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SOURCE Textura Corporation
Collaborative Solution Helps Subcontractors in New York, New Jersey and Connecticut Improve Efficiency and Enhance Productivity.
CHICAGO, July 17, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that with the increasing adoption of Textura-CPM™ by Subcontractors in New York, New Jersey and Connecticut, the construction payment management software has become the solution of choice for Subcontractors in the Tri-State Area.
"Textura-CPM has helped us automate manual processes and reduce the amount of paper we use," said Marc Schild, Billing Administrator, LIF Industries Inc. "It has also helped us standardize the payment process across the company, which has increased the communication we have with our contractors." Based in Port Washington, NY, LIF Industries Inc. is one of the largest manufacturers and stocking distributors of hollow metal doors and frames, wood doors, architectural finish hardware and also offers install and repair services. LIF Industries uses Textura-CPM on 25 contracts with 11 different General Contractors.
"Textura-CPM has helped us stand out from our competitors," said Mike Weber, President, Island Acoustics, LLC. "We are able to focus less on completing paperwork and more on our core business. We can stay on top of compliance and legal documents better using CPM." Island Acoustics serves the Tri-State area by providing acoustical ceiling, drywall and carpentry services. Island Acoustics uses Textura-CPM on 17 contracts with 4 different General Contractors.
A web-based solution, Textura-CPM automates the entire construction payment management process, enabling Subcontractors to spend less time completing paperwork and more time on more valuable business tasks. Subcontractors save time with rapid online entry of invoices, submission of lien waivers and compliance documents, and the solution also reduces the risk of payment delay with real-time tracking of compliance status and direct electronic payments.
"Since we started using Textura-CPM, we are getting paid quicker," said Frank Juranich, CFO, Port Morris Tile. "When we do a project with a General Contractor that is also using CPM, there's a lot less time spent waiting for invoice approvals and a lot less questioning of payment amounts. Textura has created better communication with our contractors as well as a better relationship." Located in Bronx, NY, Port Morris Tile is recognized as the leader in restoration and installation of marble and stone in the Tri-State area. Port Morris Tile uses Textura-CPM on 15 contracts across 5 different General Contractor clients.
"We've even saved some money since we started using Textura," said Tom Garcia, CFO, Safway Atlantic. "Not only do we spend less time filling out paperwork and are getting paid faster, we've also reduced costs by eliminating courier and document storage fees. The information is stored on-line so it's easier to access than having to search through boxes of invoices and documents." Safway Atlantic, which specializes in urban access systems, uses Textura-CPM on 8 contracts across 5 different General Contractor clients.
"With 45,000 Subcontractor organizations using Textura-CPM, it has become the industry standard for payment management," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We're very pleased that Subcontractors across a region as dynamic and economically important as the Tri-State area are using our solutions. We look forward to helping more Subcontractors in the Tri-State area use our solutions to enhance productivity and increase efficiency."
About LIF Industries, Inc.
Since our inception, Long Island Fireproof Door has prided itself on delivering the highest level of service, quality, and best value to our customers. This philosophy has helped us grow into an industry leader, distributing a wide range of commercial door and hardware products throughout the United States. For more information, please visit www.lifd.com
About Island Acoustics, LLC
Island Acoustics serves the Tri-State community by providing acoustical ceilings, drywall and carpentry services. Since our incorporation in 1969, Island has grown and evolved into a provider of a broad range of services including drywall, acoustics, specialty ceilings, exterior panel systems and more. Our Portfolio includes hospitals, museums, retail, schools, restaurants, residential and office buildings. For more information, please visit www.island-acoustics.com
About Port Morris Tile
Port Morris' systems, people and facilities represent the region's leading resource for the fabrication and installation of marble in addition to the installation of ceramic tile, exterior stone and terrazzo. We are also quite proud to be recognized as the leaders in the restoration and maintenance of marble and stone. For more information, please visit www.portmorristile.com
About Safway Atlantic
Safway Atlantic was created by bringing together the experience and expertise of two trusted names in the industry: Atlantic Hoisting & Scaffolding and Safway Services. By combining Atlantic Hoisting & Scaffolding's reputation for designing innovative high-performance solutions, with Safway Service's award-winning safety, extensive engineering staff and powerful project management system, Safway Atlantic can deliver the most comprehensive urban access solutions available in the New York, New Jersey and Chicago metropolitan markets. Whether your access challenge is large or small, complex or straightforward, we look forward to providing a world-class solution to efficiently and safely meet your access, hoist or scaffolding needs For more information, please visit www.safwayatlantic.com
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
Lacey Faye Spang
Textura Corporation, Investor Relations
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