Textura — Construction Payment Management Selected for Invoicing and Payment on Construction of New ExxonMobil Houston Office Campus

HOUSTON, June 21, 2011 /PRNewswire/ -- Textura Corporation, the leading provider of collaboration solutions for the construction industry, announced today that its Construction Payment Management (CPM) application was selected by ExxonMobil to manage the invoicing and payment process during construction of its new multiple building office campus in North Houston.

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Patrick J. Allin, Textura Chairman and CEO, said "Textura is very proud to be involved with this project.  We were introduced to ExxonMobil by an existing client in Houston.  We look forward to doing our part to make the construction payment process on this project lower risk and efficient for everyone by automating traditional manual processes.  ExxonMobil is working with world class designers and contractors in a very thoughtful approach to create an impressive campus that will be an asset to the community and entire state of Texas."  

Mike Antis, Textura Vice President Client Services, stated "Textura—CPM is a unique solution that offers benefits to ExxonMobil as well as their construction managers, subcontractors, and suppliers.  It provides real time visibility and transparency into the monthly draw process.  CPM brings discipline and efficiency to antiquated, manual construction processes.  This system solves a number of issues that have challenged construction owners."

Construction and ongoing operations of ExxonMobil's Office Campus will create thousands of jobs and significant benefits for the Texas and Houston-area economy.  The complex will be located on a 385-acre wooded site on company-owned land near the intersection of I-45 and the Hardy Toll Road.

About Textura

Founded in 2004, Textura has developed the only robust collaborative industry solutions for construction payment management, Textura—CPM, and for pre-qualification, Textura—PQM.  Textura—CPM integrates all construction payment management process components into one seamless work flow, helping contractors and others involved in construction projects realize significant benefits from automation and streamlining.  Textura—PQM automates the entire pre-qualification process for everyone by facilitating the electronic submission, review, approval and updating of all pre-qualification documents.  Please visit our website at www.texturacorp.com.  

SOURCE Textura Corporation