Oracle Textura Payment Management

For a GC that wants to make things easier for both the themselves and all subs, this is absolutely the best solution out there. Some GCs still approve changes using purchase orders rather than change orders and allow invoicing to occur at any time during the month However, they should change their process to align with Oracle Textura Payment Management's draws. Without a draw process and confirmed invoice submission along with ACH payments, we have had invoices lost, payments lost, and time lost from having to track all of it. I can't think of a reason it would not be appropriate.

Incentivized

• AIA Billing
• ACH Payments
• SOV Management
• Communications
• User Management
• Compliance Holds

Incentivized

• Signatory workflow - Logging into the signatory and notary in the same process. There isn't as much separation as there could be.
• We could use a place to put in our job number. Running reports to ensure we billed everything in our system matches what's in Textura isn't easy because there are different job names.
• If our authorized signer inadvertently fails to execute the application and the GC closes the draw period, it appears as though the pay application was never submitted. From what I can see, there is no clear audit trail reflecting that it had been prepared or pending signature prior to the draw closing.

Incentivized

It has a great user interface that is regularly being updated and improved. The platform is intuitive and the product team regularly engages with an industry partnership team to make sure it is staying up to date with the way our users expect the tool to perform. They also have the backing of Oracle's robust user base and UI teams

Incentivized

Currently, we use Textura if our GC requires it. If we implement Textura for OUR subs, it will be b/c we are familiar with the product and see how it works for our GC's.

Incentivized

• We’ve reduced billing-related back-and-forth with GCs.
• Lien waiver compliance is more controlled and tracked.
• Cash flow is easier to predict because we receive payment notifications when they are initiated.

Incentivized