Procore says the “innovations” bring cross-platform insights with a new reports builder, and a new global workflow engine, which will improve the efficiency of estimating and bidding processes.
“For almost 20 years, Procore has been working to connect everyone in construction on a global platform, providing a single source of truth for customers around the world,” said Tooey Courtemanche, Procore founder and CEO.
“We’re extending the value of our platform through investments in our preconstruction solution, a new global workflow engine, and a new report builder - to deliver further cross-platform insights for customers.”
Procore acquired Esticom in 2020 and says estimating project costs is a critical workflow, and Esticom’s functionality is now fully integrated into the Procore platform as Procore Estimating. - provideing tools for digital takeoff, estimating, building bid proposals - and connected with workflows to the project budget, change management, and purchase order process.
“All of the other estimating solutions we looked at were antiquated solutions that offered little to no flexibility. Estimating in the cloud with Procore Estimating, other than the immediate benefits of accessibility from anywhere, has proven to us that Procore is a forward-thinking company that is looking to bring estimating into the 21st century,” said David Laderberg, vice president at Smart Charge America, electric car charging station installation service.
Procore says investment in artificial intelligence and machine learning automated area takeof is coming in 2022 and estimators will be able to automatically extract quantification data from plans to increase the speed and accuracy of estimating.
“Enhancements to Procore’s integrated bidding solution, available in the first quarter of 2022, will improve flexibility and efficiency of the bidding process for customers. Custom Bid Forms allow customers to capture the exact data points needed in each bid, and Bid Leveling allows customers to quickly and easily compare bids across an entire project, scope of work, or specific line item,” says Procore.
Procore says its new Global Workflow Engine will allow customers to build custom approval workflows across the platform with predefined conditions, coupled with notifications and permissions. In the fourth quarter of 2021, this new functionality will be in beta as part of Procore Project Financials, allowing customers to streamline the invoice and payments process by building approval workflows with conditional dollar thresholds.
“Our global workflow engine will help customers create bespoke business processes for any part of construction – from estimating to RFIs and invoice management. This allows Procore to meet customers where they are at,” said Wyatt Jenkins, SVP of Product at Procore.
Procore says it is providing customers with key insights to build smarter with the enhanced report builder, available in beta in the fourth quarter of 2021.
“The new report builder will provide valuable insights with cross-platform reporting and interactive dashboards. Users will be able to compare data from both active and inactive projects to benchmark performance, drill down into specific details, and keep the entire project team informed with scheduled report distribution.
“The enhanced Report Builder will be available at no additional cost to all Procore customers.”