Manage Textura Payment Accelerator Programs
Enroll a project in a Textura Payment Accelerator (TPA) to offer accelerated payment to Subcontractors through a third-party funder for a modest Subcontractor fee.
- Contact your Textura implementation team to set up a TPA.
- Assign the Manage TPA permission to a user on the Edit User page
- Select TPA settings on a project
- A TPA Manager can use the TPA tab of the Project Settings page to add a project to a Textura Payment Accelerator.
- Once a program is selected and saved, a TPA Manager can use the tab to select TPA project settings
- Optional Set up Notice of Lending tracking
Note: The Track Notice of Funding page is also used by Notice of Lending Organizations.
- Optional. Use an organization TPA override to block TPA enrollment for a Subcontractor
- Manage TPA Subcontracts.
- A Subcontractor's TPA Status and TPA Rate display on the Subcontract Listing and Contract Maintenance pages.
- The Contract Status page shows TPA in the Method column. It also includes a Funded column.
- The Manage Invoices page shows TPA in the Payment Type column.
- Disburse TPA Payments.
- When an Authorizer uses the Authorize Payments page to provide a disbursement authorization for a TPA payment, the Payment Method column displays TPA for subcontracts enrolled in the TPA program. The Funded column will indicate when the TPA payment is funded.
- When a Disburser uses the Manage Draw Payments page to make a TPA payment, the Payment Method column displays TPA for subcontracts enrolled in the TPA program.
Note: A Disburser can choose a different payment method on the Edit Payment Status page. The TPA Payment Method cannot be selected again once another payment option is selected.
- When a Disburser uses the Enterprise Wide Disbursement page to make a TPA payment, TPA payments are called out in the summary and the Payment Type column displays TPA for subcontracts enrolled in the TPA program.
- Review TPA maturity payments.
Last Published Wednesday, July 10, 2024