Textura Payment Management

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Textura Payment Management

2023-05-11 19:05| 来源: 网络整理| 查看: 265

Owners and general contractors know that a high-performing and loyal delivery supply chain that works hard to deliver profitable projects on time deserves to be paid on time. Streamlining the billing and payment process—while ensuring effective compliance management—is what cloud-based Oracle Textura Payment Management does better than anyone.

Payment management and more

Construction projects are a team sport. Communication, collaboration, and trust are critical at every stage, including the invoicing and payment process. Too often stakeholders lack the visibility they need, are mired in endless paperwork, and open themselves and their business to unnecessary risk. Oracle Textura Payment Management is a payment management platform that increases visibility, automation, standardization, and collaboration to new levels.

It streamlines and automates the construction finance processes for billing, payment, and compliance management—including lien waiver management—with integrations with enterprise resource planning (ERP) applications, analytics and reporting, and unrivaled client services. The solution provides visibility into payments to the supply chain to head off project disruptions, delivers efficiencies to the invoice and payment processes that go straight to the bottom line, and supports compliance management to minimize risk. With everyone paid accurately and on time, project owners, general contractors, and their subcontractors can focus on high-quality project delivery.

 

Oracle Textura Payment Management: a comprehensive billing, payment, lien waiver, and compliance management solution

Chat live now Request a live demo Online collaboration in a shared environment View the status of payment and compliance tasks, documents, and information. Preserve audit trails—capturing all user actions, electronic signatures, and payment documents. Eliminate risk of period-to-period calculation errors. Figure 1: Payment summary Construction projects are a team sport. Learn how to start your winning season today with the Payment Management Playbook.

 

Lien waivers and compliance documentation Facilitate the secure digital exchange of lien waivers for automated clearing house (ACH) payments. Automate payment holds and notifications for lien waiver or compliance deficiencies. Prevent unapproved or noncompliant payment activity. Figure 2: Lien waiver status

 

ERP/accounting system integration

Automate the transfer of financial data between the Oracle Textura Payment Management system and popular accounting systems to improve efficiency and transparency.

 

Electronic payment Expedite payments using ACH while reducing costs and administrative burden. Reduce payment status inquiries with system visibility and automated notifications. Figure 3: Authorize payment

 

Enable accelerated payment programs

Operate accelerated payment programs with Oracle Textura Payment Accelerator, a simple and convenient extension of your existing workflows and ERP integrations.

Use your preferred funding source, either internal or external. Control how you fund, configure, and set up programs. Use familiar in-app workflows to offer your programs to your trade partners. Trade partners manage their own enrollment to suit their cash flow needs. Figure 4: TPA and ACH disbursement

 

Insight and visibility Gain a portfoliowide view into payment and task status. Leverage dashboards to view and manage key metrics. Guard against unauthorized or fraudulent change orders and payment activity. Proactively monitor subcontractor and supply health to prevent negative project impacts. Improve visibility into materials and labor risk. Figure 5: Dashboards and reports


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