CHICAGO, June 7, 2016 /PRNewswire/ -- Textura
Corporation (NYSE: TXTR), a leading provider of collaboration
solutions for the construction industry, announced that leading
general contractor Rogers-O'Brien Construction is using Textura's
Construction Payment Management™ (CPM®) solution to
improve its invoicing and payment processes.
Based in Dallas and with
offices in Houston and
Austin, Texas, Rogers-O'Brien
Construction provides a wide range of preconstruction and
construction management services. The company ranks No. 229 on
Engineering News-Record's 2016 ENR 400 list of the largest general
contractors, based on 2015 revenue of $307
million. Rogers-O'Brien has
ranked among the top 400 contractors for more than 15
years.
A web-based Software-as-a-Service (SaaS) solution, Textura-CPM
integrates key construction payment management processes -
including billing, lien waiver collection, progress claims,
statutory declarations, sub-tier waivers, compliance management and
payments - into a seamless, online workflow that facilitates
collaboration across project participants. By automating and
standardizing document generation, routing and approval, CPM
improves accuracy, enhances transparency and helps mitigate
risk.
In addition, the integration of CPM and Rogers-O'Brien
Construction's ERP solution provides for a seamless exchange of
financial data between those systems. Using CPM has also enabled
the company to replace paper checks with direct ACH payments.
"Using CPM has significantly expedited the draw process and
brought new levels of efficiency to our payment management
activities. Textura's system helps ensure that documents such as
invoices and lien waivers are correct and consistent across our
subcontractor community, limiting the risk of input error," said
Mike Orr, Chief Financial Officer at
Rogers-O'Brien Construction.
"Feedback from subcontractors about CPM has been very positive,
as the changes help ensure their payments don't get held up by
errors or delivery delays," he added, noting that the general
contractor is implementing CPM across its operations.
"We are pleased that both Rogers-O'Brien Construction and its
subcontractor community are seeing benefits from the process
improvements CPM brings. More efficient and effective processes can
deliver many positive outcomes, not least of which is stronger
relationships between project partners," said Mike Antis, Executive Vice President of Client
Services for Textura.
About Rogers-O'Brien Construction
Founded in 1969, Rogers-O'Brien Construction has been committed
to making our clients successful for more than four decades. Firmly
established as a leading general contractor in Texas by providing a wide range of
preconstruction and construction management services, our culture
is based on providing solutions to the construction aspect of your
project in a team-centered environment built on honesty, trust and
competence. For every project, we listen to our clients' needs so
that we can fully understand and support their business goals. By
flexibly managing a myriad of complex construction details, we
support each client's objectives. Headquartered in Dallas, Texas, with offices in Houston, Texas and Austin, Texas, Rogers-O'Brien's construction experience spans
diverse industries, including the Educational, Healthcare,
Hospitality, Industrial, Institutional, Office and Retail
markets. www.rogers-obrien.com
About Textura
Textura is a 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. With award-winning technology, world-class customer
support and consistent growth, Textura is leading the construction
industry's technology transformation.
www.texturacorp.com
Contact:
Emily Ries
847-457-1788
emily.ries@texturacorp.com
Investor contact:
Annie
Leschin, StreetSmart IR
415-775-1788
ir@texturacorp.com
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SOURCE Textura Corporation
