CHICAGO, Aug. 26, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that the Denver office of W.E. O'Neil Construction Company of Colorado, a General Contractor that also provides construction management and design-build to a wide range of markets, has joined the ever expanding list of companies based in Colorado that have selected Textura-CPM™ to optimize the payment management process. More than 3,000 subcontractors and 35 General Contractors are using Textura-CPM in Colorado.
"Before we started using Textura-CPM, we were performing most of the payment management processes manually," said Todd Guthrie, President, W.E. O'Neil Construction Company of Colorado. "As the economy is starting to grow again, we needed to become more efficient, and Textura has helped us achieve that by automating processes and reducing the reliance on paper."
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. CPM™ helps contractors such as W.E. O'Neil Construction Company of Colorado focus less on chasing paper work and more on completing projects.
"We've improved our compliance management with Textura-CPM, as well as lien waiver tracking," said Guthrie. "We've centralized payment processes, which overall has made us more efficient." Founded in 1925, W.E. O'Neil Construction Company is based in Chicago, with offices in Arizona, California and Colorado. All of the other offices are currently using Textura-CPM.
"We're very pleased that W.E. O'Neil Construction of Colorado has started using Textura-CPM to improve processes," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "The addition of W.E. O'Neil Construction is further proof that Textura-CPM is the payment management solution of choice for Colorado."
About W.E. O'Neil Construction Company
Established in 1925, W.E. O'Neil Construction Company has flourished into an award winning and nationally ranked industry leader. Our foundation is rooted in our people and our commitment to quality, integrity and responsiveness to our clients' needs. Through four generations of O'Neil family leadership and over 80 years of experience, the O'Neil name has been synonymous with quality professional construction services. With over 80% of our work coming from repeat clients, we place great value on the relationships our people develop with our clients. We recognize that communication is the cornerstone of these relationships; so, we listen and become partners in our clients' building successes. The W.E. O'Neil Construction Company family of companies is structured to benefit our clients with the stability of a strong bonding capacity and financial security and localized regional expertise. Our parent company, O'Neil Industries, is headquartered in Chicago with operating units in Chicago, Tucson, Phoenix, Los Angeles, Ontario, and Denver. For more information, please visit www.weoneil.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 — 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
lacey.spang@texturacorp.com
847-943-3547
Emily Ries
Textura Corporation, CPM Marketing
847-457-6536
emily.ries@texturacorp.com
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SOURCE Textura Corporation
