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Oracle Textura Payment Management

Score9.6 out of 10

7 Reviews and Ratings

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What is Oracle Textura Payment Management?

A construction payment management application that helps general contractors, owners, and subcontractors simplify and automate the draw process. Reduces risk by securely managing lien waivers and compliance. Increases visibility to downstream payments to minimize the risk of disruption and ensure the entire supply chain is paid on time for work completed.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Oracle Textura Payment Management has to offer, as determined by TrustRadius' reviewers.
Based on 7 ratings of Oracle Textura Payment Management's features
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Top Performing Features

  • Invoice Control

    Allows users to create and send invoices to customers for payment.

    Category average: 10

  • Automatic Reminders

    Sends automated reminders to customers with overdue invoices to prompt payment.

    Category average: 10

  • Payment Reconciliation

    Streamlines the process of matching incoming payments with outstanding invoices.

    Category average: 10

Areas for Improvement

  • Dispute Resolution

    Provides tools for managing and resolving disputes with customers regarding invoices or payments.

    Category average: 10

  • Payment Tracking

    Enables users to track and record customer payments and apply them to the appropriate invoices

    Category average: 9

Reviews

What users are saying about Oracle Textura Payment Management.
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Oracle Textura Payment Management is the gold standard for Construction Payment Applications and Management

Incentivized
Matthew DiluzioView profile
CFO in Finance and Accounting at Silverwood Landscape Construction (501-1000 employees employees)

Use Cases and Deployment Scope

We use Oracle Textura Payment Management when our clients require it. It replaces the need to send invoices each month manually and consolidates the monthly draw process into a well-organized and easy solution.

Oracle Textura Payment Management is easy to learn, very intuitive, and allows us to submit invoices in a way that eliminates mistakes and confusion on both sides. Submitted draws are easy to track and payment notifications are emailed allowing us to know exactly when we will receive our funds.

Pros

  • AIA Billing
  • ACH Payments
  • SOV Management
  • Communications
  • User Management
  • Compliance Holds

Cons

  • Task Management needs a "Mark all as Read" or similar function. They pile up per job and are only able to be completed using certain links and processes.
  • Payment Notification emails should include payment details including amount(s), joint check info, and check numbers.
  • Projects should be able to be removed or archived by the subcontractor. We have jobs showing on our home page that are 3+ years since completion.
  • Retention billing is very confusing and should be communicated more clearly. There should also be a button that allows for all retention to be billed at once rather than having to type in the amount per line item.
  • Sub-Tiers should not be a menu to click through if there are no sub-tiers for a sub.

Return on Investment

  • Oracle Textura Payment Management has dramatically improved our AR process (when the GC uses it). We wish that every job used it so we wouldn't have to deal with the dozens of builder-specific invoicing processes each month. Before Oracle Textura Payment Management, each builder had specific process we had to follow in order to get paid. After GCs started to use it, we have been able to consolidate multiple clients and jobs into a single easy-to-learn and easy-to-teach process that allows us to submit invoices easily and track when we are going to get paid.

Usability

Alternatives Considered

Procore and GCPay