Oracle Textura Payment Management increases efficiency and control in construction payment management through a collaborative subcontractor invoicing and payment software system. The cloud solution streamlines and automates processes to accelerate payment, mitigate risk, and improve cash flow. Contractors can rely on the exchange of e-signed lien waivers and electronic payments.
Key Business Benefits:
– Increased efficiency: Eliminate paper and gridlock by standardizing processes and providing a single source of truth to the supply chain.
– Control and risk mitigation: Enforce requirements and automate payment holds for compliance issues.
– Insights and visibility: Analyze and easily report on payments and compliance data to improve project performance.
Features include:
– Streamlined Workflows and Automation
– Online Collaboration in a Shared Environment
– Lien Waivers and Compliance Documents
– ERP/Accounting System Integration
– Electronic Payment
– Insights and Visibility
– Dedicated Client Services
