How do funds flow?
Only a Payments Admin or a Payments Disburser can Create Disbursements in Procore Pay. Once authorized, a disbursement initiates these actions depending on your service. Payors can choose one (1) of these services:
Procore Pay with Procore Payment Services, Inc.'s Money Transmission Services
Cliquez ici pour voir les flux de fonds.
A
est envoyé depuis le compte For Benefit Of (FBO) de Procore Payment Services, Inc. (PPS) pour initier unIn Procore Pay, a drawdown request refers to the request to process the drawdown of funds from a payor's funding account, to transmit the funds to the payor's deposit account. This is also referred to as a Fedwire Drawdown.
décaissement de fonds à partir du compte du payeurIn Procore Pay, a drawdown refers to the disbursement of funds from a payor's funding account to the payor's deposit account held by a financial institution.
.In Procore Pay, a funding account is a bank account where money is held by a financial institution and controlled by the payor. This is the 'Pay From' account.
Le SPP exécute le
du compte de financement du payeur vers le compte FBO du SPP.In Procore Pay, a wire transfer refers to the drawdown of funds from a payor's funding account to the payor's deposit account or the Procore Payment Services, Inc.'s For Benefit Of (FBO) account.
Le compte FBO PPS exécute le
dans leIn Procore Pay, the term payment order refers to an authorized request to push funds from a deposit account to a beneficiary account.
fichier .A disbursement is the action of paying out money from a fund. In Procore Pay, a disbursement withdraws funds from a general contractor's funding account and transmits them to the general contractor's deposit account. Payment orders are then issued to withdraw funds from the deposit account to pay invoices.
La personne
qui reçoit le déboursement est envoyée dans les comptes bancaires du bénéficiaire (c’est-à-direA payment is an amount of money that is either payable or paid to a beneficiary. In Procore Pay, the term payment is used to specifically refer to invoice payments.
dans l’environnement du payeur).In Procore Pay, a beneficiary account is a bank account where money is held by a financial institution and controlled by the payee. This is the 'Pay To' bank account.
Procore Pay avec Goldman Sachs Transaction Banking (TxB)
Cliquez ici pour voir les flux de fonds.
A
est envoyé par leIn Procore Pay, a drawdown request refers to the request to process the drawdown of funds from a payor's funding account, to transmit the funds to the payor's deposit account. This is also referred to as a Fedwire Drawdown.
pour initier unIn Procore Pay, a deposit account is a bank account where money is held by a financial institution to process the payor's authorized transactions. This is the transaction banking account.
des fonds de décaissement du payeurIn Procore Pay, a drawdown refers to the disbursement of funds from a payor's funding account to the payor's deposit account held by a financial institution.
.In Procore Pay, a funding account is a bank account where money is held by a financial institution and controlled by the payor. This is the 'Pay From' account.
L’institution financière exécute le
à partir du compte de financement du payeur dans le compte de dépôt du payeur.In Procore Pay, a wire transfer refers to the drawdown of funds from a payor's funding account to the payor's deposit account or the Procore Payment Services, Inc.'s For Benefit Of (FBO) account.
Le compte de dépôt exécute le
dans leIn Procore Pay, the term payment order refers to an authorized request to push funds from a deposit account to a beneficiary account.
fichier .A disbursement is the action of paying out money from a fund. In Procore Pay, a disbursement withdraws funds from a general contractor's funding account and transmits them to the general contractor's deposit account. Payment orders are then issued to withdraw funds from the deposit account to pay invoices.
La personne
qui reçoit le déboursement est envoyée dans les comptes bancaires du bénéficiaire (c’est-à-direA payment is an amount of money that is either payable or paid to a beneficiary. In Procore Pay, the term payment is used to specifically refer to invoice payments.
dans l’environnement du payeur).In Procore Pay, a beneficiary account is a bank account where money is held by a financial institution and controlled by the payee. This is the 'Pay To' bank account.
