CHICAGO, Feb. 11, 2014 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Snyder Langston, a trusted real estate and construction advisor to Fortune 500 companies, has found that by using Textura—CPM to optimize the construction payment process, the Southern California-based General Contractor has also enhanced relationships with Subcontractors. Textura—CPM minimizes payment delays and makes completing pay application and other documents easier and more efficient.
Textura—CPM enables Snyder Langston and other General Contractors to electronically integrate the entire payment process, from billing to lien waiver collection to the payment process, into one workflow. Document compliance is performed and stored online, so Subcontractors aren't required to enter the same information again and again. CPM™ automatically evaluates a Subcontractor's compliance, places holds as necessary and communicates any deficiencies to the Subcontractor instantly, improving communication between the General Contractor and the Subcontractor.
"The relationships with our Subcontractors is extremely important to our overall client service. We appreciate the efficiency of Textura to help us to work faster and be more responsive to our Subcontractors. We've experienced overall improvement including the fact that we've minimized the delay on payments to our Subcontractors, and we've improved our collection of lien waivers," said Paul Pfeiffer, CFO, Snyder Langston. "Overall, Textura has helped us enhance efficiency and improve our productivity." Based in Irvine, California, Snyder Langston specializes in commercial development across different sectors, including Healthcare, Hospitality, Corporate Build-to-Suit, Retail, Industrial, Institutional and Automotive. They are a recognized leader in Sustainable Construction and LEED® Consultation.
"Over 300 major General Contractors and 45,000 Subcontractor organizations use Textura—CPM, making it the standard for the industry," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "By offering a platform where all project stakeholders can access project information in real-time while automating processes, General Contractors such as Snyder Langston can not only improve efficiency by also enhance relationships with Subcontractors."
About Snyder Langston
Established in 1959, Snyder Langston is a trusted real estate and construction advisor to Fortune 500, mid-size and start-up companies. We are a leader in the Western United States, but maintain our strongest presence as one of Southern California's largest and most respected builders. We have successfully developed millions of square feet of space across virtually every real estate sector. We take great pride in these buildings, but find even greater accomplishment in the respect, integrity and relationships we've built along the way. For more information, please visit www.snyderlangston.com
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, pre-qualification and bid management to submittals, field management, 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
SOURCE Textura Corporation