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Oracle Textura Pre-Qualification Management Cloud Service—Features
Oracle Textura Pre-Qualification Management Cloud Service automates the prequalification process, enabling general contractors to efficiently and effectively manage risk in subcontractor prequalification programs.
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Streamline managing your reviews and approvals with an easy-to-use, permission-based dashboard.
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Easily track the status of all your subcontractors and vendors through our customizable dashboard.
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Create configurable, customized requirements by program or project, including on-system ratios and financial analytics.
- Overview
- Features and Benefits
Oracle Textura Pre-Qualification Management Cloud Service streamlines the prequalification process, enabling you to improve vendor selection, mitigate future risk, and confidently select best-value bids, increasing revenue and profitability.
Features
Benefits
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Streamlined workflows and automation
- Adopt a consistent workflow to improve efficiency and productivity to evaluate subcontractor data
- Route specific information to designated stakeholders using customized workflows
- Ensure proper stakeholders approve vendors with configurable workflows
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Centralized database
- Improve efficiency with automated tracking and collection of data to reduce administrative waste and errors
- Use permission-based roles and one-time data entry to reduce time for subcontractors
- Protect privacy and ensure on-demand access for approved users
- Employ a historical and auditable qualification database
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Expiration management
- Facilitate ongoing prequalification wth automatic expirations
- Collect and update information according to enacted risk mitigation plans
- Easily manage the renewal of information from your subcontractor database
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Online collaboration in shared environment
- Adopt an enterprise risk management approach to select best-value bids
- Improve cross-departmental communication with respect to subcontractor status
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Risk mitigation
- Improve vendor selection by setting single and aggregate contract limits
- Enable enterprise-wide understanding of risk-mitigation initiatives with custom statuses
- Enhance project management with transparency of subcontractor risk-mitigation plans
- Reduce exposure to delay, damage, liens, and project derailment
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Configurable financial module
- Utilize on-system standard financial ratios to automatically create a financial score
- Set single and aggregate contract limits with financial analysis