Turner Construction on the importance of supplier diversity reporting
April 30, 2021 | 3 minute readTurner Construction (Turner), an American construction company and a subsidiary of the German company HOCHTIEF, has a presence in 20 countries. Turner is the largest domestic contractor in the United States as of 2019, completing $12 billion of construction annually.
The U.S. builder is committed to creating and sustaining a diverse and inclusive environment that extends beyond their walls and onto each project site.
In 1968, Turner formed the Community & Citizenship group (known then as Community Affairs) to ensure that they are providing fair and equitable opportunities to minority trade partners and are actively caring for the communities in which they build.
To support this, the construction company has a goal of 20% utilization regardless of contractual obligations, tracking spend with minority, women, disadvantaged, veteran, and LGBTQ business enterprises.
Turner, a long time Oracle Textura Payment Management user, had been managing their supplier business classification reporting using their ERP system. However, the system could not be modified to meet Turner’s many specific reporting requirements, resulting in offline processes being implemented.
The company turned to Oracle’s construction payment management software solution. “Oracle Textura Payment Management is the logical, flexible tool to manage supplier business classification. The solution is already the central system managing payments and compliance across our supply chain,” says Turner Construction’s Vice President & Regional Controller Matt McCabe.
The Oracle system can track supplier business classification reporting from each subcontractor, much like it already tracks lien waiver information. For example, contractors can seamlessly pull the data from Oracle Textura Payment Management for monthly reporting with no manual tracking or chasing.
“With Oracle Textura Payment Management, all information is complete and in a consistent format. We are not receiving or compiling the information from subcontractors in various formats."
-Matt McCabe, Vice President & Regional Controller, Turner Construction
Turner can also easily check the system to verify that all subcontractors have input their supplier business classification information along with their other monthly compliance requirements, meaning there is no time-consuming manual tracking or chasing.
“Having accurate and readily accessible data is vital to our mission. Oracle has worked with us to understand our needs surrounding minority business classification reporting and adjust their platform accordingly. These enhancements will not only benefit Turner, but our industry as a whole,” say Kris Harrison, National Director, Community & Citizenship.
“Using Oracle Textura Payment Management, we’re more confident that our business classification reporting is accurate and complete. We’ve increased our clients’ confidence in our reporting and can spend our time analyzing and understanding the data instead of compiling it,” says McCabe.
“Oracle Textura Payment Management has improved our business. We push and challenge both our organization as well as Oracle Construction and Engineering. Thanks to our relationship with the Oracle product team, we are continuing to expand the solution’s capabilities in areas such as business intelligence,” says McCabe.
Learn more about managing business classification reporting using construction payment management software.
Oracle Construction and Engineering, the global leader in construction management software and project portfolio management solutions, helps you connect your teams, processes, and data 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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Lucie Trepanier
Product Marketing Director
Lucie is an experienced technology marketing professional with a current focus on payment and cost-related products in Oracle's construction and engineering global business unit. At Oracle, her work in product marketing is centered on customer engagement and creating the right content to support our customers.
She has over 20 years experience in engineering, product management, marketing, project management, and sales. She holds a BS in Electrical Engineering and an MBA, from McGill University, Montreal, Canada, and can be found most nights at the dance studio, prepping for her next ballroom competition.