|By PR Newswire||
|March 6, 2014 07:30 AM EST||
CHICAGO, March 6, 2014 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration and productivity tools for the construction industry, announced today that Denhall Construction Inc., a Canadian General Contractor offering Construction Management, Project Management and Design Build for the industrial, commercial and institutional (ICI) construction sectors, is using Textura—CPM™ to become more progressive, transparent and efficient. Textura—CPM is award-winning software that transforms the construction payment management process by eliminating inefficient, manual processes and integrating billing, prime and sub-tier lien waiver collection, statutory declaration collection, compliance management and payments into one continuous workflow.
"The three main drivers for us to use Textura—CPM were the ability to use the solution online, provide more transparency to our subcontractors and deliver electronic payments to subcontractors," said Roy Padovani, Owner, Denhall Construction Inc. "We were using completely manual processes for invoicing, which was incredibly inefficient. We spent too much time chasing paper trails to find necessary information, and we lacked centralized compliance management. CPM™ has revolutionized our entire construction payment management process."
Using a sophisticated but user-friendly workflow, Denhall Construction and other General Contractors can use Textura—CPM to initiate the monthly draw, review documents and simplify communication between all project stakeholders, ensuring that everyone has the necessary information to make business decisions.
Textura—CPM also improves the relationships that Denhall has with its subcontractor community. "We occasionally run across a subcontractor who is reluctant to use Textura, usually because they are not familiar with the system," said Padovani. "We then ask the subcontractor: 'How much does it cost you to drive around picking up cheques versus getting paid electronically?' 'What does it cost you to not see the status of your draw online?' 'What does it cost you in playing phone and email tag with a Project Manager to check on payment status?' When subcontractors consider those costs, using CPM just makes more sense."
Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation, said, "It's encouraging to see a growing contractor such as Denhall choose our collaboration solutions to enhance efficiency and increase transparency. These are goals that all construction companies should aspire to, and we look forward to seeing the levels of collaboration and success Denhall will achieve with our solutions."
About Denhall Construction
Denhall Construction Inc. is a Canadian General Contractor with diversity in Construction Management, Project Management and Design Build. They are renowned for their attention to detail, innovative solutions, high quality workmanship, and ability to build long term relationships with their clients and project teams. Denhall specializes in the commercial (ICI) Institutional, Commercial, Industrial construction. Denhall Construction Inc. has a vast depth of experience with their highly skilled staff to meet the client's needs of any project they do. From the head office to the job site, our dedicated team is committed to putting the client's needs first and delivering better-quality results in a safe working environment. For more information, please visit www.denhall.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.
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
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