Shoemaker Construction Company Selects Textura-CPM
Leading Construction Manager Based in Pennsylvania Eliminates Paper and Speeds up Payment Process.
CHICAGO, Oct. 16, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Shoemaker Construction Co., a Construction Management firm based in Pennsylvania that offers contracting and construction management services to a wide variety of markets, has selected Textura-CPM to revolutionize the way the company performs the payment process.
"We had been operating the invoice collection and processing function through a paper intensive workflow. We were looking for a provider who could bring us into the 21st Century by interfacing with our in-house financial tracking system and automating what was a very time-consuming and frustrating process," said Roger Ball, President, Shoemaker Construction Co. "Our accountants spent significant time chasing down information, for example, waivers of liens or various backup documents required for specific projects. The end result was a slow process of payment to our Subcontractors, which in turn, made them less eager to do business with us. Textura's CPM™ product has helped us solve that problem by providing online capabilities that our project managers and accountants can access and manage anywhere, anytime."
Shoemaker Construction Co. provides full service, highly diversified construction management services for a wide variety of markets including colleges and universities, hospitals/health care facilities, parking garages, offices, public schools, municipal facilities, theaters, stadiums, museums, prisons, industrial plants, retail centers and retirement communities.
CPM allows Shoemaker to reduce the amount of paperwork involved in the payment process and communicate in real-time. A web-based, Software-as-a-Service (SaaS), Textura-CPM electronically integrates all construction payment management processes, including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments into a seamless workflow.
"The CPM product was attractive to us because it automated our entire process and allowed our accountants to take on more projects simultaneously, almost doubling the number of projects they could handle," continued Ball. "We are more efficient, our Subcontractors are paid more quickly, and there are fewer headaches involved with tracking down the lien waivers required for each monthly invoice. The Subcontractors and second-tier suppliers all have access to the system, and from an owner perspective, all of our invoices follow the AIA template, leaving little room for interpretation on the owner, A/E side."
Ball concluded, "I also have access to the latest project invoicing status at anytime, anywhere and from any device because the system runs from a web-based program. If I'm in a meeting with an owner or Subcontractor, I can immediately pull up the current payment status and answer any questions related to invoicing without having to do further follow-up. It saves us time and money and improves our relationships."
"We're very pleased that Shoemaker Construction joins the more than 300 General Contractors who have chosen our Textura-CPM solution to optimize the way they perform the payment process," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We look forward to helping Shoemaker Construction achieve new levels of efficiency and productivity with our collaboration solutions."
About Shoemaker Construction Co.
Since 1944, Shoemaker has served the Philadelphia construction market providing full service, highly diversified construction management services for a wide variety of markets including colleges and universities, hospitals/health care facilities, parking garages, offices, public schools, municipal facilities, theaters, stadiums, museums, prisons, industrial plants, retail centers and retirement communities.
Our expertise in a wide variety of projects, large and small, provides our clients with the full resources of a construction company that is capable of delivering the most complex building projects to the highest standards demanded. Our business volume and performance have enabled us to achieve the most effective purchasing capability, obtain greater cooperation and faster response from subcontractors and suppliers, and create an attitude of trust and confidence among the building trades. For more information, please visit www.shoemakerco.com
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
847-457-6536
[email protected]
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SOURCE Textura Corporation
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