CHICAGO (Nov. 23, 2015) Textura Corporation (NYSE:TXTR) a leading provider of collaboration solutions for the construction industry, announced that Caliente Construction, an Arizona-based general contractor, is using Textura-CPM™ to improve its subcontractor payment processes.
"Our payment process historically involved numerous manual invoice collection and processing activities, resulting in our month-end closing taking too long to complete," said Lorraine Bergman, President and CEO, Caliente Construction. "With Textura-CPM, we can speed up invoicing and payment, while at the same time improving risk mitigation through the system's automated payment holds tied to subcontractor compliance issues."
Textura-CPM's integration with Viewpoint's software further improves efficiencies for Caliente by streamlining invoice collection and related activities, Bergman said. "The whole process is just much easier for us and our subcontractors with CPM."
A web-based Software-as-a-Service (SaaS), 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.
Tempe, Ariz.-based Caliente Construction is one of the largest woman-owned businesses in the state and ranks among Arizona's top 50 general contractors. The builder, which operates in nine states in the western U.S., maintains a broad portfolio of projects that include ground-up builds, data centers, infrastructure upgrades and facility renovations for public and private clients.
By providing automation and standardization of document generation, routing and approval, CPM allows general contractors such as Caliente Construction to process draws faster, enhance visibility across payment activities and mitigate risk.
"Companies such as Caliente Construction greatly benefit from the workflow improvements that our Construction Payment Management solution provides," said David Kelly, Executive Vice President of Client Services for Textura. "By streamlining and automating critical processes, CPM helps general contractors of all sizes become more efficient, productive and competitive."
About Caliente Construction
Caliente Construction is a family-owned, award-winning, commercial general contractor founded in 1991. Based in Tempe, Arizona, we offer a full range of renovation and new construction services to commercial, industrial, educational, healthcare, hospitality, energy and mission critical clients. Our goals are simple; every client gets our full attention and we take care of the details by providing exceptional quality, and personalized, cost-conscious, timely and innovative construction solutions. As a result of our client's confidence, over 90% of our work is repeat business generated from the relationships we have built with our customers, business and construction industry colleagues. For more information, please visit www.calienteconstruction.com
Textura is a leading provider of collaboration and productivity tools for the construction industry. Our solutions serve construction industry professionals across the project lifecycle – from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED management, performance 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
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