CHICAGO, June 1, 2016 /PRNewswire/ -- Textura
Corporation (NYSE: TXTR), a leading provider of collaboration
solutions for the construction industry, announced that leading
construction management firm Consigli Construction Co., Inc. is
using Textura's Construction Payment Management™ (CPM®)
solution to optimize invoicing and payment processes, enabling the
builder to scale its operations as it continues to grow.
Headquartered in Milford,
Mass., with offices across the Northeast and Mid-Atlantic,
Consigli maintains a diverse portfolio of projects across a wide
range of sectors, including landmark restoration, academics, life
sciences, residential, government and health care. The company
ranks No. 79 on Engineering News-Record's 2016 ENR 400 list of the
largest general contractors, based on 2015 revenue of $914.7 million.
Consigli, which has been recognized for innovative services and
advanced technology, implemented CPM late last year and plans to
use Textura's solution on all new projects.
"Using CPM has allowed us to streamline and automate our payment
management processes, greatly improving productivity and freeing up
our accounting staff to focus on value-added tasks," said
John Tessicini, controller at
Consigli. "Our organization is growing substantially, and the
efficiencies and process improvements from CPM enable us to scale
our business without increasing staff."
A web-based Software-as-a-Service (SaaS) solution, Textura-CPM
integrates key construction payment management processes -
including billing, lien waiver collection, progress claims,
statutory declarations, sub-tier waivers, compliance management and
payments - into a seamless, online workflow that facilitates
collaboration across project participants. By automating and
standardizing document generation, routing and approval, CPM
improves accuracy, enhances transparency and helps mitigate
risk.
"Consigli is focused on innovation and leveraging technology to
deliver superior project outcomes to its clients, and we're excited
to be a partner in those efforts," said Mike Antis, Executive Vice President of Client
Services for Textura. "As Consigli's experience demonstrates,
Textura-CPM can deliver powerful efficiencies and productivity
benefits that enable builders to successfully scale their
businesses amid growth," he said.
About Consigli Construction Co., Inc.
Consigli
Construction Co., Inc. is a leading construction manager and
general contractor with offices in Boston and Milford,
Mass.; Washington, D.C.;
Portland, Maine and Hartford, Conn., serving clients throughout
the Northeast and Mid-Atlantic regions. A fourth-generation
family-owned business, Consigli is recognized by the Boston
Business Journal as the second-largest construction company in
Massachusetts and by Engineering
News-Record as one of the 100 largest in the country, and has
received numerous awards and recognition for its work and
employment practices.
About Textura
Textura is a leading provider of
collaboration and productivity tools for the construction industry.
Our solutions serve construction industry professionals across the
project lifecycle – from takeoff, estimating, design,
pre-qualification and bid management to submittals, field
management, LEED management, performance management and payment.
With award-winning technology, world-class customer support and
consistent growth, Textura is leading the construction industry's
technology transformation. www.texturacorp.com
Contact:
Emily Ries, CPM Marketing
emily.ries@texturacorp.com
847-457-6536
Investor contact:
Annie
Leschin, StreetSmart IR
415-775-1788
ir@texturacorp.com
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SOURCE Textura Corporation