Denver Public Works Wins APWA Award for Improvements Enabled by Textura-CPM
APWA Colorado Recognizes Benefits to Denver and its Construction Partners Resulting from Use of Textura's Payment Management Solution
CHICAGO, Oct. 14, 2014 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Denver Public Works has won a 2014 American Public Works Association (APWA) Colorado Award for the Department's implementation of the Textura-Construction Payment Management™ solution and resulting operational improvements.
Denver Public Works (DPW) completed implementation of Textura-CPM™ in 2013 to automate construction project invoicing and to speed up payments to contractors on DPW construction projects. DPW uses CPM to electronically collect and route invoices and lien waivers, improve compliance management and increase transparency of project activities.
A web-based, Software-as-a-Service (SaaS), Textura-CPM automates and streamlines payment management processes, including invoicing, lien waiver collection, compliance management, and disbursement. CPM replaces inefficient, paper-heavy manual processes with collaborative workflows that boost productivity and visibility for all users.
DPW, which now uses CPM to manage payments on most of the city's construction projects, has benefitted from significant efficiencies and other process improvements since implementation, said Terri Goodwin, Manager-Finance and Administration for DPW.
"Textura has helped us reach the goal of paying construction contractors quicker. With more efficient financial processes and improved compliance management, we have been able to cut the time it takes to pay city contractors in half," Goodwin said. She also noted that CPM has greatly increased stakeholder accountability around project activities.
These accomplishments contributed to DPW's recognition by the APWA Colorado Chapter, whose annual awards program recognizes extraordinary public works projects, programs and individuals in the state.
"The 2014 APWA Colorado Chapter award recognizes DPW's innovative vision to implement a technology system that makes its operations more efficient and gives contractors greater visibility," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We offer our congratulations on the award, and we are thrilled that Denver quickly realized such significant value from using CPM. This recognition further demonstrates that public agencies can benefit from CPM in the same ways as their private-sector counterparts," Allin said.
The APWA Colorado Chapter started in 1962 with the mission of providing training and support to public works officials throughout Colorado. The 2014 APWA Colorado Chapter Awards will be presented Tuesday, October 14, at the Inverness Hotel and Conference Centre in Englewood, Colorado.
About Denver Public Works
The Department of Public Works, through its employees, provides for the delivery of high quality, cost effective, efficient, safe services involving public infrastructure and facilities to enhance the quality of life in Denver. Denver Public Works improves the quality of life in Denver by managing and maintaining streets, alleys, drainage ways, sewers, bridges, traffic signals, street markings and signage, parking, trash and recycling collection, and public infrastructure.
www.Denvergov.org/publicworks
About Textura
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle - from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED® management and payment.
The Textura® collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation.
www.texturacorp.com
Contacts:
Lacey Faye Spang
Textura Corporation, Investor Relations
[email protected]
847-943-3547
Emily Ries
Textura Corporation, CPM Marketing
[email protected]
847-457-6536
Logo - http://photos.prnewswire.com/prnh/20110602/CG12932LOGO
SOURCE Textura Corporation
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article