Owners and general contractors know that a high-performing and loyal delivery supply chain that works hard to deliver profitable projects on time deserves to be paid on time. Streamlining the billing and payment process—while ensuring effective compliance management—is what cloud-based Oracle Textura Payment Management does better than anyone.
Construction projects are a team sport. Communication, collaboration, and trust are critical at every stage, including the invoicing and payment process. Too often stakeholders lack the visibility they need, are mired in endless paperwork, and open themselves and their business to unnecessary risk. Oracle Textura Payment Management is a payment management platform that increases visibility, automation, standardization, and collaboration to new levels.
It streamlines and automates the construction finance processes for billing, payment, and compliance management—including lien waiver management—with integrations with enterprise resource planning (ERP) applications, analytics and reporting, and unrivaled client services. The solution provides visibility into payments to the supply chain to head off project disruptions, delivers efficiencies to the invoice and payment processes that go straight to the bottom line, and supports compliance management to minimize risk. With everyone paid accurately and on time, project owners, general contractors, and their subcontractors can focus on high-quality project delivery.
Automate the transfer of financial data between the Oracle Textura Payment Management system and popular accounting systems to improve efficiency and transparency.
Operate accelerated payment programs with Oracle Textura Payment Accelerator, a simple and convenient extension of your existing workflows and ERP integrations.