Procore is a web-based project management compliance reporting solution designed to assist recipients of Coronavirus State Local Fiscal Recovery Funds (CSLFRF) in capturing, managing, and maintaining the necessary data required by the US Treasury Department. It helps establish and maintain internal controls, simplifies report submission, and ensures the maintenance of supporting records for future audits.
With a real-time dashboard and project management features, Procore allows users to effectively track project status, costs, programmatic data, actions, and issues. It also includes cost management capabilities, enabling users to add obligations and expenditures, link them to specific projects, and generate reports. Additionally, Procore supports the specific CSLFRF requirement of reporting subawards and provides a revenue replacement model for easy input and calculation of revenue reduction.
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