As an early adopter, Jaynes Corporation has seen the Construction Payment Management solution grow and evolve.
CHICAGO, Nov. 12, 2014 /PRNewswire/ -- Textura Corporation ( NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Jaynes Corporation, the parent company to three commercial construction companies across the Southwest United States, has been successfully using Textura-CPM for eight years to streamline and make construction payment management more efficient. Jaynes Corporation was one of the first companies to adopt Textura-CPM, and the solution has become the standard by which project teams at Jaynes interact with each other for billing and payments and how the company interacts with subcontractors.
"When we first saw CPM, it just made sense, and we asked why no one had thought of this before," said Tracy Utterback, Chief Financial Officer, Jaynes Corporation. "Eight years ago we were relying on paper and spending too much time scanning documents. We didn't have a uniform process in place that all of our project teams would follow, and we needed to provide more accessibility to our clients and subcontractors. Textura allows us to communicate with our subcontractors across hundreds of projects in real time, and has streamlined our payment process with direct ACH deposits. All of our remote offices can collaborate and check the status of projects. Textura has transformed our processes." Jaynes Corporation first implemented Textura-CPM in 2006.
Textura-CPM is a web-based, Software-as-a-Service (SaaS) that electronically integrates all construction payment management processes into one seamless workflow, from the point of contracting, to preconstruction to project close out. Jaynes Corporation and other General Contractors use CPM to automate lien waiver collection, electronic payment, document compliance and reporting.
"As one of the oldest users, we've experienced first-hand how the solution has evolved over the years," said Utterback. "There have been a number of major enhancements to CPM, and we have seen some of our suggestions incorporated into the system. It's reassuring to have a partner that not only delivers a product that helps make us more efficient, but also one that listens to us and tries to understand and anticipate our needs." Since its release, Textura-CPM is now used by over 300 General Contractors and 45,000 Subcontractors.
"We've been able to reach these milestones and have CPM become the industry standard based on the partnerships we have developed with our clients," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We wish to congratulate Jaynes on their eight-year anniversary using CPM and for their support over the years. They are a leader in the industry and we wish them continued success using our collaboration solutions."
About Jaynes Corporation Inc.
The Jaynes Companies is the parent company for 3 commercial construction companies located in 3 states throughout the Southwest. Jaynes is a nationally respected regional general contractor with extensive construction experience in commercial, health care, retail, education, hospitality, warehouse and distribution, local, state and federal government buildings, multi-family, structural concrete and pre-engineered building projects.
Jaynes has met the challenges of time and technology to become a recognized leader in the construction industry throughout the Southwest. Our success has come from a set of values that serve as the cornerstone of our corporate philosophy. Jaynes' value system is keyed to basics -- integrity, trust, safety, skill and confidence are values we cherish. For more information, please visit www.jaynescorp.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
Textura Corporation, CPM Marketing
SOURCE Textura Corporation