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SOURCE Textura Corporation
Integrated General Contractor based in California enhances Payment Management Process across the US.
CHICAGO, Aug. 21, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Alston Construction, a General Contractor that focuses on the industrial, health care, religious and retail markets, has implemented Textura-CPM in all of their offices across the United States.
"The solutions and process we had in place didn't meet our requirements as a national contractor," said Adam Nickerson, CFO, Alston Construction. "As a national contractor that has built more than 80 million SF of work in the past five years, our process and applications needed to grow with our business."
Textura-CPM is a web-based, Software-as-a-Service (SaaS) that electronically integrates all construction payment management processes into one seamless workflow, automating manual processes and reducing the stacks of paper involved in a construction project. Alston Construction and other General Contractors can initiate the monthly draw, review the AIA 702/703's or custom documents as well as a completed and signed lien waiver release, all online.
"With Textura-CPM, the pay applications are automatically sent to the right person, which speeds up the pay approval process," said Nickerson. "Our subcontractors are happy because we are now paying them faster. We've seen improvements across the board since we started using CPM." Headquartered in Sacramento, California, Alston Construction performs work across the United States and has offices in Nevada, Texas, Georgia, Tennessee, Illinois and New Jersey. Formerly known as Panattonni Construction, the company changed its name to Alston Construction in February 2014 to reflect serving multiple, repeat customers in markets on a vertical basis beyond just construction.
"We're pleased that a company with a national presence such as Alston Construction has chosen our solutions to help manage the payment process," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "Alston Construction joins over 300 major General Contractors who are using Textura-CPM to enhance efficiency and productivity, and we look forward to being part of their success as they continue to grow nationally."
About Alston Construction
Alston Construction Company offers a diverse background of general contracting, construction management and design-build experience of industrial, commercial, healthcare, education, retail and government projects. In its 25 year history, Alston has achieved substantial revenue growth. Our client list is perhaps the greatest tribute to the professionalism and performance of the company. We are proud to perform work for owners with whom we have developed lasting relationships, deriving roughly 80% of our work from repeat clients. A privately-held company, Alston has worked on projects ranging from $250,000 to $80 million. Our market knowledge throughout the country allows us to provide our clients with the best building methods and materials available, at a competitive price. Alston's overall goal is to provide quality, cost efficient projects that leave a positive experience for our clients.
Alston has offices located in Atlanta, GA; Chicago, IL; Dallas, TX; Edison, NJ; Houston, TX; Las Vegas, NV; Nashville, TN; Newport Beach, CA; Reno, NV; Sacramento, CA. Visit us at www.alstonco.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 Ð from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED® management and payment.
The Textura® 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
Lacey Faye Spang
Textura Corporation, Investor Relations
Textura Corporation, CPM Marketing
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