Overview
In Beta
This content is for participants of Procore Pay Early Pay Beta Program.
An Early Pay Program (EPP) is a financial strategy where a payor, typically a large general contractor, agrees to make early subcontractor invoice payments, in return for a fee.
The key benefits of Early Pay Programs include:
For payors: Gain cost savings by offering discounts in return for early payments. This helps to mitigate project risks and leads to stronger partnerships, fewer disruptions, improved financial health, and greater project success.
For payees: Receive subcontractor invoice payments faster, improve cash flow, and reduce their dependence on costly financing options such as bank loans and credit lines. This supports predictable cash flow for purchasing inventory, meeting payroll, and keeping the business running.