Ryder Construction Optimizes Payment Process with Textura

CHICAGO, Dec. 10, 2013 /PRNewswire/ -- Textura^® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Ryder Construction Inc., a Construction Management, General Contracting and Consulting Services company based in New York, achieved considerable gains in efficiency and productivity after using Textura CPM - Enterprise for an owner and decided to adopt use of the solution for themselves.  

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"We first used Textura - CPM after a client requested that we use it on a project," said Bill Freeswick, CFO, Ryder Construction Incorporated. "We were immediately impressed with the benefits it gave us by automating processes that we had been performing manually. After that positive experience, we decided to use Textura - CPM on all of our projects." 

By electronically integrating all construction payment management process components into a single seamless workflow, Textura - CPM Enterprise helps companies such as Ryder Construction to automatically collect lien waivers, issue payments faster and expedite the generation of Owner invoices.  

"One of the biggest efficiency improvements we've experienced with Textura is the compatibility with our Timberline Accounting System," said Freeswick.  "The time savings from being able to download the subcontractor invoices from Textura into Timberline has been huge as it eliminates data entry of our subcontractor invoices."  Textura - CPM integrates with a variety of job cost, accounting, scheduling, plan room, imaging and document management systems.  The integration between systems reduces duplicate data entry, creating efficiencies and reducing the chance of errors. 

"Being able to integrate with a company's existing IT infrastructure and bring value is at the core of our collaboration solutions," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation.  "As Ryder continues to use our solutions, they will continue to achieve new levels of increased efficiency and productivity." 

About Ryder Construction Incorporated
For over 30 years, Ryder Construction Inc. has provided Construction Management, General Contracting and Consulting Services to the tri-state area.  Ryder's expertise, team of professionals and industry resources guarantee that our client's goals are exceeded on every project and that their project vision is brought to reality.  For more information please visit www.ryderconstruction.com. 

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 Ð from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED^¨ management and payment. 

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 

Contact:
Textura Corporation
866-839-8872
[email protected]

SOURCE Textura Corporation

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