CHICAGO, April 16, 2014 /PRNewswire/ – Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Saunders Construction, one of the most respected commercial builders in the Rocky Mountain Region, selected Textura—CPM™ to improve the construction management process.
“Before Textura, our construction payment process was very time and paper consuming,” said Matt Peterson, Assistant Controller, Saunders. ”Textura streamlines the monthly close process by reducing time spent tracking subcontractor invoices, and eliminates the need to validate invoice math. In addition, the automation of data entry for subcontractor invoices into our ERP and Imaging systems has moved us a step closer to becoming paperless. We can now allocate our resources to more business-valuable tasks.”
Powered by a sophisticated but easy to use workflow engine, Textura—CPM places the construction management process online, eliminating the mounds of paper associated with construction projects and automating processes. With CPM™, documents are electronically signed and routed for reviews and approvals. Integrating with most accounting, project management and imaging systems, CPM ensures a seamless flow of data between systems.
“Compliance is maintained in our ERP system and was previously communicated to subcontractors via fax. This delayed the communication to subcontractors and slowed their submission of required compliance documents,” said Peterson. ”With Textura—CPM, we and our subcontractors have real time visibility into compliance status, which has sped up the entire payment process.”
Another advantage that Textura—CPM offers General Contractors such as Saunders is the client-orientated approach to implementation. “The team at Textura takes on the majority of the implementation work, which means we’ve been able to keep focused on our core duties,” said Peterson. A Textura—CPM implementation can happen in less than 100 hours, rather than hundreds of hours required by other solutions. Textura has the capability to be implemented at any point, even with projects already underway, without disrupting the project flow. Saunders was able to bring on all in-process projects and 300+ subcontracts to Textura—CPM in a matter of days.
“We’re very pleased a company with the reputation and stature of Saunders has started using our solutions,” said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. ”They join an expanding list of contractors that have experienced the advantages of automating processes and increasing collaboration.”
Saunders Construction, Inc. serves the commercial building industry as a full-service general contractor and construction manager. A leader in the Colorado construction industry since its inception in 1972, Saunders’ experience includes a wide range of project types. Saunders is one of the region’s largest general contractors and is the recipient of more than 100 industry awards for its construction excellence, employee achievements and community contributions. In addition, Saunders is a member of the Citadel Group – an alliance of nine regional construction-related companies with operations in 19 cities. For additional information, please visit
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.
Textura’s 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
SOURCE Textura Corporation