This table details the difference between a funding account and a deposit account:
Type de compte | Définition | But | Pour en savoir plus |
|---|---|---|---|
Compte de financement | Un compte bancaire utilisé comme source pour retirer des fonds pour des décaissements. | Retient les fonds du payeur et les débloque dans le compte de dépôt. | Quels sont les différents types de comptes bancaires dans Procore Pay ? |
Compte de dépôt* | Procore Pay initie un virement inversé depuis le compte de dépôt pour transférer les fonds d’un décaissement du compte de financement vers le compte de dépôt. | Reçoit les fonds retirés pour traiter et exécuter les ordres de paiement des factures de sous-traitants d’un décaissement. |
* Procore is a financial technology company, not a bank. Banking services provided by Goldman Sachs Bank USA, a member of the Federal Reserve System and member FDIC. Additional Goldman Sachs Bank USA services may be accessed on its Transaction Banking online platform by visiting https://txb.gs.com/cx/login. Goldman Sachs accounts and services are subject to its terms and conditions.
Pointe
Vous avez besoin de plusieurs comptes de dépôt ? Vous avez besoin de plusieurs comptes de dépôt ? Pour éviter de mélanger les fonds et rationaliser le rapprochement, vous pouvez ouvrir des comptes de dépôt supplémentaires pendant ou après la mise en œuvre de Procore Pay. Soumettez votre demande à l’équipe Opérations de paiement de Procore.
Procore Pay with Commerce Bank
Cliquez ici pour voir les flux de fonds.
A
est envoyé par leIn Procore Pay, a drawdown request refers to the request to process the drawdown of funds from a payor's funding account, to transmit the funds to the payor's deposit account. This is also referred to as a Fedwire Drawdown.
pour initier unIn Procore Pay, a deposit account is a bank account where money is held by a financial institution to process the payor's authorized transactions. This is the transaction banking account.
des fonds de décaissement du payeurIn Procore Pay, a drawdown refers to the disbursement of funds from a payor's funding account to the payor's deposit account held by a financial institution.
.In Procore Pay, a funding account is a bank account where money is held by a financial institution and controlled by the payor. This is the 'Pay From' account.
L’institution financière exécute le
à partir du compte de financement du payeur dans le compte de dépôt du payeur.In Procore Pay, a wire transfer refers to the drawdown of funds from a payor's funding account to the payor's deposit account or the Procore Payment Services, Inc.'s For Benefit Of (FBO) account.
Le compte de dépôt exécute le
dans leIn Procore Pay, the term payment order refers to an authorized request to push funds from a deposit account to a beneficiary account.
fichier .A disbursement is the action of paying out money from a fund. In Procore Pay, a disbursement withdraws funds from a general contractor's funding account and transmits them to the general contractor's deposit account. Payment orders are then issued to withdraw funds from the deposit account to pay invoices.
La personne
qui reçoit le déboursement est envoyée dans les comptes bancaires du bénéficiaire (c’est-à-direA payment is an amount of money that is either payable or paid to a beneficiary. In Procore Pay, the term payment is used to specifically refer to invoice payments.
dans l’environnement du payeur).In Procore Pay, a beneficiary account is a bank account where money is held by a financial institution and controlled by the payee. This is the 'Pay To' bank account.
Le tableau ci-dessous détaille la différence entre un compte de financement et un compte de dépôt :
Account Type | Definition | Purpose | Learn More |
|---|---|---|---|
Funding Account | A bank account used as the source to withdraw funds for disbursements. | Holds the payor's funds and releases them to the Deposit Account. | What are the different types of bank accounts in Procore Pay? |
Deposit Account * | Procore Pay initiates a reverse wire from the deposit account to transfer the funds for a disbursement from the funding account to the deposit account. | Receives the withdrawn funds to process and execute the payment orders for a disbursement's subcontractor invoices. |
* Procore est une entreprise de technologie financière, pas une banque. Services bancaires fournis par Commerce Bank, une banque et fiducie du Missouri assurée par la FDIC. Les comptes et services de Commerce Bank sont soumis à ses conditions générales.
Tip
Need multiple deposit accounts? Need multiple deposit accounts? To avoid commingling funds and streamline reconciliation, you can open additional deposit accounts during or after Procore Pay implementation. Submit your request to Procore's Payment Operations team.