ENR Top 400 General Contractor Revolutionizes the Construction Payment Management Process with Web-based Solution.
CHICAGO, Jan. 22, 2015 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Haselden Construction, an ENR Top 400 General Contractor with over 40 years of history of providing general contracting and construction management services, is using the Textura-CPM™ solution to automate and streamline the payment management process.
"One of the biggest challenges we had was that our payment process was done manually," said Troy Schroeder, CFO, Haselden Construction. "The data was being entered manually and we issued payments by check. Our Subcontractors manually submitted invoices, and the invoices had to be routed through multiple levels in our company. There was a lot of time spent chasing paper and sorting out compliance issues."
A web-based, Software-as-a-Service (SaaS), Textura-CPM electronically integrates all construction payment management processes, including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments into a seamless workflow. The CPM™ solution allows Haselden Construction to automate manual processes and reduce the amount of paper involved in payments.
"Textura-CPM has helped us streamline processes between operations and accounting," said Schroeder. "There's better communication and information sharing between those two groups as they can access real-time information online. It's made our Project Accountants more efficient as they can focus more on projects and less on tracking down papers."
Founded in 1973, Haselden Construction is recognized as one of the leading General Contractors in the Western Region, focusing on educational facilities, healthcare facilities, mountain resort and hospitality projects, casino and gaming projects, and municipal and institutional facilities.
"We're very pleased that Haselden Construction, one of the Western region's largest and most innovative General Contractors, is using Textura-CPM to increase productivity and enhance efficiency," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "Haselden is now one of the more than tens of thousands of organizations in the Western United States, including one of more than 3,000 organizations in Colorado, using Textura-CPM, making it the standard for construction payment management. We look forward to helping Haselden achieve new levels of success."
About Haselden Construction
Haselden Construction was founded in Colorado in 1973 and delivers sustainable projects throughout the Western United States. Recently named ENR Mountain States 2014 Contractor of the Year for Colorado and Wyoming, Haselden is deeply rooted in family traditions, prides itself on being a great builder, and is dedicated to fulfilling its customers' needs completely. The company builds a diverse range of project types including office, education, healthcare, mountain resort, gaming, multi-family residential, and municipal facilities. For more information, visit our website at www.haselden.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.
The Textura® 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
Textura Corporation, CPM Marketing
SOURCE Textura Corporation