Top 3 reasons Oracle Textura enhances your enterprise resource planning

Oracle Textura Payment Management has managed more than $1 trillion in construction project value as of September 2021. This milestone represents more than 78,000 projects and payments managed in the Oracle solution since the tool first launched in 2006.

The main reason customers trust the payment management solution with their projects’ payment management processes? Oracle Textura’s extensive integrations to 20-plus enterprise resource planning (ERP) accounting systems.

Let’s look at the top three reasons you should integrate Oracle Textura to your accounting system to enhance your ERP.

No. 1: Oracle Textura enhances ERP value in the cloud

ERPs, while often great platforms for general business needs, typically can’t support the payment supply chain on a construction project. Oracle Textura supports the supply chain by offering robust compliance document management, approval workflows, a detailed schedule of value management, and more features for supplementing ERP functionality. 

For example, an ERP’s schedule of values can be expanded and managed by general contractors and subcontractors, enabling increased visibility into project deliverables using the Oracle solution. Oracle Textura requires data from an ERP—project, contract, compliance, owner, and more data—to facilitate workflows in the Oracle solution.

An organization’s ERP provides this information to Oracle Textura and is automatically uploaded into the Oracle tool.

Let’s take a deeper look at how automated integration from ERP to Oracle Textura enables cloud workflows in the Oracle tool.

No. 2: Automation enables cloud workflows

Oracle Textura has built integrations to more than 20 ERPs over the course of Oracle Textura's 17-year history. This integration is bi-directional; ERPs provide data to Oracle Textura, enabling the Oracle tool to automatically post completed invoices, payments, and documents back to ERPs.

Without integration, organizations would need to input significant amounts of information into Oracle Textura or their ERP, sapping time and taking value from their payment supply chain. Oracle has focused extensively on building robust and automated ERP integrations into the Oracle tool.

Let’s look at an example with CMiC, an ERP that now integrates with Oracle Textura. The Oracle tool receives data from the CMiC integration to run a construction project without CMiC users inputting key data into Oracle Textura.

The results: Over 1,700,000 invoices have automatically been posted to CMiC from Oracle Textura.

CMiC users now can focus on facilitating their payment supply chain more effectively. Organizations also can stay current with their CMiC software package without disrupting their workflows to Oracle Textura thanks to the additional support for the CMiC R12 integration.

Next, let’s look at how Oracle builds integrations to ERPs.

No. 3: Oracle helps build the Oracle Textura integration

Oracle’s client services team builds integration from an organization’s ERP to Oracle Textura so customers don’t need to. Client services can quickly set up integration to a new ERP, helping organizations quickly launch the Oracle tool.

Recently, Oracle rolled out a new, cloud-based integration engine called TexturaLink Cloud to help streamline our integrations even further while reducing customers’ IT burden.

Oracle’s approach with building integration starts with how an organization is using their ERPs. An organization’s existing processes are mapped to how these processes will be performed in Oracle Textura—including what data is necessary for organizations to effectively use the Oracle solution. 

Navigating change management is critical for the success of any software project. Oracle focuses on change management when building integrations to an organization’s ERP. There also is no charge for these integrations.

Summary

Oracle Textura enhances the value of ERPs for facilitating the payment supply chain. This could not be accomplished without automated integration between the Oracle tool and an organization’s ERP.

Please also visit our booth at the CMiC conference Oct. 23-26, 2022 in Miami, Florida.

Oracle Construction and Engineering, the global leader in construction management software and project portfolio management solutions, helps you connect your teams, processes, and data; empower better decision-making; and synchronize activities across the project and asset lifecycle. Drive efficiency and control in project delivery with proven solutions for project controls, construction scheduling, portfolio management, BIM/CDE, construction payment management, and more.

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