Progress claims, variations, and payments don’t have to be admin heavy. Boost efficiency with a construction payment management application that helps builders, owners, and subcontractors simplify the monthly period process. Reduce risk by securely managing compliance. Increase visibility to downstream payments to ensure the supply chain is paid on time for work completed.
Builders and owners have trusted Oracle Textura on more than USD$1T of projects
Increase productivity and mitigate risk with streamlined and accurate claims, timely payments, and effective compliance controls. Prevent errors with process automation and gain visibility into downstream payments to lessen the risk of disruption.
Improve productivity and accuracy by eliminating the inefficiencies and potential human errors from manual progress claim calculations, variations, and related reviews, approvals, and compliance processes.
Reduce risk with automated compliance workflows, secure document collection, and strong governance and controls around one of your core financial functions.
Comply with dates and times required by Security of Payments (SoP) or Construction Contracts (CC) Acts while managing documents and compliance. Offer early payment programs. Automatically calculate, hold, and release retention.
With everyone using a single collaboration platform, owners, builders, and subcontractors have full visibility into variation, compliance, and payment status and can identify and fix potential issues before they become problems.
Augment your enterprise analytics by adding payment data from Oracle Textura Payment Management to your data warehouse. Support your decisions with reports, dashboards, and analytics delivered to you when and how you want them.
Save time with the exclusive out-of-the box integration connecting Oracle Aconex and Oracle Textura. Eliminate manual steps by automating the transfer of approved claim documents to your Oracle Aconex document register.
Eliminate redundant double data entry and automate the transfer of critical financial data between Oracle Textura and the most popular accounting solutions. Oracle sets up these integrations at no extra charge.
You and your subcontractors enjoy dedicated support at no extra cost during implementation and for as long as you use the application. Access unlimited training for all users, including subcontractors, to shorten time to value.
Automatically generate accurate progress claims, including details of all variations and retention, that are linked to each contract’s work breakdown, as well as payment schedules and subcontractor statement documents.
Collect electronically signed claims, statutory declarations, and subcontractor statements. Collect additional compliance documents and confirm compliance requirements are met. Centrally track everything.
Accelerate claims review and generation of payment schedules with highly configurable and secure approval workflows, tracking, and automated notifications. Provide everyone with visibility and reports into task and activity status.
Roll up subcontractor claims for head contractor’s owner billing in a single click.
Collect and track witnessed statutory declarations, as well as any compliance document or requirement, such as insurance or Government-mandated documentation.
Set up supplier tracking programs at the enterprise level to support diversity initiatives or at the individual project level to track per-project attainment. Create categories and classifications to automate compliance reporting.
Automatically receive notifications as SoP or CC Act claim assessment deadlines approach. Provide all parties with visibility into progress claim and compliance status and any related payment holds resulting from noncompliance.
Enforce use of standardised forms, including statutory declarations, and prevent modifications. Prevent unauthorised or fraudulent variations and payment activity.
Set up claims period due dates to comply with Security of Payments and Construction Contracts Acts requirements. Automatically send emails and notifications before deadlines. Track and report on key metrics for period performance.
Simplify payments using electronic funds transfer from Oracle Textura, with payment amounts linked to requests and approvals, or send payment information to your accounting system for processing. Pay subtiers directly if needed.
Track claims and payments and notify all stakeholders at every stage in the process. Reduce subcontractor payment status inquiries with automated deposit notifications.
Automate payment holds for compliance deficiencies.
Oracle Textura Payment Accelerator is an optional feature that enables you to create and run accelerated payment programs using existing Oracle Textura Payment Management claims and payment workflows.
Owners, head contractors, and subcontractors gain efficiency by working together in a shared environment and can communicate about documentation, errors, compliance requirements, payment holds, or payment status.
View the real-time status of all compliance documents and requirements, variations, and claims. Ensure project teams and subcontractors have full visibility into compliance status to proactively address issues.
Enable version control of payment materials in a shared cloud workspace. All user actions, electronic signatures, and payment documents are preserved for auditing purposes.
Enable on-demand and configurable reporting. Track status and performance with more than 90 predefined head contractor, subcontractor, audit, and period reports, including supplier and sub-tier diversity tracking.
Analyse projects, subcontractors, period budgets, claims, payments, and subcontractor status. Track performance with dashboards and analytics to easily see and communicate key project metrics.
Portfolio dashboards for both owners and head contractors provide summaries across all vendors, payments, task status, and projects.
Data services allows you to access data with your own analytics applications.
Oracle works with each customer to map their business processes and implement Oracle Textura and accounting system integrations that are optimised for each customer, minimising business disruptions.
Subcontractor claims approved in Oracle Textura are automatically added to your Oracle Aconex document register, retaining an auditable accurate record. Oracle Aconex transmittals send payment schedules to subcontractors.
Eliminate redundant double data entry and automate the transfer of critical financial data between Oracle Textura and the most popular accounting solutions. Oracle sets up these integrations at no extra charge.
Oracle provides unlimited training to all project partners—owners, head contractors, and subcontractors—during implementation and for as long as you use the application at no extra cost.
Customers can access phone support, and can also access support via the support portal.
Manage security, availability, performance, and scalability with Oracle Cloud Infrastructure technology. Ensure secure application access SSL encryption, user permission, two-factor authentication, single sign-on, and more.
Improve efficiency through standardisation of the claims and payment process for the supply chain that can be rolled into the owner’s billing.
Read how Alston Construction keeps payments smooth amid supersonic growth
Mitigate risk by reducing human error and securely managing the claim and compliance process
Increase visibility into downstream payments to minimise the risk of disruption and ensure that your entire supply chain gets paid on time for work completed.
Identify cost savings and improvement opportunities with analysis and reporting aggregated across project portfolios.
Lucie Trepanier, Product Marketing Director, Oracle
Learn how Oracle Textura helped Alston Construction grow 10X, without additional proportional hiring in accounts payable, while virtually eliminating human error and shortening the monthly close by a week.
Read the complete postClick this link for first time subcontractor users to enroll and get started with Oracle Textura. As well, existing customers and first-time users can find links and phone numbers, information about live training, and our support portal to open new requests and track existing issues.
Log in to your Oracle Textura Payment Management account here.
In this session, our subject matter experts will discuss how a healthy and resilient supply chain is crucial to successfully meeting industry challenges and improving the overall project delivery.
Learn the strategies to overcome payment process challenges that limit productivity and present risk. Builders get tips on how to work more efficiently. Owners get visibility into payments and compliance. Subcontractors eliminate manual errors.
Learn why the construction industry trusts Oracle Textura to keep payments—and projects—moving forward.
Connect your teams and applications in one place. Empower decision-makers with accurate data. Synchronise activities and resources.
Planning and scheduling for any engineering and construction project.
Proven project delivery and controls.
Unlock the power of your data to continuously improve project outcomes.
See how Oracle Textura Payment Management can help you streamline payments with collaborative payment management.
Contact us to set up a live demo for Oracle Textura Payment Management.
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