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Procore ROI Report US

This document is a 2021 ROI report produced by Procore Technologies, Inc. to showcase how their construction management software helps improve communication, collaboration, and productivity. The report outlines how Procore's tools help construction teams do more with fewer resources, improve financial management and transparency, address labor shortages, and increase forecasting accuracy. Case studies and survey results from Procore customers illustrate specific ways the platform has optimized processes and improved margins. The report concludes by promoting Procore's platform and additional resources for learning more.

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Le Thi Anh Tuyet
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277 views31 pages

Procore ROI Report US

This document is a 2021 ROI report produced by Procore Technologies, Inc. to showcase how their construction management software helps improve communication, collaboration, and productivity. The report outlines how Procore's tools help construction teams do more with fewer resources, improve financial management and transparency, address labor shortages, and increase forecasting accuracy. Case studies and survey results from Procore customers illustrate specific ways the platform has optimized processes and improved margins. The report concludes by promoting Procore's platform and additional resources for learning more.

Uploaded by

Le Thi Anh Tuyet
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 31

2021 ROI REPORT

03 Introduction

05 Executive Summary

06 Chapter 1
Communication and
Collaboration During
a Siloed Year

11 Chapter 2
How Teams Can Do More
with Fewer Resources

20 Chapter 3
Owning Your Bottom Line
with Financial Technology

25 Chapter 4
The Labor Shortage and
the Future of the Industry

28 Closing

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2021 ROI REPORT
2021 ROI REPORT

Footnote: “The Silver Lining of Construction Productivity and COVID-19”


www.fminet.com/fmi-quarterly/article/2020/12/the-silver-lining-of-construction-productivity-and-covid-19/

7
65%

8
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20%
40%

12
2021 ROI REPORT
2021 ROI REPORT
5
DAYS
4 4
DAYS DAYS

11 11
DAYS

10

12

13
2021 ROI REPORT
According to the
survey, Portfolio
Managers for
Owners save on
average 10 hours
per week using
Procore.

14
15
2021 ROI REPORT
16
2021 ROI REPORT
2021 ROI REPORT
89%

GENERAL
CONTRACTORS
90%

SPECIALTY 86%
CONTRACTORS

OWNERS
88%

86%

17
2021 ROI REPORT
30% 24% 24%

“Procore allows for increased visibility and


communication, streamlined and consistent
workflows across all projects.”
Project Engineer, Specialty Contractor, USA

18
2021 ROI REPORT

76% of owners surveyed agree Procore


has the ability to help identify areas for
improvement on a construction project to
ensure efficiency.

19
20
2021 ROI REPORT
2021 ROI REPORT

Footnote: “The next normal in construction” -McKinsey & Company June 2020
https://www.mckinsey.com/business-functions/operations/our-insights/the-next-normal-in-construction-how-disruption-is-
reshaping-the-worlds-largest-ecosystem

“Materials prices rise for second straight month since COVID-19 crisis began” -Construction Dive July 2020
https://www.constructiondive.com/news/materials-prices-rise-for-second-straight-month-since-covid-19-crisis-began/581449/

21
80% of respondents believe 2021 ROI REPORT

implementing Procore financial


tools has improved transparency
between project management
and accounting teams.

22
2021 ROI REPORT
70%
of all respondents say Procore’s Budget
tool has made forecasts more accurate.

48% of all respondents say Procore helps


prevent overbilling.

23
2021 ROI REPORT
71% 71% 84%

“Procore allows us to streamline processes and


improves timelines and profit margins as a result.”
Business Development Manager
General Contractor, Dublin, IE

24
25
2021 ROI REPORT
2021 ROI REPORT

Footnote: “Construction’s skills shortage” -KHL May 2019


https://www.khl.com/news/Construction-s-skills-shortage/1138380.article

26
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30
2021 ROI REPORT
Produced by
PROCORE TECHNOLOGIES, INC.

Procore manages your projects, resources and financials from project planning to closeout.
Our platform connects every project contributor to solutions we’ve built specifically for this
industry—for the owner, for the GC, and for the specialty contractor. Our App Marketplace
has over 300 partner solutions that integrate seamlessly with our platform, giving you the
freedom to connect with what works best for you, even if we don’t build it. The ability to
easily communicate across disparate teams makes it easier to work together by eliminating
silos and establishing a single source of truth. It’s how Procore gives your team access to
everything they need to know to get their job done.

IF YOU HAVE ANY QUESTIONS,


GIVE US A CALL AT 866 477 6267

OR EMAIL US:
VISIT THE JOBSITE >
sales@procore.com
Procore’s Hub for
Original Content

Talk with an Expert

WATCH PROCORE TV >

Procore’s Official
YouTube Channel

MORE RESOURCES >

Free eBooks &


Downloads

procore.com

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