CHICAGO, Jan. 6, 2015 /CNW/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Gilbane Building Company plans to roll out Textura-Construction Payment Management™ (CPM™) internationally for construction projects led by its Gilbane Federal unit.
Gilbane, which is the 14th largest General Contractor in the United States according to Engineering News-Record, operates in more than 50 offices around the world. A Textura client since 2009, Gilbane currently uses the CPM solution to enhance payment management processes on projects across the United States as well as in Europe and Mexico.
"In addition to greatly improving invoicing and payment processes across our domestic projects, Textura-CPM has given us much greater visibility and international coordination for our projects in Ireland and Mexico. Given the significant benefits we've seen on those projects, we've decided to bring the Gilbane Federal international projects onto CPM as well," said John Yena, VP-Operations Controller for Gilbane. "With CPM, we've been able to seamlessly handle the accounting on international projects from our U.S. offices, and we fully expect the productivity and global visibility benefits we get from CPM to scale across this international portfolio," he said.
Gilbane Federal, whose international building specialties include airfield, medical, border fort, school, police academy, fire station, fuel facility and other military construction, has completed projects in Afghanistan, Germany, Portugal, Guam, Iraq, Japan, Turkey and Korea, among other countries.
A web-based, Software-as-a-Service (SaaS), Textura-CPM automates and streamlines payment management processes, including invoicing, lien waiver collection, compliance management. In addition, CPM facilitates electronic disbursement of payment, including in local currencies. CPM replaces inefficient, paper-heavy manual processes with collaborative workflows that boost productivity and visibility and reduce risk for all users.
"We're thrilled that Gilbane is expanding its use of CPM to more international projects," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We have a global vision at Textura and have already launched operations in Europe and Australasia. Gilbane's experience with CPM in Europe and Mexico underscores the benefits we can provide to clients operating in international markets, and we look forward to helping Gilbane as they also grow around the world."
Gilbane Inc., based in Providence, Rhode Island, is one of the largest privately held family-owned real estate development and construction firms in the industry. Proudly family-owned and operated since 1873, our rich history combines with our extensive knowledge of today's ever-changing demands, allowing us to deliver the best facility solutions for our clients.
We are steadfast advocates for our clients, our employees, and the communities and countries in which we work. Through community involvement, sustainable business practices, and unwavering integrity, we are always striving to be better and to do better. We're honored that Gilbane is a three-time member of the FORTUNE100 Best Companies to Work For list for 2009, 2010, and 2011.
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
Textura Corporation, CPM Marketing
SOURCE Textura Corporation