ProcurePro provides procurement and subcontract management software that enhances visibility and control over construction procurement processes. By automating contract creation, vendor management, and performance tracking, it reduces administrative burdens and minimizes revenue leakage, ultimately improving project profitability.
Funding
$6.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Construction projects often suffer from disconnected procurement processes, leading to manual errors, scope gaps, and difficulties in tracking progress, ultimately eroding project margins. The lack of visibility and control over procurement makes it challenging to manage vendor performance, mitigate risks, and ensure compliance.
Solution
ProcurePro offers a construction procurement software solution designed to provide enhanced visibility and control over the entire procurement lifecycle. The platform automates contract creation, streamlines tendering, facilitates vendor management, and enables performance tracking, all within a centralized system. By digitizing and connecting fragmented processes, ProcurePro helps construction companies make smarter, faster decisions, reduce administrative burdens, and minimize revenue leakage. The software integrates with existing construction tech ecosystems, offering features such as a scope of works library, vendor ratings, and real-time reporting and analytics to optimize project outcomes.
Target Audience
ProcurePro primarily targets main contractors in the construction industry seeking to streamline their procurement processes, improve project profitability, and gain better visibility over their supply chain.
Features
- Procurement Schedule: Provides real-time visibility over the status of procurement activities.
- Scope of Works Library: Helps prevent scope gaps, reduce revenue leakage, and improve profitability with pre-built templates.
- Tenders & Price Breakdowns: Streamlines the tendering process, making it easier to compare subcontractors and streamline approvals.
- Contract Creation: Automates contract creation to prevent human errors and mitigate contract risk.
- Electronic Signature: Enables fast contract signing with built-in eSignature functionality.
- Vendor Management: Facilitates vendor management by identifying supply chain risks and opportunities.
- Vendor Ratings: Allows users to rate subcontractor performance to inform future procurement decisions.
- Reporting & Analytics: Offers real-time procurement insights to drive data-driven decisions.
- Integrations: Seamlessly integrates with Procore, Aconex, DocuSign, Microsoft Entra, Viewpoint Jobpac, COINS, and other construction management and finance platforms.