TPA Program Settings Fields Overview

Program Discount/Enrollment Type

Dynamic Discounting and Vendor Enrollment: The program fee percentage for Subcontractors fluctuates and is dependent upon how many days early payment is disbursed by the General Contractor. Subcontractors enroll in this kind of TPA program at the vendor-level, meaning their enrollment is recognized across all projects and invoices in which the TPA program is offered.

Fixed Discount and Contract Enrollment: The program fee percentage remains the same no matter how many days early the Subcontractor receives payment. Subcontractors will enroll on a contract-by-contract basis when you offer this kind of TPA program.

Dynamic Discount Fields

Program Type

Determines if TPM will generate a Textura Payment Manager facilitated maturity payment for repayment of accelerated invoices.

Program Name

Name of the TPA program configuration the project uses.

Display Name

Program name displayed to subcontractors interacting with your program on a project.

Currency

Indicates the currency fundings will be occurring in on this program. Note: this will need to match the currency configuration of assigned TPA funding accounts and projects.

Default Program Rate (per 30 days)

This value represents the fee per $100 of invoicing your Subcontractors will be charged for enrolling in this program.

You can update the rate percentage at any time and changes will take effect immediately across all subcontracts currently enrolled in the TPA. All Subcontractors participating in the program will see a message about the rate change at the top of their Project Home page and on the Review tab of their billing workflow. The application will also send a notification to TPA-eligible Subcontractors, notifying them of the change.

When you update the Default Program Rate on an existing TPA program and try to save changes, you will see a Warning dialog box informing you that the rate will affect all Subcontractors, including those currently enrolled. Select Save to agree to proceed with your rate changes.

Default Payment Term Duration (days)

The number of days a Subcontractor's payment is accelerated as a part of the TPA.

Default Buffer (days)

The number of days between a General Contractor's disbursement of a TPA payment and the automatic Funder repayment. The maximum interval is 120 days. The length of the interval may impact the program pricing.

Minimum Days of Acceleration

Calculates the Last Day of Acceleration, which is the date when a TPA invoice enrolled in Dynamic Discounting switches to ACH payment. The value entered in this field is subtracted from the Full Term Date to determine the Last Day of Acceleration.

Payment Processing Days

This required field is used to account for the processing time (2-3 days) between payment disbursement and when subcontractors actually receive funds. It reduces the number of payable acceleration days, so subcontractors do not overpay. The value entered here must be less than the Minimum Days of Acceleration.

Fee calculation = payment amount * daily rate * (days of acceleration - payment processing days).

Funding Account

Displays the name of the account that will fund TPA invoices. Use the drop-down menu to select a different funding organization.

Funding Timing

Immediate: Indicates that eligible TPA disbursements should be available for inclusion in the next available bank file run for your organization.

Scheduled: Indicates that eligible TPA disbursements will be held until a predefined time until they are release for inclusion in a bank run for your organization. Note, this timing is configurable and can be modified to meet the specific treasury needs of your organization.

Maturity Account

The name of the account that will receive maturity payments. Use the drop-down menu to select a different organization.

Business Calendar

Retrieved from the Organization Settings page. Use the Business Calendar to ensure deadlines for TPA maturity and payment due dates are not scheduled for weekends or holidays.

Calculate TPA fee amount Pre Tax

Allows your organization to determine if the tax payment amount should be included or excluded when calculating the TPA acceleration amount.

Allow invoices with retention

Invoices with retention are eligible for TPA payment.

Allow retention-only draws

Invoices for retention-only draws are eligible for TPA payment.

Note: If invoices for a retention-only draw should be eligible for a TPA payment, the Allow Invoices with Retention and the Allow Retention-Only Draws settings must both be selected.

Allow final invoices

Final invoices are eligible for TPA payment.

Fee Help Text

Specify how fees are calculated for Dynamic Discounting. Enter custom text to help the subcontractor understand how subcontractor fees are calculated.

