CHICAGO, Jan. 26, 2012 /PRNewswire/ -- In 2006 Textura was still a revolutionary new way of processing construction pay applications using a technology, cloud computing, which few knew about. Nevertheless, Textura found ready acceptance in Oregon among contractors who were open to new ideas and better ways of managing their businesses. Six years later those early adopters, T. Gerding, Meili and Chambers, reflect on their experience with Textura Construction Payment Management (CPM).
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"Since 2006, Chambers has managed their entire payment process with Textura," stated Deborah Creager, Chambers Construction's Controller. "Some of the best features provided by Textura include electronic invoicing, document tracking, automatic notices, ACH payments and allowing Architects and Owners to electronically review and approve invoices on-line. Textura has moved our payments up by 10 days, reduced costs, saved labor and sped up the change order process for us. The integration between our ERP system and Textura has resulted in much less data entry than before." She also added, "The Textura payment process has made it easier for us to support smaller Subcontractors and Oregon MWESBs by facilitating a simpler, on-line payment process that fits in with a smaller business' staff availability."
Sue Race, Meili Construction Controller added, "When initially asked 'why use Textura?' I responded 'why not?' Bringing the invoicing process online only made sense. The efficiencies in using Textura were evident by managing our invoices and payment process to our Subcontractors electronically. Textura helped drive the implementation of a work flow and simplified the communication between our accounting and project management teams."
Julie Haymart, T. Gerding Construction Treasurer said "Because of Subcontractor familiarity with CPM and Textura's commitment to training and support, the adoption and implementation process was easy. After our initial meetings with Textura we had projects up and running within weeks. What surprised us the most was that even a year into implementation of CPM, Textura still provided continued assistance for us, as well as our Subcontractors."
These contractors have seen dramatic improvements in CPM over the last six years, including the addition of compliance tracking, sub-tier waiver functionality, faster performance and enhanced reporting. Many of these improvements were their suggestions gathered during periodic feedback sessions.
Patrick Allin, Textura Chairman and CEO, commented, "We are proud of our longstanding, strong relationships with Meili, Chambers and T. Gerding. To establish such a strong market presence so early in our corporate life was important to our success. It also demonstrated the value proposition we offer both General Contractors and Subcontractors. Our wide scale adoption in Oregon was a key indicator of the efficiencies and risk mitigation that CPM provides – and the forward thinking nature of these market-leading General Contractors. By becoming the norm for construction invoicing in that region, the Subcontractor community has a consistent process for billing with their General Contractors."
"Having multiple General Contractors using CPM in a single market provides benefits for everyone," states Megan Chappo, Textura Client Services Manager. "Our General Contractors work with Subcontractors who are already familiar with CPM and gain the internal efficiencies CPM enables. Subcontractors have a consistent billing process for all their General Contractors. Textura strengthens its customer relationships."
Benefits to both General Contractors and Subcontractors are greater when Textura is adopted as the platform of choice in a geographic market. This is evident in by the widespread use of CPM in the Oregon market.
About Chambers
Chambers Construction, based in Eugene, OR and founded in 1955 is an integral part of history in the Pacific Northwest – from Eugene to Seattle – building commercial office spaces, industrial warehouses, communities, store fronts, apartments and more while remaining dedicated to green and sustainable building practices. Please visit www.chambersconstruction.com for more information.
About Meili
Meili Construction, based in Eugene, OR, has over 40 years of construction experience. Meili's family business is recognized as an innovative and reliable resource for construction projects statewide, building commercial and industrial spaces. Please visit www.meiliconstruction.com for more information.
About T. Gerding
T. Gerding Construction has been building commercial, industrial and institutional projects in the Pacific Northwest since 1969. As a licensed contractor in Oregon and Washington, T. Gerding delivers excellence in construction as general contractor, design-builder or CM/GC. Please visit www.gerdingcompanies.com for more information.
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 design and pre-qualification to bid management, submittals and payment – on a single, integrated platform.
Textura's 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
SOURCE Textura Corporation
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