Oracle Textura Payment Management Cloud Service
Oracle Textura Payment Management Cloud Service enables you to increase efficiency and control in construction payment management. It streamlines and automates processes, mitigating risk, reducing cost, and improving cash flow.
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Create a standard platform for managing invoices and payments across projects, business units, and geographies.
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Track outstanding tasks to resolve delays in invoice processing and monitor project and employee performance.
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Streamline billing to expedite invoice approvals and payments, improve accuracy, and boost visibilities for all parties into their payment status.
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Easily collect and manage all lien waivers for every project and ensure that deficiencies are resolved before payments are made.
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Enhance visibility into the status of compliance materials and automate notifications and payment holds when issues arise.
- Overview
- Features and Benefits
Streamline Operations
- Enable collaboration to improve efficiency and visibility for all stakeholders
- Enforce the exchange of unconditional lien waivers for electronic payments
- Generate accurate and standardized documents to prevent errors and rework
- Automate notifications and payment holds for compliance deficiencies
- Reduce draw cycle time and accelerate payments to subcontractors
Austin Commercial
Oracle Textura Payment Management drives invoicing and payment efficiency for Austin Commercial, yielding time and cost savings, and enabling the financial analytics and reporting the general contractor needs.
Hear how Textura Payment Management provides real-time visibility into payment status and speeds subcontractor payments.
“We needed to drive automation into our operations. Textura is 100% mandatory for every job. We've found that our subs are happier because they get paid faster.”
“Since we are more efficient processing our payables, Textura allows our people to focus on value added tasks that the owner is seeking from us.”
Layton Construction
Layton Construction used Oracle Textura Payment Management to improve compliance and lien waiver processes and double business volume without adding staff.
Pankow
Oracle Textura Payment Management enabled Pankow to improve its lien waiver collection and significantly reduce its administrative costs.
Additional Resources
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Webcast: Skanska/Walsh Streamlines Subcontractor Payments on a Mega Project
The Skanska/Walsh joint venture is managing construction of the $4 billion LaGuardia redevelopment mega project, which involves a huge number of subcontractors and major material purchase orders, entailing more than $2.3 billion in contracts.
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Webcast: Partnering for Effective Construction Payment Management
In this webcast, you will discover how Oracle Textura Payment Management Cloud Service is helping project owners manage the complex invoicing and payment process. Learn how you can increase efficiency and control, streamline and automate processes, reduce financial and legal exposure, lower operational costs, and improve cash flow.
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Video: Optimize Construction Invoicing and Payment with Textura Payment Management
Oracle Textura Payment Management standardizes and automates the collection, routing, review, and approval of vendor pay applications & lien waivers. Discover how to streamline and automate processes, mitigate risk, reduce cost, and improve cashflow.
- Data sheet: Oracle Textura Payment Management Cloud Service (PDF)
Oracle Textura Payment Management Cloud Service is a cloud-based collaboration solution that transforms construction payment management processes to increase efficiency, mitigate risk, enhance visibility, and improve cash flow.
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Webcast series: What's New with Oracle Construction and Engineering
Join us for this webcast with Q&A to learn about enhancements in version 17.
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White paper: Modern Payment Management - Optimizing Processes to Drive Efficiency and Reduce Risk
Learn why traditional payment practices are holding back your business - and how to fix them.
- Data sheet: Oracle Textura Payment Management vs. GCPay Key Functionality (PDF)
- Data sheet: Increase Effectiveness of Construction Payment Management (PDF)
- Data sheet: Efficient Online Payment Management (PDF)
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Mashburn Construction Improves Payment Management
General contractor enhances risk controls and improves efficiency in payment processes.
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White Paper: Supply Chain Finance in Construction - Solving the Working Capital Challenge
Discover how general contractors are paying subcontractors significantly faster - and gaining competitive advantages.
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Brochure: Partnering for Effective Construction Payment Management (PDF)
Oracle Textura Payment Management brings payment process participants, documents, and data together in one shared online platform, speeding transactions and enabling true collaboration among the many stakeholders on construction projects.
- Data sheet: Oracle Textura Payment Management and Integration with ERP Systems (PDF)
- Data sheet: Robust Lien Waiver Management (PDF)
- Data sheet: Easy Online Invoicing and Payment (PDF)
- Newsletter: Construction and Engineering