Enrollment

Banner Text

Enter a customized text to introduce TPA to subcontractors. The text is displayed in the banner when Subcontractors are prompted to enroll, and in the dialog box that explains how estimated early payment fee is calculated.

Enrollment text

Specify how programs should be presented to your subcontractors. Enter custom enrollment text, links to external information, and attach logos.

Enrollment Documents

Terms and Conditions

Upload your program specific terms and conditions for the program for your Subcontractors to access and accept as a part of their enrollment.

Upload Banner

Add a document to enhance the banner text you entered above.

FAQ

Upload a file with FAQs to help answer some questions a Subcontractor may have about the TPA and its terms.

Logo

Upload a logo for Subcontractors to see when accessing details about the TPA program.

Fixed Fee Fields

Program Type

Determines if TPM will generate a Textura Payment Manager facilitated maturity payment for repayment of accelerated invoices.

Program Name

Name of the TPA program configuration the project uses.

Display Name

Program name displayed to subcontractors interacting with your program on a project.

Currency

Indicates the currency fundings will be occurring in on this program. Note: this will need to match the currency configuration of assigned TPA funding accounts and projects.

Subcontractor Fee %

This value indicates the fee charged per $100 of invoice value. Subcontractors will be assessed this fee when they enroll in the program.

Maturity (Days)

Number of days from invoice submission until the maturity date. This determines the maturity date, as well as the cutoff date.

Default Buffer (days)

The number of days between a General Contractor's disbursement of a TPA payment and the automatic Funder repayment. The maximum interval is 120 days.

Funding Account

Displays the name of the account that will fund TPA invoices. Use the drop-down menu to select a different funding organization.

Funding Timing

Immediate: Indicates that eligible TPA disbursements should be available for inclusion in the next available bank file run for your organization.

Maturity Account

The name of the account that will receive maturity payments. Use the drop-down menu to select a different organization.

Business Calendar

Calculate TPA fee amount Pre Tax

Allows your organization to determine if the tax payment amount should be included or excluded when calculating the TPA acceleration amount.

Collect contact info

Allows you to optionally collect additional info about the contract signatory for a subcontractor when they accept their contract or enroll in your TPA program.

Subcontracts eligible by default

Allows your organization to determine if all subcontracts on a TPA eligible contract are enabled by default or if they need to be enabled individually.

Allow invoices with retention

Invoices with retention are eligible for TPA payment.

Allow retention-only draws

Invoices for retention-only draws are eligible for TPA payment.

Note: If invoices for a retention-only draw should be eligible for a TPA payment, the Allow Invoices with Retention and the Allow Retention-Only Draws settings must both be selected.

Allow final invoices

Final invoices are eligible for TPA payment.

Funding Cutoff

Funding Cutoff Base Date

This is the trigger date to begin calculating the TPA cutoff date. This date can either be the Invoice Approval Date or the Draw Period to Date.

Base Date Offset (Days)

Number of days after the Funding Cutoff Base Date that will be used to calculate the TPA Funding Cutoff Date.

Send Reminder (Days Before Cutoff)

Number of days prior to the Calculated Funding Cutoff Base Date that users will receive notification of the upcoming cutoff date.

Subcontractor Cutoff Extension

Number of days a Subcontractor can optionally agree to extend their Calculated TPA Cutoff Date.

Enrollment

Enrollment text

Specify how programs should be presented to your subcontractors. Enter custom enrollment text, links to external information, and attach logos.

Project level default days early

This value is displayed to Subcontractors. It shows the number of days earlier than their standard payment date when they will receive their funds by taking advantage of TPA.

Notify my Project Team

Allows you to choose if the General Contractor project team will also receive notification of the upcoming TPA cutoffs.

Override TPA funding program settings check box

Window of time TPA must be funded in, lest the invoice funding reverts to ACH for the draw. Select the number of days and cutoff trigger to enable this setting.

Split TPA Exports

Allows you to indicate if payment export records should be sent as a single record for the total payment amount or if you would like to receive multiple records, one for the funding amount and one for the TPA fee amount.

Enrollment Documents