analyse historical snapshots, including the full detail of each line's notes and projections.
Financial Reports
Procore provides a variety of financial reporting capabilities allowing project stakeholders to view the data the way they need it, from summary level to the most granular detail. Users can quickly and easily generate configurable reports directly from the budget, and standardise these templates for continued use as needed. The underlying data is all connected providing a current picture with increased visibility, efficiency and accuracy.
“We have expanded Procore to cover 100+ active projects across the US with everything managed through Procore.”
John Towie
Safari Energy
