QuoteToMe, a provider of procure-to-pay automation software, announced a new partnership with Procore, a global provider of construction management software. The will help increase efficiency for contractor businesses looking to improve their procurement processes, the companies said.
Construction is a $10 trillion per year global industry, with more than $1 trillion spent on materials and equipment in the U.S. and Canada alone. Due to an inefficient incumbent procure-pay workflow, the result is billions of dollars of waste on project overspend and re-work. The construction industry standard for procure-pay workflows includes manual non-centralized communication (phone, text, email) between project teams and suppliers, many paper-based processes and little to no visibility between contractor departments (field, office and accounting).
QuoteToMe’s end-to-end platform consistently saves contractor field and office teams 75% of the time spent to source goods and process purchase orders (POs) and creates up to 15% cost savings on materials and equipment, the company said.
The integration between QuoteToMe and Procore helps effectively eliminate data entry and frees time for project managers and site supervisors. Using the QuoteToMe app, field and office users will have the ability to create purchase orders from their mobile devices or desktop computers that can automatically sync with Procore’s Project Financials product.
“Today, we welcome QuoteToMe to a global ecosystem of over 300 Procore App Marketplace Partners,” said Jas Saraw, vice president-Canada, Procore. “The seamless integration of QuoteToMe with our platform can save our customers time and money, allowing them to protect their profit margins and reduce the administrative burden of procurement.”