TPA Program Settings Fields Overview

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.

Subcontractor Fee %

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

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.

Maturity (Days)

Shows the number of days between a General Contractor's disbursement of an 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

Displays 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 Discount 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 an 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 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.

Utilizing text from existing program

Allows organization to copy the TPA enrollment text from an existing TPA program.

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.

Funding Cutoff

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.

Enrollment Documents

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

Specify your program specific terms and conditions documents to your subcontractors as part of their program enrollment.

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.