Keagan Tan, a Z Club Varsity Programme member, presentsweighs in on how increasing IT use in construction and the increasing complexity of construction projects creates significant upside for Procore.
1. Regarding the competitor landscape, I think the main competitor in this pure-play construction software is Autodesk with its Autodesk Construction Cloud. What is the likelihood for Procore to win Autodesk, especially when Autodesk has scalability?
2. You mentioned that $PCOR uses a land and expand strategy: "Once a customer is onboarded, Procore expands its relationship by increasing project volume on the platform and then cross-selling additional products across multiple contract cycles". Just curious whether the company is on track with their roadmap and what type of products are they expecting to xsell in the next few years?
Good read, thanks Kegan. Some questions from me:
1. Regarding the competitor landscape, I think the main competitor in this pure-play construction software is Autodesk with its Autodesk Construction Cloud. What is the likelihood for Procore to win Autodesk, especially when Autodesk has scalability?
2. You mentioned that $PCOR uses a land and expand strategy: "Once a customer is onboarded, Procore expands its relationship by increasing project volume on the platform and then cross-selling additional products across multiple contract cycles". Just curious whether the company is on track with their roadmap and what type of products are they expecting to xsell in the next few years?