TPA Program Settings Fields Overview

Program Discount/Enrollment Type

Dynamic Discounting and Vendor Enrollment: The new standard for Textura Payment Accelerator (TPA) programs. The program fee percentage for Subcontractors fluctuates and is dependent upon how many days early they receive payment for their invoice. 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.

Note: Dynamic pricing is the new standard for TPA. Moving forward, all new programs will use the dynamic pricing model and vendor enrollment. Current projects will still have the Fixed Discount and Contract Enrollment setup, but you can manually edit a program and change to dynamic pricing.

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.

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.

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.

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.

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.

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.

Funding Cutoff After Base Date (Days)

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

Notification Date Prior to Base Date (Days)

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

Notify my Project Team

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

Subcontractor Cutoff Extension

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

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.

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.

Enrollment Documents

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.

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.

Default Project Assignment

Only available for the first TPA project created by your organization. Choose to make the program the default for all active projects in your organization. When you select Yes, this program and all of its settings are automatically applied to your projects, both in progress and new, if you only set up one TPA program. If you create additional programs, this default will only apply to current projects and you will need to assign a program to future projects.