What's New in TPM Explore the enhancements we added this month

August 2020

Spotlight

New Payment Reconciliation Report for General Contractors

You can now generate a Payment Reconciliation Report to help with payment tracking. Use this report to tie out TPM transactions with your bank account. Filter based on the date the payment was disbursed from TPM, the settlement date of the transaction at your bank, the date the file was uploaded to your bank, or the date the payment was exported to your accounting system

See the Payment Reconciliation Report help topic for output fields included in the report.

Subcontractor Training Webinar Update

Textura now offers two additional trainings for subcontractors regarding managing sub-tiers. Webinars are free of charge, but registration is required. See the Textura Training Calendar to view the training times offered and to register

• Oracle-Textura Payment Management (TPM) On System Sub-Tier Management
  • Training for Subcontractors on how to use Oracle-TPM to manage on-system sub-tier subcontractors and suppliers
  • Best for: Subcontractors who will have sub-tiers or suppliers billing via Textura and being paid via ACH directly by the General Contractor
  • Offered weekly on Tuesdays & Thursdays
• Oracle-Textura Payment Management (TPM) Sub-Tier Lien Waiver Management
  • Training for subcontractors on how to use Oracle-TPM to manage Lien Waiver Only sub-tiers and suppliers.
  • Best for: Subcontractors whose sub-tiers or suppliers will use TPM only to sign lien waivers
  • Offered weekly on Tuesdays

Video Spotlight

Textura Payment Management: Schedule Draws

Textura Payment Management: Creating Service Requests

Tour the Document Archive

Tour the Business Classification Tracking Dashboard

Enhancements

General Contractors

There are three new organization settings to help configure your TPM experience.

• Disable Negative Billings on Positive SoV allows you to prevent Subcontractors from submitting an invoice with a negative value on a positive Schedule of Value (SoV) or a positive value on a negative SoV. This setting helps to reduce integration errors if your accounting system does not support this type of invoice
• If tax is enabled on your project, you now have the ability to apply tax pro rata to the partial payment. The pro rata option is available with the Partial Payment have Tax applied setting enabled by your Textura Organization Administrator.
• Better control who manages Track Pending Invoice Status Holds when you export an invoice with the new "Track Pending Invoice Export" holds releasable by Enterprise organization setting. When active, only users who are Enterprise Administrators and Project Managers on the project can release these holds from the Edit Payment Status page.

Find out more in Edit Primary Organization Settings for General Contractors.

Owners

Owners who use Textura Analytics can set target values for Days to Submit to Owner or Day to Approve by Owner metrics on the Draw Performance Dashboard in Textura Analytics. From Edit Primary Organization page, select the Configure link from the Textura Analytics section.

Last Published Wednesday, August 7, 2024