RTI enables seamless, automated exchange of key financial data, including subcontracts, change orders, invoices and payments
CHICAGO and TORONTO, Feb. 16, 2016 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, and CMiC, a leading provider of advanced enterprise software solutions for construction and capital project firms, announced that they have enhanced the integration of Textura-Construction Payment Management™ (CPM®) and CMiC Software with its Real Time Integration (RTI), a tool that enables seamless, real-time exchange of data between the two systems.
The Textura/CMiC RTI adapter fully automates data exchange, enhancing process efficiency, communication and collaboration across project teams and partners. The tool greatly improves user experience by eliminating the manual import/export of information between CMiC's enterprise resource planning system and Textura's payment management solution, including subcontracts, change orders, compliance status, invoices, payments and document images. RTI allows users to configure the timing and frequency of automated data transfers, and searchable audit functionality provides historical information.
A web-based, Software-as-a-Service (SaaS) offering, CPM electronically integrates all construction payment management processes — including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and electronic payments — into a seamless online workflow that facilitates collaboration across project participants.
CMiC Software is a totally integrated construction accounting and project management software solution that spans the entire construction project lifecycle, from concept to asset. The functionality encompassed by the CMiC solution spans the full spectrum of what is required to run successful construction projects. CMiC Software is the only complete, fully integrated construction software solution designed specifically for organizations that need to lower project costs, increase resource productivity and enhance operational efficiency.
"We are excited about the new era in our partnership with Textura. This alliance with Textura exemplifies our ability to operate dynamically and surpass industry standards, impacting future trends. By focusing on collaboration, integration, productivity and transparency, we are not just optimizing efficiency, we are driving the next generation of interoperability," said Oliver Ritchie, Vice President, Product Strategy at CMiC.
Mark Mariano, Integration Product Manager for Textura, said: "We're thrilled that we have been able to work together with CMiC to enhance the interface with their ERP solution, bringing greater efficiency to construction companies' critical financial activities. The RTI initiative underscores the strength of our partnership with CMiC and both organizations' commitment to delivering extraordinary benefits to clients."
CMiC is the leading provider of complete, integrated and advanced enterprise software solutions for construction and capital project firms. CMiC's powerful software solutions are designed to increase efficiency across the enterprise, streamline processes and maximize profitability by lowering costs, improving productivity and increasing interoperability. CMiC's integrated, web-based software solutions allow our clients to make business decisions with the highest level of confidence, in real time and from anywhere in the world. By giving users access to real time information from the field, CMiC enables project executives to make the quick and informed business decisions that keep projects on track and within budget.
Textura is a 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. With award-winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation.
Tyler Tersigni, CMiC Marketing
Emily Ries, Textura Marketing
Textura investor contact:
Annie Leschin, StreetSmart IR
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SOURCE Textura Corporation