Product tour—Construction payment management

Oracle Textura Payment Management

In this product tour, learn how Oracle Textura simplifies construction payment processes with

• Streamlined workflows and automation
• Compliance and lien waiver management
• Payments
• Collaboration tools
• Reporting and analytics
• Accounting system integration
• Dedicated client services

Standardized and secure payment management workflows: invoicing

Automatically generate accurate invoice documents—such as G702 or G703 forms—that are linked to each contract’s schedule of values.

Each document is signed electronically using an integration with DocuSign, which is provided at no additional cost.

Standardized and secure payment management workflows: compliance

Collect electronically signed invoices, lien waivers, sworn statements, and unconditional lien waivers.

Configure additional compliance documents and compliance requirements to ensure all project requirements are met. You and the extended project team can centrally track everything from one place.

Standardized and secure payment management workflows: approvals

Accelerate invoice review and the generation of payment applications with highly configurable and secure approval workflows and automated notifications. Oracle Textura provides everyone with visibility and insight into the status of tasks and activities related to payment workflows.

Standardized and secure payment management workflows: owner billing

Quickly roll up subcontractor invoices into the general contractor’s owner billing, eliminating dual data entry.

Generate or print all the owner billing documents with the "print draw documents" functionality, making a tedious task easy to accomplish in seconds.

What customers are saying about payment management workflows

Digital Realty has built a large global platform with multitenant data center capacity. To maintain pace with their rapid expansion, Digital Realty manages multiple construction projects around the world. The entire construction supply chain works together to build their vision.

Effective compliance and lien waiver management: tracking

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, or rules-based compliance.

Effective compliance and lien waiver management: supplier tracking

Set up supplier tracking programs at the enterprise level to support diversity initiatives or at the individual project level to track per-project attainment.

You can also create categories and classifications to automate compliance reporting.

Effective compliance and lien waiver management: notifications

Check the compliance status of each requirement and automatically send relevant notifications. All parties get visibility into lien waiver and compliance status and any related payment holds resulting from noncompliance so issues can be quickly addressed.

Effective compliance and lien waiver management: enforcement

Enforce the use of standardized forms, including lien waivers and invoices. Prevent unauthorized or fraudulent payment activity from occurring.

What customers are saying about compliance and lien waiver management

Alston Construction provides general contracting, construction management, and design-build services for an array of industries and projects. In the last decade, they’ve grown from roughly US$200 million in revenue to more than US$2 billion today, and Textura has been supporting their growth through the years.

Timely electronic payment: lien waiver exchanged for payment

Set up the secure digital exchange of current, unconditional, and e-signed lien waivers for payments made through the automated clearing house (ACH) network.

Timely electronic payments

Stop cutting and delivering paper checks. Simplify and expedite payments using ACH payments. You also have the ability to pay sub-tiers directly if required.

Timely electronic payments: disbursement tracking and notifications

Track invoicing and disbursements and notify all stakeholders at every stage in the process. Automated deposit notifications help reduce in-house and subcontractor payment status inquiries.

Timely electronic payments: payment holds

Automate payment holds for lien waiver or compliance deficiencies. Ensure the general contractor never pays a subcontractor unless all the required documents are accounted for.

Timely electronic payments: payment acceleration

Help subcontractors overcome working capital challenges by offering early payment programs integrated with your payment workflows.

Oracle Textura Payment Accelerator is an optional feature that enables a general contractor to create and run accelerated payment programs that they can offer to their subcontractors.

What customers are saying about timely electronic payments

Wood Partners is one of the largest multifamily real estate developers in the US. As an owner-developer, they deal with several hundred subcontractor invoices each month as well as all the related contracts, compliance documents, compliance requirements, lien waiver collection, and payments.

Collaboration in a shared environment

Work efficiently with all stakeholders (owners, general contractors, and subcontractors) in a shared environment.

Easily communicate about missing or out-of-date documentation, errors, compliance requirements, payment holds, or payment statuses.

Collaboration in a shared environment: status reports

View the real-time status of all lien waivers and invoices. Whether you are an owner, general contractor, or subcontractor, you will see the right data for your role. This ensures project teams and subcontractors have full visibility into compliance status to proactively address issues.

Collaboration in a shared environment: auditing and security

Use the logs for version control of payment materials in a shared cloud workspace. All user actions, electronic signatures, and payment documents are preserved for auditing purposes.

Hosted on Oracle Cloud Infrastructure, you have secure access, SSL encryption, two-factor authentication, single sign-on, and so on.

What customers are saying about collaboration

Commodore Builders, a midsize general contractor based in the Boston, Massachusetts, area, fiercely focuses on their clients’ needs. From the smallest fit-out to the most challenging out-of-the-ground construction project, this award-winning builder can do it all.

Comprehensive reporting and analytics: reporting

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.

Comprehensive reporting and analytics: analytics

Analyze projects, subcontractors, draw budgets, invoices, payments, and subcontractor status. Track performance with dashboards and analytics to easily see and communicate key project and portfolio metrics. Data services allow you to access data with your own analytics applications.

What customers are saying about reporting and analytics

As a national and international design-build, general contracting, and construction management firm, Evans General Contractors provides cost-effective solutions and comprehensive project development to clients across a broad spectrum of markets. They implemented Oracle Textura Payment Management in 2015.

Integration, implementation, training, and client services

Textura is committed to providing an exceptional customer experience through tailored, relevant services for the entire duration of the customer journey.

What customers are saying about client services

Newly launched, Four Peaks Building Group is on a rocket-like trajectory as a respected commercial general contractor in Phoenix, Arizona. With a combined 78 years of deep industry experience among the founders, they understand that building a winning construction company takes more than hammers and nails.

Oracle Textura Payment Management

Boost efficiency in construction payment management with streamlined and accurate billing, timely payments, and effective compliance controls. Prevent errors and delays with process automation and gain visibility into downstream payments to lessen the risk of disruption.

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