This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Urban Oaks Builders LLC Selects Textura To Manage Construction Payment Management Process

CHICAGO, Nov. 25, 2013 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Urban Oaks Builders LLC, a general contractor formed in 2011 to manage multifamily construction for Hines, has selected Textura—CPM™ to enhance efficiency and improve cash flow in the construction payment management process.  

(Logo:  http://photos.prnewswire.com/prnh/20110602/CG12932LOGO)

"Textura—CPM offers a more efficient way to collect billings, track compliance and collect lien waivers," said Keith Borchardt, Controller of Urban Oaks Builders.  "Since it is an online solution, we can eliminate the need for paper and automate processes that we had been previously performing manually, which will lead to productivity gains and cost savings." 

Textura—CPM replaces the stacks of paper invoices and lien waivers with electronic documents that are easier to approve, track and store.  By automating processes, CPM™ reduces the time associated with payments and lien waiver collection from days to mere minutes, improving efficiency across an organization.  

"The cost savings and efficiencies of scale that Textura—CPM offers us will be important as we continue to grow," said Borchardt.  Urban Oaks Builders works across the United States with regional offices in Atlanta and Houston. 

"In a short time, Urban Oaks Builders has created a solid reputation in the multifamily sector," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation.  "We're very pleased that they have chosen our solutions to help improve efficiencies and lower costs in the construction management payment process." 

About Urban Oaks Builders

Urban Oaks Builders has nearly 1318 units in 5 projects in various stages of construction for Hines' Multifamily Division.  They are located in 4 cities across the United States, including Atlanta, Denver, Houston, and St. Petersburg, FL .  

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 and pre-qualification to bid management, submittals, 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   

Contact: Textura Corporation 866-839-8872 customerservice@texturacorp.com

SOURCE Textura Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs