Oracle Textura Pre-Qualification Management Cloud Service
Oracle Textura Pre-Qualification Management Cloud Service automates the subcontractor pre-qualification process, enabling general contractors to efficiently and effectively manage risk in subcontractor pre-qualification programs.
Oracle Textura Pre-Qualification Management
Key Business Benefits:
- From uploading relevant project documents to finding the right subcontractor for your project, everything can be managed in one place
- General contractors: Reduce the time and effort it takes to qualify subcontractors so that you can get started on your project sooner
- Subcontractors: Differentiate from the competition and win more work from general contractors
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Learn About Oracle Textura Pre-Qualification Management
Oracle Textura Pre-Qualification Management Cloud Service streamlines the pre-qualification process, enabling general contractors to improve vendor selection, mitigate risk, and confidently select best-value bids.
- Streamline the management of reviews and approvals with an easy-to-use, permission-based dashboard
- Easily track the status of all your subcontractors and vendors
- Create configurable requirements by program or project, including on-system ratios and financial analytics
- Adopt a consistent workflow
- Centralize and secure data and enable on-demand access
- Automate manual tasks and paper-laden processes
- Receive an Oracle-supported subcontractor onboarding team
Oracle Textura Pre-Qualification Management Product Features
Streamlined Workflows and Automation
- Adopt a consistent workflow to improve efficiency and productivity in evaluating subcontractor data
- Route specific information to designated stakeholders using customized workflows
- Ensure participation of appropriate approval stakeholders with configurable workflows
Centralized Database
- Improve efficiency with automated tracking and collection of data to minimize errors and administrative waste
- Use permission-based roles and one-time data entry to improve subcontractor experience
- Protect privacy and ensure on-demand access for approved users
- Employ a historical and auditable qualification database
Expiration Management
- Facilitate ongoing pre-qualification with automatic expirations
- Collect and update information according to enacted risk mitigation plans
- Easily manage the renewal of information from your subcontractor
Online Collaboration in Shared Environment
- Adopt an enterprise risk management approach to select best-value bids
- Improve cross-departmental communication with respect to subcontractor status
Risk Mitigation
- Improve vendor selection by setting single and aggregate contract limits
- Enable enterprise-wide understanding of risk-mitigation initiatives with custom statuses
- Enhance project management with transparency of subcontractor risk-mitigation plans
- Reduce exposure to delay, damage, liens, and project derailment
Configurable Financial Module
- Use on-system standard financial ratios to automatically create a financial score
- Set single and aggregate contract limits with financial analysis
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