Company Overview

About Oracle Textura

Oracle Textura Details

Founded

2004

Funding

$11M

Team Size

130

What SIA Thinks

Oracle Textura is a straightforward software tool designed to manage the complex process of construction payment management. If you're in construction, you know that handling invoices, payments, and compliance documents can get chaotic. That's where Oracle Textura steps in to simplify things.

Imagine having all your financial documents in one place, easily accessible, and systematically organized. That's essentially what Oracle Textura does. It offers a cloud-based platform where general contractors, subcontractors, and suppliers can collaborate seamlessly. By moving everything online, it reduces the chaos and paperwork, making it easier to track payments, manage approvals, and ensure that everyone gets paid on time.

The software also helps with compliance. Construction projects often require multiple layers of legal and regulatory documentation. With Oracle Textura, you can keep all that in check and make sure nothing falls through the cracks. It even sends reminders when important documents are due, so you don’t miss any deadlines.

One big draw for many users is the reduction in manual processes. Instead of chasing people for signatures and cutting physical checks, you can manage everything digitally. This not only saves time but reduces errors and miscommunications. Plus, having a clear, transparent process helps build trust among all parties involved in the project.

In a nutshell, Oracle Textura takes the hassle out of construction payment management by streamlining the entire process. Whether you're a general contractor or a supplier, it offers a simple, effective way to keep your finances and compliance documents in order, making your job a little easier and your projects run a bit smoother.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • Time-saving features
  • Secure platform
  • Cost tracking
  • User-friendly
  • Comprehensive reports

Cons

  • Pricey support
  • High initial cost
  • Requires training
  • Limited flexibility
  • Complex setup

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