Oracle Textura Payment Management increases efficiency and control in construction payment management through a collaborative subcontractor invoicing and payment software system. The cloud solution, which has been used on projects totaling more than $1 trillion in value, streamlines and automates processes to accelerate payment, mitigate risk, and improve cash flow. Contractors can rely on the exchange of e-signed lien waivers and electronic payments.
“DPR believes their relationships in the subcontractor community, which are strengthened by Oracle Textura Payment Management, are critical to the company’s success and ability to maintain a competitive edge in the market.”
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.
Turner Construction, a large US contractor, leverages Oracle Textura Payment Management to automate subcontractor invoicing, lien waver exchanges, and construction compliance documentation to consistently process payments more efficiently and pay subcontractors faster.
Austin Commercial, one of the largest U.S. builders, needed a scalable solution to support their growth. The company sped subcontractor pay application processing and payment application submission to the owner by over 50% company.
DPR Construction is a $6 billion global organization ranked no. 10 on Engineering News Record’s 2019 Top 400 Contractors list. By integrating Oracle Textura Payment Management into their ERP system, DPR save 360 accounting hours per week on call sheets and pays subcontractors 7 days faster.
Mid-Sized General Contractor, Blach Construction, implemented Oracle Textura Payment Management to facilitate the company’s invoicing, lien waiver and subcontractor payments processes. Subcontractors receive payment an average of five to seven days faster than they did before.