Onboarding Steps
Setting up Specialty Contractors to receive payments through Procore Pay is a crucial initial step for streamlining construction payment workflows. This breaks down the essential actions required—from initial platform connection and account setup to bank verification and agreement acceptance—ensuring payees are ready to benefit from faster, more transparent financial exchanges with their payors.
Key Steps
The key steps for onboarding Specialty Contractors as payees in Procore Pay include:
Step | Action | Purpose | Initiated by | Completed by (Payee) | Completed by (Payor) | Notes |
|---|---|---|---|---|---|---|
1 | Receive Invitation or Initiate Setup | To connect the Payee's company to the Payor's Procore Pay platform for streamlined payments. | Payor or Payee | Payee (if initiating) | Payor (if sending invitation) | Payees can be invited by Payors or Payees with access to the Payor's Commitments tool can initiate setup from a project commitment. |
2 | Create or Log In to Procore Company Account | Establishing or accessing a Procore company account is necessary for using the Procore Pay platform. | Payee | Payee | N/A | Payees will either log in to their existing Procore company account or create a new (free or paid) one. |
3 | Designate Payments Administrator | To assign a specific individual within the Payee's company to manage bank account details, Procore Pay Agreements, and payment settings. | Payee | Payee (Company/System Administrator initially, then manageable in Procore Payments) | N/A | Company or System Administrators often receive these permissions by default during initial setup. |
4 | Add and Verify Bank Account | To securely link the Payee's bank account to receive electronic payments and ensure accuracy. | Payee | Payee (Payments Administrator) | N/A | This process includes verification steps for security and accuracy. |
5 | Review and Accept Procore Pay Agreement | To legally authorize Procore Pay to facilitate payments for specific subcontracts between the Payor and Payee. | Payee | Payee (Payments Administrator) | N/A | A Procore Pay Agreement must be reviewed and accepted for each subcontract to be paid by a Payor through Procore Pay. |
Once onboarded, Procore Pay simplifies the entire payment process for both payors and payees, from submitting invoices to receiving funds, improving teamwork and financial control between general and specialty contractors.