CHICAGO, Oct. 3, 2013 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that FA Peinado, a premier design build general contractor that specializes in industrial, manufacturing, distribution centers, medical, office, and datacenters, has selected Textura -- CPM to help the expanding company better gain efficiencies in billing processes and lien waiver collection.
"The driving force behind our selection of Textura -- CPM was the ability to use the solution online," said Frank A. "Teddy" Peinado, President of FA Peinado. "We've been going through an exciting growth period and having an online solution to manage the construction payment process means we can continue to expand without having to add staff resources."
A web-based solution, Textura -- CPM allows project stakeholders in the field with an Internet connection to access real-time information, enhancing collaboration between all project stakeholders. CPM also automates paper-laden inefficient processes, allowing staff to focus on more business valuable tasks rather than chasing paper work."One of the immediate advantages we have experienced is that our project managers can now perform approvals online and our accounting staff can manage compliance and payments electronically," said Peinado. "Textura -- CPM centralizes the billing process so we can manage the entire process better." Founded in 2004, FA Peinado has a team of more than 25 dedicated and passionate employees. "We're very pleased that a growing contractor such as FA Peinado has chosen our solutions to help increase productivity and enhance efficiency," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "As the company continues to expand, they will experience the benefits of using our solutions to automate processes and increase collaboration." About F.A. Peinado The Peinado team is a boutique-type service provider that fulfills the unique requirements of the Developer and Corporate Real Estate sectors. Our goal at FA Peinado is to provide specialized, client-centered services adding value to and expediting the delivery of each project, with exceptional quality and safety. For more information, please visit www.fapeinado.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 design and pre-qualification to bid management, submittals 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 SOURCE Textura Corporation