Wespac Construction, a Textura-CPM Client Since 2005, Reaches 500 Project Milestone

CHICAGO, May 15, 2014 /CNW/ - Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Wespac Construction, a commercial General Contractor and Construction Manager based in Arizona, has used Textura—CPM™ on over 500 projects since 2005, ranging in size from a few thousand dollars to over $40 million in value.

"We couldn't imagine processing invoices without Textura—CPM," said Don Mann, CFO, Wespac Construction. "Our Owners can have very demanding project schedules that require us to work very quickly. With CPM™, project setup takes just 15 minutes, and the invoicing and payment processes are able to keep pace with the work and allow our project managers to move on to the next project."

A web-based, Software-as-a-Service (SaaS), Textura—CPM electronically integrates all of the construction payment management processes – including billing, progress claims, lien waiver collection, statutory declarations, sub-tier waivers, compliance management and payments – into one seamless workflow. By placing the process online, CPM allows General Contractors such as Wespac Construction to replace manual, paper-laden processes with more efficient and more collaborative automatic processes.

"Another advantage is the integration with our accounting software," said Mann. "The integration between the two systems saves a lot of time and significantly reduces data entry." Textura—CPM integrates with a variety of job cost, accounting, imaging and document management systems, creating significant efficiencies and eliminating data re-entry errors.

"500 projects on Textura—CPM is a major achievement and we congratulate Wespac Construction on reaching this milestone," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We look forward to celebrating with Wespac when they reach 1,000 projects!"

About Wespac Construction
Established in 1991, Wespac Construction Inc. is a commercial general contractor and construction management firm, offering a full range of preconstruction and construction services in a variety of market sectors. From small tenant improvement projects and service requests to large shell and master-planned communities, Wespac has the background and experience to make your project a reality. For more information please visit www.wespacconstruction.com

About Textura
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

Textura Corporation

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SOURCE: Textura Corporation

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