What is Textura payment management system?

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.

How much are Textura fees?

According to subcontractor documents from RD Olson, a general contractor based in California, Textura charges subcontractors 0.22% (22 basis points) of contract value, with a maximum fee of $3,750. Sub-subcontractors and suppliers also charged a fixed fee of $100 per sub or supplier contract.

What is Oracle Textura?

Oracle Textura Payment Management is a market-leading cloud service, designed to bring every element of the process together into one secure and stress-free platform. Oracle Textura users benefit from improved applications, payment scheduling, compliance management and disbursement.

How is Oracle textura used in construction management?

By integrating Oracle Textura Payment Management into their ERP system, DPR save 360 accounting hours per week on call sheets and pays subcontractors 7 days faster. Mid-Sized General Contractor, Blach Construction, implemented Oracle Textura Payment Management to facilitate the company’s invoicing, lien waiver and subcontractor payments processes.

When did Textura Corporation become a public company?

A majority of Textura’s revenue comes from customers using its invoicing, document-tracking, and environmental certification products and monthly subscription fees (collectively “activity-driven revenue”). Formed in 2004, the company went public in 2013 and was acquired by Oracle in 2016. External Website.

How to set up an oracle textura account?

All new users created by the Enterprise Administrator receive an email message inviting them to set up an account in Oracle Textura. They will be asked to create Login information such as a Username and Password, E-Sign PIN and to verify and/or provide]

Who is the support team for Oracle textura?

If you have any queries regarding security, please contact the Oracle Textura support team on 0845 839 8872. 4 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.| 0845 839 8872 | [email protected]