1250 Subcontractors across Georgia Use Textura-CPM to Optimize the Payment Process.
CHICAGO, Oct. 30, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that with 1250 Subcontractors using Textura—CPM, the innovative construction payment management solution is now the technology standard for Georgia. Textura-CPM is a web-based software solution that automates the entire construction payment management process, enabling Subcontractors to spend less time completing paperwork, receive payments quicker and stay on top of compliance and legal documents.
"It has truly been our pleasure to incorporate the Textura-CPM™ solution into our billings and accounts receivable procedures," said Yvaughn Lillie, Accounts Receivable Manager, Vankirk Electric. "We appreciate how billings can be submitted instantly with open lines of communication between our General Contractors and us." Vankirk Electric is a leader in the electrical contracting of multi-family construction projects.
By moving the payment process online, Textura-CPM saves Subcontractors valuable time by enabling them to enter invoices rapidly and to electronically submit lien waivers and compliance documents. With the General Contractor also using Textura-CPM, the risk of payment delays are reduced for the Subcontractor by giving them the power to track compliance documents in real-time and receive payments electronically.
The support that Textura offers has also been a factor for the adoption of Textura-CPM across the State of Georgia. A team of product and industry specialists are dedicated to each client to ensure that needs are met, particularly those unique to Georgia. "The customer service has been outstanding and far beyond any expectations we had," said Lillie. "The customer service representatives are very patient and knowledgeable and answer our questions in a timely manner."
"The adoption of our solutions in Georgia has been impressive and makes us proud," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "Subcontractors across that state have realized that our solutions automate paper-laden manual processes and make companies more efficient. In this economy, Subcontractors need every advantage they can get to stand above the competition. We look forward to helping more companies in Georgia become more efficient and productive."
About Vankirk Electric
Vankirk Electric is a premiere leader in the electrical contracting of multi-family construction projects. Our company of dedicated professionals has well over 100,000 units of multi-family construction experience across markets from Florida to California. See Portfolio link for projects recently completed. While having an expansive geographic reach, Vankirk Electric provides local execution of each project that adapts very specifically to the needs of the client and local jurisdictions. We offer financial soundness, great reliability, abundant manpower, and superior workmanship all at extremely competitive prices. Ultimately, you can be assured that Vankirk Electric will safely deliver your project on the terms and schedules that you provide.
We perform all electrical construction services across all multi-family product types – high density, garden style, student housing, high/mid-rise, etc. Rather than negotiate several subcontract agreements related to electrical, our services are truly all-encompassing and include all your low voltage, structured cabling, and communication needs. For more information, please visit www.vankirkelectric.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
emily.ries@texturacorp.com
847-457-6536
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SOURCE Textura Corporation
