Oracle Textura Payment Management

Oracle Textura Payment Management Cloud Service enables you to increase efficiency and control in construction payment management. It streamlines and automates processes, mitigating risk, reducing cost, and improving cash flow.

Languages supported: English

8/10 (Expert Score) ★★★★★
Product is rated as #262 in category Accounting Software
Ease of use
8.0
Support
7.9
Ease of Setup
0.0

Images

Check Software Images

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

Oracle Textura Payment Management
Oracle Textura Payment Management

Show more categories

Customer Reviews

Oracle Textura Payment Management Reviews

Consi P.

Advanced user of Oracle Textura Payment Management
★★★★★
Everything you could hope for and more in construction accounting

What do you like best?

I value the ability to be transparent with subcontractors and the instant communication when draws need to be revised. A time saver when reviewing and releasing payments with the click of a few buttons.

What do you dislike?

The only downside is dealing with subs that are not used to any kind of online billing system. This is easily solved by walking them through the process a few times - which Textura will do if the subs call them direct.

Recommendations to others considering the product:

I recommend setting up a job as a template for each of your coordinators/compliance managers. When these are set up and a compliance hold is coming up, the email the sub gets includes the name and email for the person they need to contact.

What problems are you solving with the product? What benefits have you realized?

The biggest issue we were having before Textura was scanning and indexing waivers. I love having all the paperwork related to the draw / job in one spot without having to scan or index it all. Using Textura is akin to having a full time person working on monthly draws, payment release and scanning.

Review source: G2.com

Leave a reply

Your total score

B2B Software Guide