Day two of Oracle Industry Connect opened with an engaging panel discussion focusing on an area of paramount importance to virtually all organizations: how to...
Day two of Oracle Industry Connect opened with an engaging panel discussion focusing on an area of paramount importance to virtually all organizations: how to redefine business models and the consumer experience in an age of digital disruption. Cory Johnson, former journalist and chief market strategist for Ripple, led a broad discussion featuring innovators from several data-intensive industries, with executives from Con Edison, MGM Resorts International, Meed, and Bechtel...
Day two of Oracle Industry Connect opened with an engaging panel discussion focusing on an area of paramount importance to virtually all organizations: how to redefine business models and the...
We have some exciting news to share on the construction payments innovation front: Oracle Textura Payment Management Cloud Service since its inception has now...
We have some exciting news to share on the construction payments innovation front: Oracle Textura Payment Management Cloud Service since its inception has now been used to manage subcontractor payments on projects representing more than $500 billion in construction value. By streamlining, automating, and standardizing payment management activities—including invoicing, compliance management, approvals, lien waiver collection, and disbursement—Oracle Textura Payment...
We have some exciting news to share on the construction payments innovation front: Oracle Textura Payment Management Cloud Service since its inception has now been used to manage...
The sudden collapse of Carillion reminds us that even titan contractors are not immune to the effects of cavalier fiscal and supply chain management. With all...
The sudden collapse of Carillion reminds us that even titan contractors are not immune to the effects of cavalier fiscal and supply chain management. With all of the confidence placed in organisations of this size, we often fail to arrive at an adequate assessment of risk. Big does not mean unbreakable, and behemoth builders may still buckle under the weight of cascading short-sighted financial strategies. The end result is, without question, unfortunate for all involved –...
The sudden collapse of Carillion reminds us that even titan contractors are not immune to the effects of cavalier fiscal and supply chain management. With all of the confidence placed in organisations...
Late payment continues to be a debilitating challenge for the U.K. construction industry, resulting in damage to relationships, increased project costs and job...
Late payment continues to be a debilitating challenge for the U.K. construction industry, resulting in damage to relationships, increased project costs and job losses, a new report finds. For its special report titled “Late Payment: The State of the Construction Industry,” U.K. publication Construction News surveyed more than 600 respondents from owner, main (general) contractor, subcontractor and other construction industry companies on their payment experience. The report...
Late payment continues to be a debilitating challenge for the U.K. construction industry, resulting in damage to relationships, increased project costs and job losses, a new report finds. For...
A leading builder in an array of market segments around the world, North America-based Turner Construction Co. completes $10 billion of construction on 1,500...
A leading builder in an array of market segments around the world, North America-based Turner Construction Co. completes $10 billion of construction on 1,500 projects each year. Managing such a large portfolio entails processing up to 20,000 subcontractor payables every month, and Turner uses Oracle Textura Payment Management Cloud Service to streamline, automate, and standardize its payment management activities in the cloud. In this segment, Turner Vice President and...
A leading builder in an array of market segments around the world, North America-based Turner Construction Co. completes $10 billion of construction on 1,500 projects each year. Managing such a...
General contractor Pankow estimates that using Oracle Textura Payment Management Cloud Service has saved the general contractor six figures annually by...
General contractor Pankow estimates that using Oracle Textura Payment Management Cloud Service has saved the general contractor six figures annually by streamlining and automating the subcontractor billing process. Pankow was an early adopter of the solution, which facilitates collaboration to increase efficiency, enhance visibility, improve cash flow, and mitigate risk across subcontractor payment management activities. Prior to implementation, Pankow’s project teams were...
General contractor Pankow estimates that using Oracle Textura Payment Management Cloud Service has saved the general contractor six figures annually by streamlining and automating the subcontractor...
Construction subcontractor early payment programs that are powered by Oracle Construction and Engineering cloud technology are gaining acceptance among general...
Construction subcontractor early payment programs that are powered by Oracle Construction and Engineering cloud technology are gaining acceptance among general contractors and subcontractors, leading trade publication Engineering News-Record says in a recent article. Oracle Textura Payment Management’s subcontractor early payment capability leverages supply chain finance techniques that enable general contractors to offer optional accelerated payments to subcontractors. In...
Construction subcontractor early payment programs that are powered by Oracle Construction and Engineering cloud technology are gaining acceptance among general contractors and subcontractors,...
As most supplier companies can attest, payment terms are lengthening across virtually all industries as buyers look to make the best use of their working...
As most supplier companies can attest, payment terms are lengthening across virtually all industries as buyers look to make the best use of their working capital. That’s certainly true in construction, where the trend toward longer payment terms by project owners is especially challenging for the subcontractors who perform the work on projects. But a new breed of technology-enabled supply chain finance (SCF) programs are helping the construction industry come to grips with...
As most supplier companies can attest, payment terms are lengthening across virtually all industries as buyers look to make the best use of their working capital. That’s certainly true...
In construction, cash flow is a key challenge for subcontractors. Under the industry's traditional financial processes, subcontractors often face long and...
In construction, cash flow is a key challenge for subcontractors. Under the industry's traditional financial processes, subcontractors often face long and unpredictable gaps between invoicing and payment. While awaiting payment, they still have to pay for materials, labor and other project expenses, and funding this gap can be challenging—and expensive. The challenging financing environment for small and medium-sized enterprises further complicates matters. The Oracle Textura...
In construction, cash flow is a key challenge for subcontractors. Under the industry's traditional financial processes, subcontractors often face long and unpredictable gaps between invoicing and...
