We wanted to depart from our usual musings on construction payments to extend congratulations to Greensill Capital for being named a Provider to Watch by Spend Matters. The publication named Greensill – which is Textura’s financial services partner in the Early Payment Program™ (EPP™) – to its annual list that highlights 50 innovative providers in the procurement and supply chain finance sectors.
Describing Greensill as one of the “principals of the supply chain finance boom,” Spend Matters analyst Jason Busch points to the expert-level knowledge and tech-forward approach Greensill offers across a range of trade finance products. Busch writes that “Greensill stands alone in the world of trade financing today for different reasons than most. It’s a collection of personalities and experts that approach payables and receivables financing solutions from all angles.”
Textura and Greensill in 2015 launched the innovative EPP to revolutionize subcontractor payment by delivering supply chain finance to the construction industry. EPP, which enables general contractors to accelerate payments to subcontractors using third-party funding, is the first broadly available supply chain finance program that lets general contractors offer early payments to all of their subcontractors.
Congratulations again to Greensill, and we look forward to continuing our work with them to transform construction payments to the benefit of all project participants.
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