Business Classification Tracking

Introducing a new Business Classification Tracking feature that greatly enhances the business intelligence and reporting capabilities of Oracle Textura Payment Management. This feature allows Head Contractors to customise the business classifications they're tracking on a project (e.g., M/WBE certification, contract category, etc.), and enable reporting of contract values and claimed amounts according to the classification. Values may be assigned to every subcontractor and sub-tier organisation participating in a project, and supporting certifications can be uploaded and tracked.

The highly customisable tool allows business classifications to be defined at the enterprise level or on a specific project. Any number of enterprise level classifications can be defined by administrators with the Manage Compliance permission. Up to 15 classifications can be configured on a project by users who have the Compliance Manage role on the project.

Once configured, business classification tracking values can be assigned to subcontractors and sub-tiers on the project. The feature includes a dashboard with real-time contract and payment amounts enabling the tracking of progress against customisable goals.

Export data to generate custom reports for owners, regulatory agencies, and other interested stakeholders.

Access the Business Classification Tracking page from the Compliance menu, once the setting is configured in Project Settings.This page is accessible to users who have the Compliance Manager role on the project.

Video: Tour the Business Classification Tracking Dashboard

Note: The above video uses American English.

Video Spotlight

Integration Home Video

Textura Payment Management Analytics Introduction

Enhancements

Signing Report: Selecting the Signing Report link on the Period Home page directs you to the Generate Signing Report page for the current project and period, allowing you to easily extract detailed information about signing transactions from Textura.

Head Contractors

Textura Analytics: The Portfolio dashboard now includes a new Snapshot for Progress Claim Aging. This snapshot separates your outstanding unpaid progress claims by status and age. Hover over or click on any section of the graph to expose additional progress claim detail. The Average Days to Approve, Pay snapshot has been updated to include drill down capabilities. Click any section of the graph to expose progress claim details for a specific Period Month. The details table within the Payment dashboard now includes the Payment Due Date for each payment record. The Payment Hold dashboard has been enhanced with a filter for hold set and release methods. In addition, the details table now exposes the number of holds for each project.

Last Published Wednesday, August 7, 2024