Australia, Industry News, Latest News, Technology

Procore and MYOB launch joint initiative

Business management platform MYOB has launched a joint initiative with Procore Technologies to provide a new platform for construction firms.

Business management platform MYOB has launched a joint initiative with Procore Technologies to provide a new platform for construction firms.

Procore is a leading provider of construction management software, with more than 1.6 million users worldwide and the new partnership offers Australian construction businesses a best-in-class digital solution that effectively manages all areas of their projects – from resource and project management to financials and payroll.

MYOB Enterprise Head of Product, Frank Feustel, says the new partnership with Procore further cements MYOB’s commitment to supporting business success in the construction sector.

“Procore is globally renowned for both its expertise and the strength of its complete construction management platform. We are excited to be partnering with them to offer enhanced capability on top of our accounting, finance and payroll offering, and provide even more benefits to local mid-market construction firms,” Feustel said.

“Quality and efficiency are key to helping local construction firms improve productivity, boost profits and thrive, and tailored digital solutions will continue to play a key role in their future success. Every decision made on a construction site is intrinsically linked to the project’s accounting, and likewise, every financial decision needs to match up with what’s happening in the field.

“Partnering with Procore means our MYOB Advanced Construction Edition customers now have the ability to input, update and share critical accounting and on-site information in a single source of truth for all stakeholders who need access – from the CFO, to subcontractors, to supervisors. It’s designed with this 360-degree use in mind,” he adds.

The new MYOB integration with Procore provides a range of benefits for construction firms, including:

  • Remote access to information between office and field staff
  • Streamlined approval processes for subcontracts and purchase orders
  • Synchronisation of data, which sees Procore fields automatically updated to reflect changes made in corresponding fields within the MYOB Advanced Construction Edition in real time – meaning less manual data entry, helping increase accuracy and efficiency
  • Multi-entity businesses can have a single login that allows MYOB Advanced Construction Edition users to switch between entities, as well as select which entity Procore will integrate with.

Tom Karemacher, Vice President of Asia Pacific at Procore, explains that the partnership with MYOB was a natural fit as Procore continues to extend its reach and support more local construction businesses in Australia.

“Procore could see strong alignment with MYOB on a number of fronts when we were assessing the possibility of a partnership and how we can solve for what the industry needs,” Karemacher said.

“Procore’s vision is to improve the lives of everyone in construction, and we are impressed with MYOB’s focus and investment in the construction industry, truly putting the needs of the customer at the centre of its solutions.”

Leave a Reply