London, United Kingdom – August 2020 – Invennt is pleased to announce they have entered into a strategic referral partnership with Procore, a leading provider of construction management software. In North America and the UK, the agreement combines Invennt’s industry-leading management consulting services with Procore’s construction management platform.
With the role of technology in construction growing ever greater, Invennt recognises the importance of alliances with technology and software partners that share our mission, to create value through construction. This agreement brings together Invennt’s expert capabilities in business strategy, operational improvement, tax credit claims and business development with Procore’s frictionless all-in-one construction management platform.
Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilising project communications and documentation. This real-time data and accessibility minimises costly risks and delays—ultimately boosting profits. Using their award-winning suite of project management tools, over a million registered Procore users manage construction projects across the globe.
Procore’s advanced recordkeeping capabilities track every cent of corporate expenditure and income; technical documentation and project information, allowing executives to see and control every aspect of their business. A little known, but vitally important benefit of this recordkeeping capability is the ability to track expenditure that is eligible for investment tax credits, such as SR&ED in Canada or R&D in the UK and Ireland, making claims accurate, provable, simple and fast.
“This is a winning combination that we are excited to bring to our customers,” says Tim Fitch, Director and co-founder of Invennt. “By pairing Procore’s expertise in construction management software with Invennt’s deep knowledge of the business of construction and the tax code, we have formed a partnership that is greater than the sum of its parts and a significant addition to our ecosystem of technology partners.”
Ben Pritchard, Executive Vice President, Invennt Canada adds, “Procore is a vital component of construction’s digital transformation that is already helping our clients become more productive, agile and financially robust. This partnership will enable us to deliver transformative change in an industry that is crying out for innovative solutions to its operational and financial problems.”
“Invennt has the expertise in local tax codes our customers in Canada look for,” said Jas Saraw, Vice President, Canada, at Procore. “Navigating the requirements in each provincial jurisdiction is a point of friction in the industry, and we believe this partnership will help smooth the way for Canadian construction businesses.”
Brandon Olivieri O’Connor, Senior Director of UK and Ireland at Procore said, “Invennt’s understanding of the construction industry in the UK and Ireland makes us excited for the future of this partnership.”
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Invennt is the world’s leading specialist construction business consultancy. The business was founded by Tim Fitch and Brendan Morahan to help the construction industry get greater value from their investments. The company’s services include business strategy development, productivity & operational improvement, business development and marketing, collaboration and R&D tax credit claims.