ARCO Streamlines Construction Payments with Oracle Textura [Yahoo! Finance]
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
AUSTIN, Texas Dec. 11, 2024 /PRNewswire/ -- ARCO , a leading national design-build construction firm, has implemented Oracle Textura Payment Management to streamline and automate its construction payment processes. With Textura, ARCO has transformed the speed and efficiency of its invoicing, improved the secure management of lien waivers and compliance, and enhanced its collaboration with subcontractors. "Following a comprehensive year-long evaluation process, we selected Oracle Textura due to its exceptional capability to efficiently and securely manage high volumes of payments," said Austin Moore , chief financial officer, ARCO. "With Textura, we have fortified our relationships with subcontractors, which has had a positive ripple effect on our connections with owners and our overall standing in the industry. We are confident that Textura will continue to deliver increased time and cost efficiencies, especially in project accounting, along with enhanced risk management through st
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