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Oracle Textura Payment Management

Boost efficiency with a construction payment management application that helps general contractors, owners, and subcontractors simplify and automate the draw process. Reduce risk by securely managing lien waivers and compliance. Increase visibility to downstream payments to minimize the risk of disruption and ensure the entire supply chain is paid on time for work completed.

Webinar: Oracle Textura Payment Management for contractors

Learn how to prevent errors with process automation and gain visibility into downstream payments to lessen the risk of disruption. See Oracle Textura in action and find out why contractors of all sizes choose this solution to increase productivity and mitigate risk.

Webinar: Oracle Textura Payment Management for owners

Ensure your project delivery teams are using the right tools and the best solutions so they can provide you with the information you need, when you need it, giving you the control and assurance you require. Register for our webinar to see how Oracle Textura can help.

Contractors and owners have trusted Oracle Textura on more than $1T of projects.

Simplify construction payment management

Increase productivity and mitigate risk with streamlined and accurate billing, timely payments, and effective compliance controls. Prevent errors with process automation and gain visibility into downstream payments to lessen the risk of disruption.

Streamlined workflows and automation

Improve payment accuracy and reduce the risk of late payments by eliminating the inefficiencies and potential human errors from manual invoice calculations and related reviews, approvals, and compliance processes.

Compliance, lien waiver management

Reduce risk with automated compliance workflows, secure document and lien waiver collection, and strong governance and controls around one of your core financial functions.

Payments

Pay your subcontractors and suppliers faster with electronic payment while meeting regulatory requirements and managing lien waivers and compliance requirements. Set up and offer your subcontractors early payment programs.

Collaboration

With everyone using a single collaboration platform, owners, general contractors, and subcontractors have full visibility into compliance and payment status and can identify and fix potential issues before they become problems.

Reporting and analytics

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.

Accounting system integration

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.

Dedicated client services

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.


Invoicing

Automatically generate accurate invoice documents, such as G702/703, that are linked to each contract’s schedule of values.

Compliance

Collect electronically signed invoices, lien waivers, as required sworn statements, and unconditional lien waivers. Collect additional compliance documents and confirm compliance requirements are met. Centrally track everything.

Reviews and approvals

Accelerate invoice review and generation of payment applications with highly configurable and secure approval workflows, tracking, and automated notifications. Provide everyone with visibility and reports into task and activity status.

Owner billing

Roll up subcontractor invoices for general contractor’s owner billing in a single click.


Collection and tracking

Collect and track conditional and unconditional subcontractor and sub-tier lien waivers, as well as any compliance document or requirement, such as standard compliance, periodic or recurring compliance, or rules-based compliance.

Supplier diversity tracking

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.

Notifications and reporting

Automatically check compliance status of each requirement and send relevant notifications. Provide all parties with visibility into lien waiver and compliance status and any related payment holds resulting from noncompliance.

Enforcement

Enforce use of standardized forms, including lien waivers, and prevent modifications. Prevent unauthorized or fraudulent change orders and payment activity.


Lien waivers exchange for payment

Set up secure digital exchange of current, unconditional, and e-signed lien waivers for automated clearing house (ACH) payments.

Electronic payment

Stop cutting and delivering paper checks. Simplify and expedite payments using ACH payments. Pay sub-tiers directly if required.

Track disbursements and notify

Track invoicing and disbursements and notify all stakeholders at every stage in the process. Reduce subcontractor payment status inquiries with automated deposit notifications.

Payment holds

Automate payment holds for lien waiver or compliance deficiencies.

Payment acceleration

Oracle Textura Payment Accelerator is an optional feature that enables you to create and run accelerated payment programs using existing Oracle Textura Payment Management invoicing and payment workflows.


Working together

Owners, general contractors, and subcontractors gain efficiency by working together in a shared environment and can easily communicate about missing or out-of-date documentation, errors, compliance requirements, payment holds, or payment status.

Status reports

View the real-time status of all lien waivers (prime and sub-tier) and invoices. Ensure project teams and subcontractors have full visibility into compliance status to proactively address issues.

Version control and auditing

Enable version control of payment materials in a shared cloud workspace. All user actions, electronic signatures, and payment documents are preserved for auditing purposes.


Predefined reports

Enable on-demand and configurable reporting. Track status and performance with more than 90 predefined general contractor, subcontractor, audit, and draw reports, including supplier and sub-tier diversity tracking.

Project dashboards and analytics

Analyze projects, subcontractors, draw budgets, invoices, payments, and subcontractor status. Track performance with dashboards and analytics to easily see and communicate key project metrics.

Portfolio dashboards and analytics

Portfolio dashboards for both owners and general contractors provide summaries across all vendors, payments, task status, and projects.

Data services

Data services allows you to access data with your own analytics applications.


Business process mapping

Oracle works with each customer to map their business processes and implement Oracle Textura and accounting system integrations that are optimized for each customer, minimizing business disruptions.

Accounting system integration

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.

Training

Oracle provides unlimited training to all project partners—owners, general contractors, and subcontractors—during implementation and for as long as you use the application at no extra cost.

Support

Customers can access phone support in English, French, and Spanish and can also access support via the support portal, as well as in-app Support Chat.

Security, performance, scalability

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.

How Bond Brothers relied on Oracle Textura Payment Management for a smooth upgrade to a new ERP system
How Oracle Textura helps Commodore Builders anticipate and manage payment risks
McShane Construction boosts efficiency and reduces risk with Oracle Textura Payment Management
MW Builders cuts lien waiver management time with Oracle Textura Payment Management
Oracle Textura provides Suffolk secure construction payment management solutions

Key benefits of construction payment management

01Improve efficiency to boost productivity

Improve efficiency through standardization of the invoicing 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

02Control risk and reduce errors

Mitigate risk by reducing human error and securely managing the lien and compliance process.

Read how Commodore Builders manages payment risks

03Minimize payment delays and project disruptions

Increase visibility into downstream payments to minimize the risk of disruption and ensure that your entire supply chain gets paid on time for work completed.

Read how subcontractor AMC gets faster payments

04Find savings and improvements from greater insights

Identify cost savings and improvement opportunities with analysis and reporting aggregated across project portfolios.

Read how Digital Realty standardizes across projects

Oracle Textura helps Alston Construction keep payment processes smooth amid supersonic revenue growth

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 post

Additional construction payment management resources

Resources for subcontractors

Click 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 weekly live training, and our support portal to open new requests and track existing issues.

Already an Oracle Textura Payment Management user?

Log in to your Oracle Textura Payment Management account here.

How 3 top general contractors tackle construction payment management

Payment management is critical for seamless project delivery. In this on-demand webcast, industry leaders share their views on Oracle Textura and the benefits they’ve experienced from using this collaborative platform.

Build efficiency by simplifying payment management

Today's builders are focused on high-quality project delivery. In this interactive brief, find out how they're streamlining and automating the invoicing, compliance, lien waiver, and payment processes.

The Payment Management Playbook

Learn the strategies to overcome payment process challenges that limit productivity and present risk. Contractors get tips on how to work more efficiently. Owners get visibility into payments and compliance. Subcontractors eliminate manual errors.

Oracle Textura Payment Management by the numbers

Learn why the construction industry trusts Oracle Textura to keep payments—and projects—moving forward.

Get started with Oracle Textura Payment Management


Try our self-guided demo

See how Oracle Textura Payment Management can help you streamline payments with collaborative payment management.


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Contact us to set up a live demo for Oracle Textura Payment Management.


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