Oracle Textura Payment Management

By audience

Accounting & Finance

• Runs the monthly draw in one system: subcontractor pay applications, GC owner billing and ACH disbursement, without re-keying into the payment file.
• Reconciles invoices, payments and retention back to the ERP through the Textura ERP Integration API, so job cost stays current without manual import/export.
• Holds payment automatically when a lien waiver or compliance requirement lapses, removing the manual pre-payment compliance check.
• Pulls from 90+ predefined draw, audit and subcontractor reports for month-end close and external audit.

General Contracting

• Collects subcontractor pay applications against each subcontract's schedule of values and rolls them into the owner billing in one click.
• Enforces standardized G702/G703 forms and lien waiver templates so subcontractors cannot alter payment documents.
• Tracks conditional and unconditional lien waivers down through sub-tiers, evidencing the GC never pays ahead of waiver coverage.
• Offers Payment Accelerator early-payment programs to trade partners per project to protect subcontractor cash flow.

Owner/Developer

• Sees downstream payment status through the GC to sub-tier level, reducing the risk of a lien from an unpaid sub-subcontractor.
• Reviews and funds owner invoices and owner fundings in the same system the GC bills from.
• Runs portfolio dashboards across all projects, vendors, payments and task status.

Specialty Contracting

• Submits pay applications and e-signs invoices and lien waivers online instead of couriering paper.
• Sees invoice approval and payment status in real time, cutting payment-status calls to the general contractor.
• Receives ACH payment on approval, and can enroll in a GC's early-payment program for predictable cash flow.
• Uploads recurring compliance documents (insurance certificates, sworn statements) once and is notified before they expire.

Project Manager

• Reviews and approves subcontractor invoices in a configurable approval workflow with automated notification of exceptions.
• Verifies change-order payment applications against approved change orders before the amount can be billed.
• Sees which subcontractors are on payment hold and why, so compliance gaps clear before the draw closes.

By phase

Construction

• Progress billing runs every draw cycle: subcontractors bill against the schedule of values, the GC approves, funds disburse by ACH.
• Lien waivers and compliance documents are collected continuously as a condition of each payment.
• Change orders approved during construction flow into the payment application so billing tracks the current contract value.

Closeout & Operations

• Collects the final unconditional lien waivers and sworn statements needed to close a project out.
• Releases retention through the same workflow and exports the release back to the ERP.
• Preserves the full audit trail of signatures, documents and payments for post-project audit and dispute defence.