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.
Contractors and owners have trusted Oracle Textura on more than $1T of projects.
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.
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.
Reduce risk with automated compliance workflows, secure document and lien waiver collection, and strong governance and controls around one of your core financial functions.
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.
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.
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.
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 invoice documents, such as G702/703, that are linked to each contract’s schedule of values.
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.
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.
Roll up subcontractor invoices for general contractor’s owner billing in a single click.
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.
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 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.
Enforce use of standardized forms, including lien waivers, and prevent modifications. Prevent unauthorized or fraudulent change orders and payment activity.
Set up secure digital exchange of current, unconditional, and e-signed lien waivers for automated clearing house (ACH) payments.
Stop cutting and delivering paper checks. Simplify and expedite payments using ACH payments. Pay sub-tiers directly if required.
Track invoicing and disbursements and notify all stakeholders at every stage in the process. Reduce subcontractor payment status inquiries with automated deposit notifications.
Automate payment holds for lien waiver or 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 invoicing and payment workflows.
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.
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.
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 general contractor, subcontractor, audit, and draw reports, including supplier and sub-tier diversity tracking.
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 for both owners and general 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 optimized for each customer, minimizing business disruptions.
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, general contractors, and subcontractors—during implementation and for as long as you use the application at no extra cost.
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.
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 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
Mitigate risk by reducing human error and securely managing the lien and compliance process.
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.
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 weekly live training, and our support portal to open new requests and track existing issues.
Log in to your Oracle Textura Payment Management account here.
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.
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.
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.
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. Synchronize 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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