ARCO Streamlines Construction Payments with Oracle Textura

Core Insights - ARCO has implemented Oracle Textura Payment Management to enhance collaboration with subcontractors and streamline construction payment processes [1][2] - The platform has managed payments for construction projects valued at over $1.5 trillion, showcasing its extensive use in the industry [2] - The integration with existing Vista Construction Accounting Software has facilitated a smooth onboarding process for ARCO's employees and subcontractors [3] Company Overview - ARCO is recognized as a leader in the construction industry, specializing in various industrial project types such as cold storage warehouses and light industrial distribution [5] - The company offers turn-key design-build services, ensuring cost savings and efficient communication through a single point of contact [5] - ARCO is 100% associate-owned as an Employee Stock Ownership Plan (ESOP), which aligns employee interests with company performance [5] Technology Implementation - The implementation of Oracle Textura has improved lien waiver management, providing a complete audit trail and reducing the risk of lost documents [3][4] - The platform has enabled better visibility for subcontractors regarding their invoices and payments, fostering improved collaboration [3] - The transition to a cloud-based payment management system has enhanced efficiency and risk management for ARCO [4]