Procore's Budget Tool is an advanced construction budgeting software that revolutionizes project financial management. It offers real-time tracking, forecasting, and reporting capabilities, seamlessly integrating with accounting systems and other Procore tools. The software's configurable nature allows for detailed organization and analysis of financial data, while its collaborative features enable team-wide visibility into project finances. With automated updates and drill-down functionality, the Budget Tool eliminates manual data entry and provides instant access to cost details, empowering construction professionals to make informed decisions and protect their profits throughout the project lifecycle.

Key Features

Real-time Budget Tracking Dynamically track every dollar in your budget with up-to-date data from the field

• Automatic alignment of contracts and change orders with budgets
• Synchronization with accounting systems for accurate financial data

Forecasting Capabilities Create detailed forecasts to understand cost occurrence across the project lifecycle

• Input detailed forecasts and notes for each budget line
• Generate automatic monthly forecasts
• Save and analyze historical snapshots for comprehensive reporting

Configurable Financial Reporting Generate customizable reports to view data at various levels of detail

• Quickly create reports directly from the budget
• Standardize templates for continued use
• Connect underlying data for increased visibility and accuracy

Benefits

Improved Financial Visibility Gain comprehensive insights into project finances for better decision-making

• Real-time updates on contracts, change orders, and direct costs
• Drill-down functionality to verify cost items quickly
• Hyperlinked budget data for easy cost origin tracking

Enhanced Collaboration Facilitate team-wide access to critical financial information

• Robust permission structure for controlled data sharing
• Increased visibility for key team members into project financial status
• Elimination of siloed systems and data bottlenecks

Streamlined Workflow Reduce manual work and increase efficiency in budget management

• Elimination of manual double entry and spreadsheet copying
• Automatic synchronization with accounting integrations
• Flexible work breakdown structure for organized financial data