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Procore Support (en-au)

What can Procore's Financial Consultation Package for Owners include?

Are you interested in learning more? Procore Consulting Services is an add-on service. To learn more about the pricing option for this service or to request a time estimate for a potential engagement, please reach out to your Procore point of contact.

 

 

Background

As an owner, tackle your next strategic challenge and keep your team on track by engaging with Procore's Strategic Consulting Services. The Strategic Product Consulting Team is comprised of Procore Industry experts who specialise in implementation best practices, product strategy assessments and training management. 

Answer

Procore's Financial Consultation package is an add-on service focusing on Procore's Financial Management tools. This package helps clarify your financial vision—whether you want to understand your overall financial health;  being over/under budget, understanding forecasts of your project’s estimated cost at completion, cost scenario planning, cost accruals,  and more.

The table below shares just a few examples of how Procore customers can begin an engagement with Procore's Strategic Product Consultants (SPCs).

Contracts Potential benefits of your engagement…
  • How do I track unsigned contracts?
  • Can I see which unsigned contracts are outstanding?
  • Do we have too many outstanding contracts?
  • Monitor the progress of your project's buyout process by exploring strategies geared towards reducing the risks and unanticipated cost and program impacts associated with delayed contractual agreements.
  • Discover the kinds of monthly reporting that can be created in Procore.
Budget Management Potential benefits of your engagement…
  • How do I track the impact of our project's variation costs before they become variations?
  • Discover methods that provide early insights into unexpected variation costs.
  • Maintain visibility into your costs throughout the change management process.
  • How can I track projected over/under costs to show monthly trends?
  • Gain early insight into potential cost overruns that impact projected profit. 
Labour Management (Requires Procore's Field Productivity Tools) Potential benefits of your engagement…
  • How can I track the impact of our 'internal' hours before those hours get processed by accounting?
  • Explore how to monitor your project's labour costs in real-time to minimise your risks for costly budget overruns.
Allowance & Contingency Tracking Potential benefits of your engagement…
  • How can I share the amounts used and amounts remaining with my clients?
  • Increase awareness among project stakeholders to maintain efficient decision-making processes. 
  • Understand the different ways to help manage allowance and contingency to work with your current workflow.
Variations Potential benefits of your engagement…
  • How do I track unsigned variations?
  • Which variations are unsigned?
  • Do we have too many outstanding variations?
  • Help to reduce the risk of potential cost increases and program impacts due to delayed variations.
  • How much do scope changes impact my total variation amount?
  • Which variations are impacting my project contingency?
     
  • Discover common themes for changes that erode your project's savings and potential profit. 
  • How do I identify which subcontractors have the highest variation amounts relative to their contract(s)?
  • Improve the accuracy of your budget determinations during the preconstruction phase.
  • Understand the budget risks associated with particular subcontractors during the buyout phase.
Invoicing Potential benefits of your engagement…
  • Are we overbilling or underbilling?
  • Discover methods to help your project stay cash-flow positive.
  • How do you manage your progress claims?
  • How do I streamline the approval process with invoicing?
  • Learn how to better manage and improve all of the progress claims on a project in one place.
ERP Integrations Potential benefits of your engagement…
  • Avoid the need to sync an ERP job to Procore by creating a Procore project before your contract is awarded. 
  • Will syncing my Head Contract with an integrated ERP system benefit me?  
  • Save time and eliminate double-entry by learning how to sync your project's head contract and variations with your integrated ERP system.
  • What is the difference between a Schedule of Values (SOV) and a Subcontractor Schedule of Values (SSOV) and should I enable an SSOV?
  • Learn ways to limit the number of SOV line items in your accounting system when creating progress claims for your commitments.
  • Should I add/import my budget in Procore or to my integrated ERP system?
  • Weigh the pros and cons of providing your Product Managers the ability to import their project's budget vs. having your accounting team create it in your integrated ERP system.
  • How do I properly track and sync financial markup on Potential Variations (PCOs) or Head Contract Variations (PCCOs)?
  • Discover how to achieve a more seamless integration by establishing the proper routes for financial markup on your Estimate and Head Contract.
  • How does syncing my commitment progress claims with a supported integrated ERP system benefit me?
  • Save time and eliminate double-entry by learning how to sync your project's commitment progress claims with your integrated ERP system.