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Digital Realty Selects Textura-CPM

Stocks in this article: DLRTXTR

CHICAGO, Jan. 28, 2014 /PRNewswire/ --  Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Digital Realty (NYSE: DLR), a leading global provider of data center solutions, is using Textura CPM—Enterprise™ to lower risk, improve efficiency and automate processes for its data center construction payment process across the United States. 

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

"We have been impressed with the ability to configure and use Textura CPM—Enterprise to support our specific processes," said Anthony Caracino, Vice President of Construction for Digital Realty.  "We have used Textura to process pay applications to pay contractors on-time while also reducing risk though the automated collection of lien waivers from our subcontractors.  We have also standardized processes across our project portfolio and have found efficiencies by automating manual processes." 

With Textura CPM—Enterprise, enterprises such as Digital Realty can gain better control over their payment process.  CPM—Enterprise consolidates and streamlines project finance management, financial reporting, and account reconciliation, eliminating inefficient manual processes and reducing paper by placing these functions online.  With a real-time view into contractor invoicing and approvals, businesses can achieve a better understanding of how the project is performing and use real-time, accurate information to make better business decisions.  

"At Textura, we are very pleased by the levels of success that Digital Realty has achieved using our solution," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation.  "They have built a reputation by providing their clients with a high-level of customer service and we are excited to partner with a world-wide leader." 

"Engaging with a technical innovator such as Textura supports the foundation on which our business was built, namely market-driven solutions and client partnership," said Caracino.  With 130 properties in 33 markets around the world, Digital Realty provides secure, reliable and cost-effective data center facilities that meet each client's unique data center needs. 

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