Case Study: Procore achieves faster contractor payments with Modern Treasury

Procore scales to 1 million+ projects with Modern Treasury

Procore, a leading global provider of construction management software, faced the challenge of simplifying the complex and slow payment process for large-scale construction projects. They needed an embedded payment solution to streamline workflows between general contractors and subcontractors, automate invoicing, and ensure timely payments without diverting resources from their core product development. To address this, Procore partnered with vendor Modern Treasury to build their payment platform, Procore Pay.

By integrating Modern Treasury's payments infrastructure, including ledgers and ACH payment rails, Procore automated manual processes and gained real-time visibility into the payment lifecycle. This solution allowed contractors to send funds electronically instead of via paper checks, significantly speeding up payments. The partnership with Modern Treasury enabled Procore to accelerate its go-to-market strategy, improve the customer experience, and scale to serve large enterprise customers, with future plans to dramatically increase its transaction volume.

Procore