Textura Payment Accelerator Program Overview
The Textura Payment Accelerator Program (TPA) is an Oracle solution provided on the Oracle Textura Payment Management (TPM) system. a TPA enables General Contractors to provide early payments to Subcontractors. The General Contractor collaborates with a Funder and the TPM Implementation Team to configure the program.
- The General Contractor still disburses the payment, but the payment is funded by a third party.
- On the maturity date, the payment amount is automatically deducted from the General Contractor's account.
Subcontractors are offered enrollment in a TPA based on the program setup and project settings. To prevent Subcontractor from participating in a TPA, you can block enrollment from the Organization TPA Overrides page.
To manage a TPA program, someone in your organization must be assigned Manage TPA permissions. When assigned this permission, the user will also have View All Organization Projects permissions.
Last Published Wednesday, July 10, 2024