Which feature in Procore provides real-time financial tracking?

Budget Management is the feature in Procore that provides real-time financial tracking. This tool allows project managers to monitor and control budgeted expenses against actual costs as the project progresses. By utilizing this feature, users can easily see how much of the budget has been spent, what is left, and how it aligns with financial projections. This capability is critical for making informed decisions about resource allocation and project financing, as it helps identify potential financial issues before they escalate.

In contrast, the other features serve specific purposes within the financial realm but do not provide a comprehensive overview of financial status. Cost Code Management focuses on categorizing expenses rather than tracking overall budget performance. Payroll Management is concerned with employee compensation and can contribute to budget updates but does not directly reflect total budget status. Time Tracking records labor for project activities, impacting expenses but not providing a direct view of overall financial health. Thus, Budget Management stands out as the essential feature for ongoing financial oversight in a construction project.