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
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.
Annie Leschin, StreetSmart IR
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SOURCE Textura Corporation