Case Study: ARCO Construction cuts subcontractor payment time by 30% with Oracle Textura

ARCO Construction cuts subcontractor payment time by 30% with Oracle Financial Services Software

ARCO Construction, a rapidly growing construction firm, faced challenges with inefficient, paper-based subcontractor payment processes that created compliance risks and slow payments. The company sought an automated solution to manage pay applications and lien waivers. After a year of research, they selected Oracle Financial Services Software, implementing its Oracle Textura Payment Management application.

Oracle Financial Services Software provided Oracle Textura Payment Management, which integrated smoothly with ARCO's ERP system. The cloud-based solution reduced subcontractor payment time by 30%, from 65 days to 45 days. This automation eliminated much of the risk around lien waivers, significantly reduced overtime hours, and improved overall efficiency, allowing the finance team to support business growth without adding staff.

ARCO Construction