Standardize and Automate Billing, Payments and Compliance.
The complexity of projects, programs, and megaprojects—which involve a range of clients, diverse project types, trade contractors, and partners—requires exceptional collaboration among some of the industry's largest players. Textura emerges as a powerful solution that seamlessly integrates with ERPs, enabling these companies to securely share vital payment information.
Textura enhances efficiency in construction payment management by simplifying and automating the draw process for general contractors, owners, and subcontractors. It eliminates the hassle of paper documents, reduces risk through secure management of lien waivers, and increases visibility to downstream payments, ensuring timely compensation for all parties involved. As a versatile one-stop shop, Textura accelerates approval timelines for subcontractors while maintaining cash flow through effective collaboration. By managing paperwork, it reduces the need for additional lower-level management staff, allowing teams to focus on their core tasks.
Oracle Textura Services
Ensuring your technologies strengthen your construction payment management.
In-depth Assessment
To ensure all requirements are met before deploying Oracle Textura, our experts start with a cross-functional review of processes and technologies.
Implementation
With our extensive experience in complex project environments, our approach minimizes the complexity of your Oracle Textura deployment.
Custom Integrations
Extend your Oracle Textura data to synchronize with your Enterprise Resource Planning (ERP) systems.
Cloud Migration
Explore the requirements, considerations, and industry best practices to successfully migrate your on-prem payment applications to the Cloud.
Remediation
Already implemented Oracle Textura? Our experts will assess your environment and propose an attainable roadmap to meet your desired outcomes.
Managed Services
After implementation, keep Oracle Textura optimized for your systems' capacity, and empower your teams without disruption.
Oracle Textura Payment Management Features
Increase Productivity and Mitigate Risk
Secure Payment Workflows
Craft precise invoices that align seamlessly with each contract's schedule of values. Gather electronically signed invoices, lien waivers, and compliance documents with ease. Enhance tracking for quicker invoice reviews and payments through secure approvals and automated notifications. Boost visibility into task statuses and effortlessly compile subcontractor invoices for client billing.
Compliance & Lein Waver Mgmt.
Collect and track lien waivers, compliance documents or other requirements. Champion diversity initiatives through supplier tracking and automate compliance reporting with timely notifications. Foster transparency in compliance status, proactively addressing payment holds for noncompliance, and uphold standardized forms to ensure integrity in processes and payments.
Timely Electronic Payments
Imagine a secure digital system for electronically signed lien waivers that streamlines ACH payments, replacing paper checks. This simplifies payments for sub-tier contractors and enhances tracking of invoicing and disbursements. By automating deposit notifications, you reduce payment status inquiries and improve workflow efficiency while ensuring automatic payment holds for noncompliance.
Shared Collaborative Environment
Owners, contractors, and subcontractors can enhance efficiency by collaborating in a shared environment, allowing seamless communication on documentation, compliance, and payments. Users can track lien waivers and invoices in real-time, ensuring visibility for project teams. A shared cloud workspace ensures version control of payment materials, preserving information for audits.
Reporting & Analytics
Access customizable reporting with predefined reports for contractors and audits. Explore project analysis, budgets, invoices, and subcontractor status. Harness dashboards for seamless access to vital metrics and insightful portfolio summaries on vendors, payments, and tasks. The data services enable integration with your own analytics applications, offering endless possibilities.
Payment Acceleration
This is an optional feature that streamlines accelerated payment programs in your invoicing and payment workflows. It integrates with your accounting system, allowing for efficient management of these programs. You can implement early payment programs on a large scale, providing tailored solutions for general contractors and subcontractors.
