PCOR 📈 Procore Technologies - Overview

Procore Technologies, Inc. is a leading provider of cloud-based construction management solutions, offering a comprehensive platform that enables stakeholders to collaborate on construction projects in the United States and internationally. The company's platform is designed to facilitate collaboration among owners, general and specialty contractors, architects, and engineers, streamlining the construction process from planning to project completion. By providing a centralized hub for project management, Procore's platform helps to reduce errors, improve productivity, and increase efficiency, ultimately leading to cost savings and enhanced project outcomes.

The company's platform is comprised of several key modules, including Preconstruction, which facilitates collaboration during the planning, budgeting, and bidding phases of a construction project. This module enables stakeholders to work together in real-time, sharing information and expertise to ensure that projects are properly planned and executed. Additionally, Procore's Project Execution module provides real-time collaboration, information storage, and design tools, as well as BIM model clash detection and regulation compliance, to support teams on the jobsite and in the back office. This module helps to ensure that projects are completed on time, within budget, and to the required quality standards.

Procore also offers a range of specialized modules, including Workforce Management, Financial Management, and Construction Intelligence. Workforce Management helps contractors to optimize labor productivity, enhance time management, and improve communication with their workforces, while Financial Management provides customers with real-time visibility into the financial health of their construction projects and portfolios. Construction Intelligence, on the other hand, enables customers to capture, manage, and analyze data from their construction projects, using artificial intelligence-guided workflows to drive informed decision-making and improve business outcomes.

Procore's solutions are designed to support a wide range of customers, including owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company's platform is accessible on computers, smartphones, and tablets, via any web browser or through its mobile application, which is available for iOS and Android platforms. With a strong focus on customer support and a direct sales team, Procore is well-positioned to continue growing its customer base and expanding its presence in the global construction management market. Founded in 2002 and headquartered in Carpinteria, California, Procore Technologies, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol PCOR.