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Applications, valuations and payments don’t have to be admin heavy. Oracle Textura Payment Management is a market-leading cloud service, designed to bring every element of the process together into one secure and stress-free platform. By streamlining and automating your payments, for contractors and subcontractors alike, the platform enables you to cut out repetitive manual tasks and focus on improving your business.
Oracle Textura users benefit from improved applications, payment scheduling, compliance management and disbursement. That means better control, efficiency and reduced risk for all project stakeholders.
Late subcontractor payments waste time, create legal disputes and lead to significant sums that are either lost or written off. How can an industry with already thin margins avoid these pitfalls? New report indicates why now is the time to digitise payments in the UK.
Oracle Textura gives you a 360° view of your digitised workflows, removing the chance for human error and ensuring compliance with regulations. It’s a modern, digital solution that offers construction organisations a painless end-to-end payments process, with full visibility and easy reporting for all relevant project stakeholders.
Whether it’s CIS deductions, VAT calculations or contracts and variations, you’ll be able to develop more efficient and effective processes across the organisation. Oracle Textura allows you to:
Oracle Textura is trusted by over 400,000 users worldwide, for 65,000 projects and over £6 billion of supplier invoices per month. The platform was built and tailored for the UK market and legislation, and has been tried and tested over 15 years to ensure it offers the best possible payments solution for construction businesses.
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.