Digital Realty Selects Textura-CPM
Global Experts in Data Center Design and Operations Enhances Construction Payment Management Process.
CHICAGO, Jan. 28, 2014 /CNW/ - Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Digital Realty (NYSE: DLR), a leading global provider of data center solutions, is using Textura CPM—Enterprise™ to lower risk, improve efficiency and automate processes for its data center construction payment process across the United States.
"We have been impressed with the ability to configure and use Textura CPM—Enterprise to support our specific processes," said Anthony Caracino, Vice President of Construction for Digital Realty. "We have used Textura to process pay applications to pay contractors on-time while also reducing risk though the automated collection of lien waivers from our subcontractors. We have also standardized processes across our project portfolio and have found efficiencies by automating manual processes."
With Textura CPM—Enterprise, enterprises such as Digital Realty can gain better control over their payment process. CPM—Enterprise consolidates and streamlines project finance management, financial reporting, and account reconciliation, eliminating inefficient manual processes and reducing paper by placing these functions online. With a real-time view into contractor invoicing and approvals, businesses can achieve a better understanding of how the project is performing and use real-time, accurate information to make better business decisions.
"At Textura, we are very pleased by the levels of success that Digital Realty has achieved using our solution," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "They have built a reputation by providing their clients with a high-level of customer service and we are excited to partner with a world-wide leader."
"Engaging with a technical innovator such as Textura supports the foundation on which our business was built, namely market-driven solutions and client partnership," said Caracino. With 130 properties in 33 markets around the world, Digital Realty provides secure, reliable and cost-effective data center facilities that meet each client's unique data center needs.
About Digital Realty Trust, Inc.
Digital Realty focuses on delivering customer-driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, health care and consumer products. Digital Realty's 130 properties, including 12 properties held as investments in unconsolidated joint ventures, comprise approximately 24.0 million square feet as of September 30, 2013, including 2.8 million square feet of space held for development. Digital Realty's portfolio is located in 33 markets throughout North America, Europe, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.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
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