Oracle Textura Payment Management vs. Newforma

Oracle Textura Payment Management increases efficiency and control in construction payment management through a collaborative subcontractor invoicing and payment software system. The cloud solution streamlines and automates processes to accelerate payment, mitigate risk, and improve cash flow. Contractors can rely on the exchange of e-signed lien waivers and electronic payments. Key Business Benefits: - Increased efficiency: Eliminate paper and gridlock by standardizing processes and providing a single source of truth to the supply chain.

Newforma is project information management (PIM) software for the architecture, engineering, construction, and owner (AECO) industry. It connects the emails, instant messages, files, drawings, models, issues and contract documents spread across a project team's systems and makes them accessible in one searchable project record. Teams use Newforma to run construction administration workflows, control documents, coordinate BIM issues, while showing creating a complete audit log of who knew what and when.